Cebu Air Inc., the firm behind carrier Cebu Pacific, has set the final price range for its planned P12.5 billion rights offering of convertible preferred shares at P38.00 per entitlement right. In a disclosure to the Philippine Stock Exchange, Cebu Air said it is offering 328.95 million...
The Department of Agriculture (DA) has been formally asked by its legally mandated arm for stakeholders' participation, Philippine Council for Agriculture and Fisheries (PCAF), to withdraw its petition to lower import tariff rates on pork. Instead, PCAF is proposing for the government to allow the...
Employers are now looking at 2022 as recovery year instead of 2021 due to the “very slow” reopening of business with the medical and the military making decisions for the domestic economy. ECOP President Sergio Ortiz-Luis Jr. In the regular weekly “Tapatan sa The Aristocrat” virtual forum...
Cemex Holdings Philippines Inc. (CHP) reported a decline in consolidated net income to P985 million last year from P1.3 billion in 2019 due to the negative impact of the COVID-19 pandemic on cement prices and volumes. In a disclosure to the Philippine Stock Exchange, the firm said its...
SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, reported a P18.0 billion consolidated net income for 2020 versus P38.1 billion in the previous year. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenues...
SPEAKING OUT Ignacio R. Bunye In a recent award ceremony, the Securities and Exchange Commission (SEC) and the Institute of Corporate Directors (ICD) lauded four Ayala companies for leading the way in terms of corporate governance in the country. Ayala Land, Inc. (ALI) and Globe Telecom made it to...
Two separate boards of directors were elected in two separate stockholders’ meetings held by rival factions of the Yanson family for Rural Transit (Mindanao) Inc., one of the bus companies under the Yanson-owned conglomerate Vallacar Transit Inc. The group that calls itself the Yanson...
Cebu Air Inc., the firm behind carrier Cebu Pacific, has set the price range for its planned P12.5 billion rights offering of convertible preferred shares mainly to pay for debt. In a disclosure to the Philippine Stock Exchange, Cebu Air said the offer price range for...
A committee made up of stakeholders from the Philippine National Federation Inc. (PNVF) will be in charge of the national team selection as the association eyes the Southeast Asian Games gold medal in the coming editions. PNVF President Tats Suzara bared this plan and said the decision will not...
The Philippine Stock Exchange, Inc. (PSE) is adding newly-listed firms in its sector indices while the main PSE index (PSEi) will see no changes in its composition. In a statement, the bourse said these changes are based on the regular stock performance review for the January to December 2020...
The Philippine National Volleyball Federation Inc. (PNVFI) has prepared a 10-point goal strategy to strengthen the sport in the country. PNVFI President Tats Suzara said the agenda touches issues from the grassroots up to the elite level, including making volleyball the number one family sport...
Seven members of the SM Group of Companies, led by flagship SM Investments Corporation (SMIC), clinched 10 awards for their high scores in the recently concluded 2019 ASEAN Corporate Governance Scorecard (ACGS) assessments. For the 2019 ACGS Assessment, three award categories were recognized:...
