The tender offer (TO) of the common shares of First Gen Corporation that can be unloaded or sold by its outstanding shareholders had been priced at P33 per share, according to a report filed by bidder Philippine Clean Energy Holding Inc. with the Securities and Exchange Commission. “The tender...
The Court of Appeals (CA) has upheld the Securities and Exchange Commission’s issuance of a cease and desist order against Planpromatrix Online Co. to bar it from soliciting investments from the public without the necessary license. In its decision, the CA Special 10th Division affirmed the...
Lopez-led First Gen Corporation will be unloading approximately 8.7 percent of aggregate issued and outstanding common shares via a tender offer process that its prospective taker will be applying with regulators soon. In a formal notice, investor Philippines Clean Energy Holdings Inc. (PCEHI) has...
The supply and capacity of public transportation remains the same as the National Capital Region (NCR), Laguna, and Bataan are downgraded to modified enhanced community quarantine (MECQ) from August 21 to August 31, the Department of Transportation (DOTr) today, August 20, announced. DOTR123 Only...
The Securities and Exchange Commission (SEC) has approved the P988 million follow-on offering (FOO) of Apollo Global Capital, Inc. and the P3 billion fixed-rate bond offering of Phinma Corporation. In its meeting last August 5, the Commission En Banc resolved to render effective the...
The Department of Transportation (DOTr) will retain the current public transport supply and capacity in the National Capital Region (NCR) during the August 6 to August 20 enhanced community quarantine (ECQ) although they can only be used by Authorized Persons Outside Residence (APORs). DOTr...
The board of directors of listed firm Aboitiz Power Corporation has approved last week the prepayment of P3.4 billion worth of fixed-rate retail bonds to be enforced September this year. In a disclosure to the Philippine Stock Exchange (PSE), the company noted that it will be “using its existing...
The Securities and Exchange Commission is preparing rules governing digital asset offerings (DAO) and digital asset exchanges (DAX) to provide the investing public with more options, as well as protect them from the misuse of such emerging assets. “As it supports new and emerging business...
The P5-bIllion, 25-years delayed Bicol International Airport (BAI) is on track for this year's opening and to prove it, Transportation Secretary Art Tugade will land on its runway today, July 30. The Department of Transportation (DOTr) last night stated he "intends to land on the airport whether it...
The Department of Transportation (DOTr) this morning (July 27, 2021) led the inauguration of the P801.8 million, 313-kilometer, Metro Manila Bike Lane Network at Roxas Boulevard, Manila. 08232020_BIKELANE_ROMERO-1024x683 The Metro Manila Bike Lanes use concrete delineators or flexible rubber...
Transportation (DOTr) Secretary Art Tugade has opened the P145.371 million bike lane in Davao City which spans 54.744 kilometers. IMG-84fb969d7d4152ffeea4bedb041b6061-V It was part of the government's P1.09 Billion Bayanihan Bike Lane Networks project, 497 kilometers of pavement markings, physical...
The Securities and Exchange Commission (SEC) has extended the deadline to August 31, 2021 for corporations, partnerships, and individuals under its supervision to designate and submit their official email addresses and mobile phone numbers. In a notice issued on July 15, the Commission announced...
