Synergy Grid & Development Philippines, Inc. has set the final price for its follow-on offering at P12.00 per share—at the bottom of its adjusted price range of P12 to P17 per share. This lower FOO price translates to a maximum IPO size of P13.81 billion. Earlier this week, SGDP lowered its...
The Asian Development Bank (ADB) has approved a new energy policy that will support universal access to reliable and affordable energy services, while promoting the low-carbon transition in Asia and the Pacific. In a statement, ADB President Masatsugu Asakawa noted that energy is central to...
The local stock market took a breather from its rally that started last week as some investors cashed out for the weekend. The main index shed 22.11 points or 0.30 percent to close at 7,289.61 with the Industrial sector leading the retreat although the Financials and Services counters managed to...
The PSEi continued to rally and has breached 7,300 level, as stocks were buoyed by positive developments locally and in the US. The main index gained 14.64 points or 0.20 percent to close at 7,311.72 although sectoral indices were evenly mixed with the Mining and Oil and Holding Firms counters...
Real property valuations of local government units (LGUs) are not increasing fast enough to keep up with the market values of land in the country, the Asian Development Bank (ADB) said. During the virtual Bureau of Local Government Finance (BLGF) webinar Thursday, Oct. 21, Jose Antonio Tan III, ADB...
The Council for People's Development and Governance (CPDG) raised alarm over unrelenting violations and impunity that could possibly pose threat to a "clean and democratic" 2022 polls. (JUAN CARLO DE VELA / MANILA BULLETIN) CPDG cited the Sagay massacre where nine sugar workers were killed in...
The local stock market posted more gains as investors grow more optimistic with the coming earnings season and dropping COVID-19 csses. The PSEi added 30.77 points or 0.42 percent to close at 7,297.08 as Holding Firms led gainers although the Mining and Oil and Financials counters saw some...
The country’s nickel output for this year will likely go down due to unexpected weather disturbances and some logistical issues, said a top official from the Philippine Nickel Industry Association (PNIA). During the launch of the PNIA’s first Sustainable Development Goals (SDG) report, PNIA...
The Department of Science and Technology (DOST) is set to inaugurate on Thursday, Oct. 21, the Biosafety Level 2+ Laboratory as an initial facility for the Virology and Vaccine Institute of the Philippines (VIP). (DOST-ITDI) “Tomorrow is the opening of Biosafety Level 2+ lab at ITDI (Industrial...
The Bases Conversion and Development Authority (BCDA) on Tuesday, Oct. 19, confirmed the resignation of its president and chief executive officer Vince Dizon. Sec. Vince Dizon (Photo from BCDA) Dizon stepped down from his post on Oct. 15 to take a "more challenging role as Presidential Adviser for...
The local stock market continued to rise as world oil prices eased while local COVID cases declined further. The PSEi hiked 46.50 points or 0.64 percent to close at 7,266.31 although only the Holding Firms and Industrial counters advanced while the Mining and Oil sector led decliners. 39847 Volume...
Synergy Grid & Development Philippines, Inc. has lowered its follow-on offering size by 32 percent to a maximum of P19.57 billion from the earlier ceiling of P28.86 billion. Based on the firm’s disclosure to the Philippine Stock Exchange, the firm said it has reduced its FOO price range to...
