The Office of the Ombudsman (OMB) has sought the issuance of Precautionary Hold Departure Orders (PHDOs) against Senator Rodante Marcoleta, former lawmaker Michael “Mike” Defensor, and two other individuals before the Sandiganbayan. A PHDO is a court order that prohibits a respondent facing a...
Leading oil industry player Petron Corporation is seeking extension from the Securities and Exchange Commission (SEC) for the shelf registration of its P50 billion worth of programmed peso fixed-rate bonds issuance. The company stated that in its disclosure to the Philippine Stock Exchange (PSE),...
The Department of Foreign Affairs (DFA) has defended the exercise of its mandate to issue Philippine visas to foreign nationals after the Department of Justice (DOJ) suggested allowing third-parties to perform this function on account of supposed irregularities. Ma. Teresita Daza, DFA spokesperson,...
Hybrid rice seeds producer-SL Agritech Corp. (SLAC) has raised nearly P2 billion through another commercial paper issuance as the company gears for local and overseas expansion. On Wednesday, Dec. 20, SLAC formally listed its P1.86 billion worth of short-term commercial papers at the country’s...
Alcantara-led Alsons Consolidated Resources Inc. (ACR) has listed with the Philippine Dealing and Exchange Corporation (PDEx) the P600 million second tranche of its commercial papers (CP) issuance. That portion of the CP offer is part of the P3.0 billion CP program that the company had registered...