JG Summit announced last Friday its intention to sell its stake in telecommunications giant Philippine Long Distance Telephone Co. (PLDT) to NTT DoCoMo of Japan. The Gokongwei-led company said it will be selling to NTT DoCoMo the 2.8-percent stake it will receive from PLDT as part of the telecom giant’s deal with the Digital Telecommunication [...]

The Aboitiz Power Corporation offered to invest P25 billion to jumpstart construction of its proposed 300-megawatt coal-fired power facility in Davao, with the said investment coming from its internally-generated cash. “To save time, Aboitiz Power is ready to invest its own fund, amounting to P25 billion instead of seeking financing from other institutions to [...]

The PNOC Exploration Corp. is already starting its preparations for a public-offering of its shares after its directors finally gave the go-ahead. However, the board deferred to give its decision on the actual date so as to be able to pinpoint the proper timing and conditions, according to PNOC-EC chair and CEO Gemiliano C. Lopez [...]

“Maharlika Board” or a separate trading board for the Philippines companies that comply with high governance standards is being planned by the Philippine Stock Exchange (PSE). If plans push through, the “Maharlika Board,” which will be the first of its kind in Asia, will start on September this year. It is part of the government’s [...]

The IP E-Game Ventures, Inc., the online gaming unit of listed information technology firm IPVG Corp., is getting ready to go public after fulfilling the requirement of the Philippine Stock Exchange (PSE) to be listed by way of introduction last February of this year.

A tighter rule in getting listed in the local stock exchange by way of introduction has been drafted by the Philippine Stock Exchange (PSE) in a bid to better protect the investing public. The new guidelines will affect the rule which allows the companies to start public trading of their shares without conducting an initial [...]

The plan of the Cebu Pacific Air to conduct an initial public offering worth as much as P25.7 billion has been approved by the Securities and Exchange Commission. The planned offering consists of about 235.6 million shares with an indicative price of P95 per share for a total size of P22.38 million.
Should the demand for [...]

Cebu Pacific has announced last Monday of its plan to sell new shares to the public to raise funds of about P12 billion. The announcement was made by Cebu Air Inc., the company that operates the Cebu Pacific Airline.
The company said it planned to list 125.25 million new common shares through an initial public offering [...]

The Abacus Consolidated Resources & Holdings Inc. (ACRHI) announced that it will be unloading is entire stake in the Pacific Online Systems Corp., the exclusive online lottery system provider of the Philippine Charity Sweepstake Offices in the Visayas and Mindanao.

The infamous “Boracay Mansion” which was confiscated from former president Joseph Estrada, will be up for auction. The Sandiganbayan Special Division has given the green light to auction off the said property.
Sandiganbayan chief sheriff Edgardo Urieta was directed in a resolution by the anti-graft court to proceed with the auction of the “Boracay Mansion” which [...]

Local search engine Yehey! Corp. was established on June 10, 1998 and has an authorized capital stock of P1 billion, consisting of billion shares. Recently, it joined the growing list of companies who wants to get listed by way of introduction on the stock exchange.

In the Philippines, natural rubber production remains an emerging industry even though the country started growing trees at around the same time as Thailand, Indonesia, and Malaysia. These three countries at present supplies 75 percent of the world’s rubber requirement.
This year though, the Philippines is hopeful that there will be an increase in the country’s [...]

Tradings at the Philippine Stock Exchange (PSE) are always affected by the political issues happening to our country. Recently, the share price of Philippine Long Distance Telephone Co. (PLDT) dropped significantly this week, this was because most investors dumped the stock because of the controversy over  a previous deal between its parent First Pacific Co. [...]

Success! That’s how the SM Investments Corp describe its sale of five-year dollar bonds worth $500 million. The Sy-led holding firm benefited from investors’ who shifted to the less risky asset.  SMIC sale is said to be the largest dollar bond offering since 1997, while its fixed rate of 6% per annum is the lowest [...]

The eTelecare Global Solutions Inc. is seeking to be delisted from Philippine Stock Exchange. The business process outsourcing (BPO) firm said the effectivity date of its delisting is on November 9, 2009, this is in preparation for its upcoming merger with Stream Global Services Inc. of Boston.

In the current trading in the stock market in the Philippines, stock prices are only allowed to go up by 50% and fall by up to 40% in session before the trading is halted. In its review of trading rules, the Philippine Stock Exchange (PSE) has granted exemptions to the limits in these daily fluctuations [...]

A feat to celebrate a birthday. The event was such as the sale of Meralco’s shares to Pilipino Telephone Corp closed on July 14., the 63rd birthday of Manuel V. Pangilinan or MVP, head honcho of the Philippine Long Distance Telephone Company.
The formal closing of the sale provided PLDT with management control over Manila [...]

Last June 30, 2009; amidst the time when Philippine government is in need to fund a wider deficit on budget this year amounting to 250 billion pesos, a law was signed to attract more investors.
The second woman president of the Philippines, President Gloria Macapagal Arroyo has signed a law that will permanently remove documentary stamp [...]

Megaworld Corp., owned by property taipan Andrew Tan, is primarily engaged in the development in Metro Manila of large-scale, mixed-use planned communities, or community townships, that integrate residential, commercial, educational, leisure and entertainment components.
At present, the company’s six major township projects are the 17-hectare Eastwood City in Quezon City; the five-hectare Forbes Town Center and [...]

Major oil company Pilipinas Shell Petroleum Corp. is still not eager on engaging on initial public offering (IPO) this year. Edgar Chua, Shell country chairman stated their company still has no concrete plan concerning the IPO as the climate for capital raising exercise is not yet conducive as of this time. Chua, who has been [...]