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 Trans-Asia Oil and Energy Development Corp.’s plan to raise fresh fund for power generation via stock rights offer was approved by the Philippine Stock Exchange (PSE).
The Phinma-led company got the nod from PSE when the latter posted a memorandum on Friday saying that its board has approved the listing of 1.16billion additional common shares [...]

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 [...]

ACM Landholdings Inc., a niche property developer founded 18 years ago by two Filipina banking and finance executives based in Hong Kong, is planning to be listed in the Philippine Stock Exchanges to raise as much as P1 billion fresh fund to meet brisk demand for low-to medium-cost housing.
Thus far, ACM has delivered to as [...]

“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 [...]

Broadcast media giant GMA Network Inc. has approved the declaration of P2.187 billion cash dividends, or P0.45 per share. In its disclosure to the Philippine Stock Exchange, the network giant said the record date for the cash dividend is on April 8, and the payment date is on May 5. The declaration of cash dividend [...]

Globe Asiatique intended to hold an initial public offering (IPO), unfortunately the property developing company owned by businessman Delfin Lee decided to withdraw its P3.3 billion IPO application with the Philippine Stock Exchange because its underwriter decided to quit.
The company, in its letter to the PSE, said that BDO Capital and Investment Corp. have resigned [...]

The Philippine Stock Exchange (SEC) has approved and issued the listing rules for real estate investment trusts (REIT), thus giving way for a new investment instruments.  According to the SEC, the rules should spur interest from the investing public. REIT will use pooled capital of investors to buy and manage income-generating property and mortgage loans.

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 [...]

One of the pioneer computer schools in the Philippines, the Systems Technology Institute (STI) Inc. is planning have a public offering and tap the equities market after the May 10 elections. STI plans to raise capital for further expansion.
STI chairman Eusebio Tanco said that they would like STI to be listed after elections to expand [...]

After long-delayed listing of its share in local stock market, Yehey! Corp. still wants to pursue its plan of getting listed in the Philippine Stock Exchange (PSE). Should they get listed, Yehey! would the third firm this to get listed by way of introduction this year.
Edmundo P. Bunyi, Jr., president and chief operating officer of [...]

Philippine online gaming publisher IP E-Game Ventures Inc. (IP E-Games) was finally listed in the Philippine Stock Exchange (PSE). The company held its listing ceremony at the PSE last Wednesday. IP E-Games is the first online gaming company to be listed in the PSE.
A subsidiary of technology firm IPVG Corp., IP E-Games was able to [...]

The Government Service Insurance System (GSIS) has entered into a conditional sale agreement with the Hong Kong-based First Pacific Company (FPC), which is represented by its local affiliate Two Rivers Pacific Holdings Corporation. The deal will see First Pacific buying approximately 5.9 percent interests of GSIS in Philex Mining Corporation for P6.02 billion.

Last week, the Union Bank of the Philippines (Unionbank) also went into capital-raising effort as it started offering unsecure subordinated notes to investors to beef up its capital by P5 billion, in order to lift is capital adequacy ratio (CAR) to a more comfortable level that would allow it to absorb more risk through aggressive [...]

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.

Oblivious of the controversy that is presently hounding its chief, the Social Security System (SSS) is increasing its investments in stocks, as it remained bullish about the equities market this year. The SSS took note of the improving outlook of many companies as the global economy slowly recovers from the turmoil.

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 [...]

The Philippine Long Distance Company (PLDT) leads the list of top earners among the listed companies in 2008, followed by San Miguel Corporation (SMC), and SM Investments Corporation (SMIC).
In the financial statements submitted to the Philippine Stock Exchange (PSE), the three big conglomerates totaled P68 billion, which already accounts for 34 percent of the 233 [...]

One of the country’s leading company, the San Miguel Corp. is planning to list its packaging arm in order to raise more funds, as the beer-based group is getting ready to branch out into heavy industry, according to Dow Jones Newswires. San Miguel president Ramon Ang told Dow Jones that the initial public offering for [...]

Because of this Yehey.com is postponing its plans to for an initial public offering. They are not the only company that has withdrawn its IPO plan, Cebu Pacific also shelved its planned IPO because of the current market condition. “Stock market conditions haven’t changed and remains at its all-time low. We deem that prospects are [...]