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 Pami Asia Balanced Fund, the fund management unit of the Philam group, has been given license by the Securities and Exchange Commission to operate as an open-end investment company and to register its entire authorized capital stock consisting of eight million common shares at a par value of P0.45 each. The new mutual fund [...]

“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 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 [...]

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 [...]

The country’s biggest oil refiner, Petron Corp., may soon become part of the country’s largest food-and-beverage company, San Miguel Corp. (SMC). The company said it will exercise its option within the year to buy 51 percent of Petron, and at the same time make a tender offer to minority shareholders.
Tender offer allows the minority shareholders [...]

The thrift bank subsidiary of the Bank of the Philippine Islands, BPI Family Savings Bank, is going to roll out a credit facility that will cater to the micro and small enterprises. This plan of BPI Family to increase its loan exposure will be done through a customized business packaged which it will roll out [...]

The energy investment arm of food and beverage giant San Miguel Corp., the San Miguel Energy Corp. (SMEC), will be conducting an initial public offering (IPO) within the next three years. This has been confirmed by San Miguel president Ramon S. Ang who said that they will definitely keep a 51% interest in SMEC in [...]

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 [...]

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 [...]

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 [...]

This is good news to the depositors of the 13 banks affiliated with the Legacy group. The Philippine Deposit Insurance Corp. (PDIC) announced that it will be paying the depositors whose deposit insurance claims are between P100,000 and P250,000 starting the end of April.
According to PDIC president Jose C. Nograles, the agency will be starting [...]

The last part of 2008 saw a number of rural banks closing down one after another. Initially, this was easily blamed on the global financial turmoil. But Bangko Sentral ng Pilipinas (BSP) thinks otherwise, and that poor management and other illegal activities has a lot to do with.
Because of this, Deputy Governor Nestor Espenilla of [...]

In the Philippine corporate world, shares of stock are traded and transferred everyday from one hand to another, whether in the stock exchange by public trading, or through private transactions. We are going to discuss transfer of shares not traded nor listed in the stock exchange.
First off, certain documentary requirements need to be met in [...]

Exxon Mobil Corporation, the largest oil company in the United States surges past the analysts’ estimates having a posted net income pf $14.83 billion and sets a national record for quarterly profit
The leading oil company cited that from $9.41 billion or $1.70 per share to $14.83 billion or $2.86 per share in their third-quarter net [...]

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 [...]