Sky Cable Corp. has entered into a commercial arrangement with leading Philippine fiber broadband provider Converge Information and Communications Technology Solutions, Inc. that will enable Sky to upgrade its network and improve services to its subscribers.
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Leading finance super app GCash, together with the Cybercrime Investigation and Coordinating Center (CICC), has warned the public about the proliferation of fake social media channels pretending to be GCash. Related to these fake social media pages or groups are followers who will spread phishing links that will cause account takeovers or thefts of their accounts.
Google announced that it will implement a few policy changes to improve clarity and transparency for its publishing partners.
COL Financial launched a 'Portfolio Summary Report' to enable its clients to monitor and assess their monthly performance.
Department of Energy (DOE) Approval of the Notice of Surrender of Service Contract (SC) 747/18/2024 DOE has approved the surrender of SC 74, in which PXP has an operating interest of 70%. According to the company, this will not have a material impact on PXP's 2024 financial statements. While Philodrill is a JV partner with a 25% participation interest. According to Philodrill, they will comply with the DOE directive through the operator of SC 74.
No More Crypto: Sale of Discovery World Corporation's Shares in True Ally Ventures Limited7/18/2024 At a meeting of the Corporation’s Board of Directors held on July 18, 2024, the proposal to sell the Corporation’s shares held in True Ally Ventures Limited (True Ally) at the proposed price of Four Million Two Hundred Thousand Pesos (P4,200,000.00) was unanimously approved.
The Bank of the Philippine Islands (BPI) has priced its 1.5-year Peso-denominated Fixed-Rate Bonds due 2026 called BPI Sustainable, Environmental, and Equitable Development Bonds (BPI SEED Bonds), with a principal amount of P5 Billion, with an option to upsize.
Alliance Global Group Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, is embarking on another heavy capital spending this year as part of its commitment to sustain its recent growth pace. The conglomerate is allocating capital expenditure (CAPEX) this year of P75 billion, an increase of 19% from its actual spend of P63 billion in 2023. The budget also reflects an eight-year high since the P77 billion capital investments in 2016.
SM Investments Corporation (SM Investments) successfully priced a US$500 million drawdown from its US$3 billion multi-issuer Euro Medium-Term Notes (EMTN) program established in May this year. The notes will be listed on the Singapore Exchange Securities Trading Limited (SGX-ST).
Bank of the Philippine Islands Finishes 1H24 Strong, with Net Income of P30.6 Billion, Up 22%7/17/2024 Bank of the Philippine Islands (BPI) ended the first semester with record net income of P30.6 billion, up 21.5%, driven by robust revenues and sustained positive operating leverage. Return on Equity was 15.5% and Return on Assets was 2.0%. Earnings per share for the first semester stood at P5.80, up 14.0% from last year’s P5.09, notwithstanding the additional shares issued for the BPI and RBC merger.
In a PSE disclosure dated, July 17, 2024, the third property-for-share swap transaction of RL Commercial REIT Inc. (RCR) with its Sponsor, Robinsons Land Corporation (RLC) has been consummated through the execution of a Deed of Assignment for the infusion of thirteen (13) commercial assets totaling to 347,329 square meters (sqm) of Gross Leasable Area (GLA) with a total appraised value of Thirty-Three Billion Nine Hundred Fifteen Million Nine Hundred Sixty Thousand Pesos (P33,915,960,000.00) in exchange for Four Billion Nine Hundred Eighty Seven Million Six Hundred Forty One Thousand One Hundred Seventy Eight (4,987,641,178) primary common shares of RCR at a price of P6.80 per share.
The Board of Directors of Cebu Air, Inc. (Cebu Pacific) approved a restructuring plan to use the Corporation’s additional paid-in capital, amounting to Twenty Billion Six Hundred Fifty-Eight Million Five Hundred Fifty-Two Thousand Two Hundred Forty-Three Pesos (P20,658,552,243.00), as shown in the audited financial statements as of December 31, 2023, to eliminate the retained earnings deficit (Deficit).
BDO Unibank, Inc. (BDO) disclosed that it has shortened the offer period for its third Peso-denominated ASEAN Sustainability Bond issue. Originally set to run from July 8 to 19,2024, the Bank decided to close the offer period early, on July 16, 2024, following strong demand from both retail and institutional investors.
Metro Global Holdings Corporation remains non-compliant according to the PSE. This is with reference to PSE EDGE Disclosure Notice No. DN00019-2024 dated February 20, 2024 regarding Metro Global Holdings Corporation’s (MGH) non-compliance with the Amended Rule on Minimum Public Ownership (the Amended MPO Rule).
The Board of UnionDigital Bank has accepted the resignation of Henry R. Aguda as President & CEO of the Bank effective August 1, 2024. Aguda hands over the leadership of UnionDigital to Danilo “Bong” J. Mojica II, currently a director of the UnionDigital board.
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BLOGGER Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. PLACE YOUR ADS HERE FOLLOW ME ON FACEBOOK & X Categories
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