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PNB capital hike gets SEC’s green light

Tycoon Lucio Tan-led Philippine National Bank has obtained approval from the Securities and Exchange Commission to beef up its authorized capital to P70 billion from P50 billion to make room for expansion.

Posted: July 23rd, 2014 in Headlines | Read More »

ICTSI sells common shares, raises P8.2B for expansion

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International Container Terminal Services Inc. (ICTSI), a listed ports operator headed by businessman Enrique Razon Jr., completed late Tuesday an overnight share offer that raised P8.19 billion to partly fund its expansion plans.

Posted: May 16th, 2013 in Headlines | Read More »

Control test vs grandfather rule

Last week, the Supreme Court issued an entry of judgment on its ruling in June 2011 on the issue of foreign ownership in PLDT where it held that the 60-40 (percent) nationality requirement in public utility corporations, in favor of Filipinos, refers to common shares entitled to vote in the election of directors, not to the totality of the company’s capital stock.

Posted: January 17th, 2013 in Columnists,Inquirer Columns | Read More »

Trans-Asia raises P1.63B from stock rights offering

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Phinma-led Trans-Asia Oil and Energy Development Corp. was able to raise P1.63 billion from the stock rights offering it concluded last week.

Posted: November 26th, 2012 in Headlines | Read More »

AGI jacks up stake in Megaworld

Tycoon Andrew Tan-led Alliance Global Group has cemented its controlling interest in property developer Megaworld Corp. by exercising its right to buy P3.07 billion worth of underlying shares attached to warrants held in the last three years.

Posted: October 8th, 2012 in Headlines | Read More »

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  • Robbery seen as motive for killing of Cherry Pie Picache’s mom
  • Art show standout
  • Cleanup drive
  • ‘Mashup’ of two generations makes ‘Forever Young’ unique
  • Well-deserved accolade for Mr. C
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  • Alibaba stock soars in jubilant trading debut
  • Trading firm gets P1.75-B funding
  • Seized counterfeit goods hit P8B
  • E-trike program may cover co-ops
  • E-trike program may cover co-ops
  • Technology

  • Online piracy thrives in Internet cloud–study
  • Review: Larger iPhones eliminate reason to switch
  • Apple locks itself out of devices with passwords
  • Amazon unveils new Fire tablets and Kindle e-readers
  • Drag queens dress down Facebook over names
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  • A premature campaign speech
  • Fighting corruption in government procurement
  • ‘Speak, Memory’
  • Global Nation

  • 4,000 troops join PH-US war games
  • Traveling Aquino gets updates on ‘Mario’
  • Logo for papal visit unveiled
  • Voilà! Filipino-speaking monsieur surprises Aquino
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