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Alphaland to seek reconsideration of PSE delisting order

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ALPHALAND Tower on Ayala Avenue. FILE PHOTO

Businessman Roberto V. Ongpin is determined to challenge an order issued by the Philippine Stock Exchange to delist Alphaland Corp. while assuring stakeholders that it would be business as usual in all of the property developer’s projects such as upscale membership clubs in Makati and Balesin Island.

Posted: September 10th, 2014 in Latest Business Stories | Read More »

Trade groups go to court over ‘alphalist’ demand

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The Supreme Court on Tuesday stopped the Bureau of Internal Revenue, the Department of Finance and the Securities and Exchange Commission from requiring firms to disclose an alphabetical list (alphalist) of investors who receive income payments and dividends, a regulation that has stirred concerns of capital flight and its crippling effects on the economy.  INQUIRER FILE PHOTO

Five capital market and banking institutions and one private investor group have asked the Supreme Court to reverse the implementation of various regulations requiring the submission of an alphabetical list (alphalist) of portfolio investors receiving income payments and dividends.

Posted: September 6th, 2014 in Headlines,Latest Business Stories | Read More »

Philex Petroleum subsidiary exits Octon block

philex

Pitkin Petroleum Plc., a unit of Philex Petroleum Corp., has dropped out of a farm-in agreement with a consortium of local oil and gas firms for Service Contract 6A (SC6A) located in northwest Palawan.

Posted: September 5th, 2014 in Headlines,Latest Business Stories | Read More »

Vista Land raises $125M via debt issue

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SCREENGRAB from www.vistaland.com.ph

Villar-led property developer Vista Land & Lifescapes has raised $125 million from the fresh issuance by a subsidiary of new five-year debt notes intended for listing on the Singapore Exchange Securities Trading Ltd. (SGX).

Posted: September 5th, 2014 in Headlines,Latest Business Stories | Read More »

Groups ask SC to stop new BIR regulation on stock payments, others

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The Supreme Court  building PHOTO BY NIÑO JESUS ORBETA

Business, banking and financial sectors on Thursday asked the Supreme Court to stop the implementation of a Bureau of Internal Revenue Regulation requiring the disclosure on stock payments, dividends and details about investors.

Posted: September 4th, 2014 in Latest Business Stories | Read More »

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