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PSE has until 2025 to spend money it raised in 2018 - philstar.com - Philippines

PSE has until 2025 to spend money it raised in 2018

The PSE [PSE 190.50, up 1.4%] [link] disclosed that its board of directors voted to approve an extension of the timeline for its disbursement of the P2.8 billion in net proceeds that it raised through a 2018 stock rights offering (SRO). Over 56% of the proceeds were supposed to have been used to acquire the PDS Group (PDS), but the SEC didn’t allow the PSE to acquire 100% of PDS until December of 2023. The PSE’s acquisition of PDS is scheduled for “2024 - 2025” under the new timeline of disbursement for the P1.58 billion earmarked for this purchase.

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Paul George - Playoff push underway 820 NBA Games down, 410 to go - philstar.com - Philippines - Los Angeles - Serbia - state Golden - state Minnesota - city Boston - city Los Angeles - city Oklahoma City - city Manila, Philippines

Playoff push underway 820 NBA Games down, 410 to go

MANILA, Philippines — There’s no NBA player who is a bigger fan of harness racing than Denver’s. He owns horses, goes to tracks whenever he can and even accepted one of his MVP awards while riding around at his farm in Serbia.

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Mark Ernest Villeza - 700 UST alumni sign petition vs campus repression - philstar.com - Philippines - city Santo - city Manila, Philippines

700 UST alumni sign petition vs campus repression

MANILA, Philippines — Over 700 University of Santo Tomas alumni yesterday signed a petition calling on the UST administration for accountability and to end campus repression.

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Abac Cordero - Inoue, Ancajas come face to face - philstar.com - Philippines - Usa - Japan - county Del Norte - city Tokyo

Inoue, Ancajas come face to face

TOKYO – Reigning WBA bantamweight champion Takuma Inoue wore his poker face in Thursday’s final press conference and said the nicest things about his Filipino challenger Jerwin Ancajas.

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Abac Cordero - Apolinario recovers from knockdown to stop Thai foe - philstar.com - Thailand - city Tokyo

Apolinario recovers from knockdown to stop Thai foe

TOKYO – Former IBO flyweight champion Dave Apolinario recorded a spectacular come-from-behind, fourth-round knockout win over Tanes Onjunta of Thailand Thursday night in a non-title fight at the Korakuen Hall here.

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PGA Tour Player Blog: Winning The Genesis Invitational - philstar.com - Japan

PGA Tour Player Blog: Winning The Genesis Invitational

Japanese golf star Hideki Matsuyama rewrote a slice of golf history when he became the most prolific Asian-born winner on the PGA Tour following his ninth career victory at The Genesis Invitational, a tournament hosted by Tiger Woods and the third Signature Event of the season. The 2021 Masters champion came from six strokes back to triumph by three at The Riviera Country Club to break a tie for most wins with K.J. Choi of Korea following a tournament-record final round of 9-under 62.

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Metro Pacific 'exploring' purchase of Ayala Corp.’s LRT-1 stake - philstar.com - Philippines - city Manila

Metro Pacific 'exploring' purchase of Ayala Corp.’s LRT-1 stake

Back in mid-January, news broke that Ayala Corp. [AC 714.50, up 0.6%] [link] was looking to sell its 35% stake in Light Rail Manila Corp. (LRT-1) to the Villar Group, but that AC’s co-investor, Metro Pacific Investments (MPI), had the right of first refusal under its shareholders agreement. Now comes news from MPI that it is “interested” [link] in exercising its right as buying AC’s stake in LRT-1 would “make it easier for [MPI] to move if [LRT-1] were majority-owned, fully under the control of MPIC.” AC is selling its 35% stake in LRT-1 to re-align its portfolio away from infrastructure and toward property, telecom, and energy. MPI already has a 35.8% stake in LRT-1, so acquiring the AC stake would give MPI a 70.8% stake and complete control of LRT-1. 

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Bill No - Press Release - Maritime Zones Act hurdles 2nd Reading in Senate - legacy.senate.gov.ph - Philippines - city Manila

Press Release - Maritime Zones Act hurdles 2nd Reading in Senate

MANILA -- Senate Bill No. 2492 known as the Philippine Maritime Zones Act principally authored by Senator Francis "Tol" Tolentino hurdled the Second Reading at the Senate on Wednesday after series of individual amendments.

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