P12.8-B cement plant to boost PH output
THE Trade department on Thursday inaugurated a P12.8-billion cement plant, built by a Japanese firm, that is expected to boost local cement production and reduce the country's dependence on imports.
Trade latest news
Terrafirma acquires Paraiso, Hanapi, Hernandez in trades
MANILA, Philippines – The Terrafirma Dyip stockpiled on young wings after acquiring rookies Didat Hanapi and Paolo Hernandez, as well as sophomore Brent Paraiso, in separate trades.
Why Hyder Amil fights and represents the Philippines
MANILA, Philippines – Why do we fight?
Cirtek requests voluntary suspension for TECHW ahead of delisting
Cirtek [TECH 1.68, up 5.7%; 248% avgVol] [link] requested the PSE to suspend its Bonus Detachable Warrants [TECHW 0.08, up 85.7%; 630% avgVol] on August 13. TECHW holders have until August 16 to exercise their options before the warrants are scheduled to automatically delist on August 19. Any unexercised warrants will expire if they are not exercised before the end of the Exercise Period on August 16.
Senate ethics panel prepares for Binay, Cayetano mediation
MANILA, Philippines — The Senate ethics committee has approved its rules to allow for conciliation talks between rivals Senators Nancy Binay and Alan Peter Cayetano.
Nonoy looks forward to growth at Terrafirma with Standhardinger, Pringle as guides
MANILA, Philippines — Newly drafted by Terrafirma, speedy guard Mark Nonoy is excited to learn from veterans Christian Standhardinger and Stanley Pringle as he begins his PBA career with the Dyip.
Citicore Renewables CEO bought P11.5M worth of CREC
Citicore Renewable Energy [CREC 2.70 unch; 25% avgVol] [link] disclosed that its President and CEO, Oliver Tan, purchased ~4.4 million shares of CREC last week at an average price of P2.61/share, for a total spend of P11.5 million. Mr. Tan bought the shares across 29 transactions ranging in price from a low of P2.47/share to a high of P2.69/share. The buying spree effectively doubled Mr. Tan’s indirect ownership of CREC to approximately 0.1% of CREC’s outstanding shares.
NexGen IPO is today
NexGen [XG 1.68] [link] will hit the open market today for the first time after a successful IPO offer period. XG is a renewable energy subsidiary of Dexter Tiu’s Pure Energy Holdings and is a sister company of Repower Energy Development [REDC 5.50, up 6.0%; 789% avgVol]. Reports indicate that demand was strong enough for XG’s IPO stock to require exercise of the over-allotment option to satisfy subscription applications, but there was no indication that demand exceeded the over-allotment amount. XG will begin trading this morning with a stabilization fund that will run through August 15.