Corporate
SEC okays Oceanagold IPO
The Securities and Exchange Commission has approved the initial public offering of Oceanagold (Philippines) Inc. seen generating P7.88 billion from investors.
SM Prime plans immediate bond sale of P25 billion from a P100-billion shelf registration
Shopping mall operator SM Prime Holdings Inc. has sought the shelf registration of P100 billion worth of bonds at the Securities and Exchange Commission.
Previous year’s gain from accounting adjustments weigh on ACEN results for 2023
ACEN Corp., the listed energy platform of the Ayala Group, said Tuesday net income last year stood at P7.4 billion, down 43 percent from 2022 when bottomline included P8.6 billion in gains from various accounting adjustments.
Steady expansion drives Jollibee profit in 2023
Jollibee Foods Corp., one of the largest Asian food service companies, said Tuesday its net income in 2023 increased 16 percent year-on-year to P8.77 billion on strong sales and improve operating margins.
Mining firm to spend P400M to test additional prospects
The multinational OceanaGold Corp. has budgeted USD7 million or P388 million prospecting for mine sites in the Philippines.
