West Zone Maynilad Water Services Inc. announced plans to raise up to P43.78 billion in an initial public offering (IPO) at the Philippine Stock Exchange (PSE).
Cebu-based Top Line Business Development Corp. is in advanced discussions with a strategic investor ahead of its upcoming initial public offering (IPO) and listing on the Philippine Stock Exchange (PSE) in early April. The company aims to raise some ₱764 million from the sale of up to 2.14 billion primary shares, priced at an indicative ₱0.38 per share.
Upson International Corp., a retailer of personal computers and information technology products, has secured the approval of the Philippine Stock Exchange (PSE) for its P4.88 billion initial public offering.
The Philippine Biodiesel Association (TPBA) is urging the government to weigh the full benefits of biofuels as lawmakers deliberate on House Bill 4151, or the Murang Langis Act, which would allow the President to suspend the mandated coco-biodiesel blend when blended diesel becomes at least five percent more expensive than pure diesel. The group said it recognizes the bill’s intention to protect consumers but stressed the need to assess its broader effects on motorists, farmers, and public health.
The various fuel retailers expect mixed pump price movements this week, with gasoline set for a slight rollback and diesel and kerosene poised to rise.
The Bank of the Philippine Islands and BPI/MS Insurance Corp. have introduced BPI Kaya Care Critical Illness Insurance, a low-cost plan designed to give Filipinos easier access to protection against major health threats.