Tag: PSE

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Del Monte seeks PSE lifting of trading suspension

Del Monte Pacific Limited (DMPL) said Friday it has asked the Philippine Stock Exchange (PSE) to lift the trading suspension imposed earlier this week after its external auditor issued a disclaimer of opinion on the company’s latest financial statements.

Lawyer Francis Lim named new SEC chairman

President Ferdinand R. Marcos Jr. has appointed lawyer Francis Edralin Lim as the new chairperson of the Securities and Exchange Commission. Executive Secretary Lucas P. Bersamin said on Tuesday that Lim will take over from SEC Chairman Emilio Aquino, whose seven-year term ends on June 6.

PSE partners with Nasdaq to modernize trading with Eqlipse

The Philippine Stock Exchange said Friday it has partnered with partnered with Nasdaq to implement the Nasdaq Eqlipse Trading platform, a significant upgrade in trading infrastructure, aimed at enhancing market liquidity, technological resilience, and investor confidence.

PSE acquires additional 8% stake in PDSHC

The Philippine Stock Exchange Inc. (PSE) announced on Tuesday that it has completed the acquisition of an 8 percent stake in the Philippine Dealing System Holdings Corp. (PDSHC), increasing its ownership to approximately 91 percent.

Megawide lists P5.3B preferred shares on PSE

Megawide Construction Corp. has listed on the Philippine Stock Exchange its Series 6 Preferred Shares that raised P5.3 billion, an amount that is 1.7 times more than the base P3.0 billion offering, underscoring strong investor interest in the listed construction firm.

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OceanaGold sets aside P768.43M for Didipio mine rehabilitation and decommissioning

OceanaGold Philippines Inc. (OGPI) has allocated P768.43 million under its Final Mine Rehabilitation and Decommissioning Plan (FMRDP) for the Didipio gold and copper mine that spans Nueva Vizcaya and Quirino provinces. In a statement released Sunday, the listed mining firm confirmed that P551.4 million has already been placed in a trust fund. The company said the fund will keep growing in line with required annual contributions as it moves forward with rehabilitation and closure preparations while the mine remains active.

ERC approves provisional FIT-All rate hike to P0.3359 Per kWh

The Energy Regulatory Commission (ERC) has granted the National Transmission Corporation (TransCo) provisional authority to collect a higher Feed-in Tariff Allowance (FIT-All) rate starting this month. The rate will rise to P0.3359 per kilowatt-hour (kWh) from the existing P0.2011 per kWh, marking an increase of P0.1348 per kWh. This adjustment covers the approved working capital allowance (WCA) rate update.

Meralco backs ERC-ordered P9.5B consumer refund program

Listed Manila Electric Co., the country’s largest power distributor and better known as Meralco, on Sunday said it will immediately comply with the Energy Regulatory Commission's (ERC) directive to refund about P9.5 billion to customers, backing the government's push to deliver quicker and more transparent electricity bill relief.

PCCI says power bill relief must lead to deeper energy reforms

The Philippine Chamber of Commerce and Industry (PCCI) said the government's plan to scrap systems loss charges and the value-added tax (VAT) on electricity bills should serve as a springboard for broader reforms aimed at lowering power costs and improving the country's investment competitiveness.

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