PSE targets 14 IPOs for 2023

THE Philippine Stock Exchange (PSE) is targeting 14 initial public offerings (IPOs) for the year, expressing its optimism for the year of the Water Rabbit. The potential listing applicants include 11 companies and real estate investment trust that will list on the main board and the remaining three are firms that are expected to debut […]

Fire hits 3 sitios in Punta Princesa

(UPDATED) An early evening fire hits three sitios in Barangay Punta Princesa, Cebu City on Saturday, June 11, 2022.Based on an initial report provided by the Cebu City Fire Office (CCFO), the fire first started in Sitio Tuburan, Barangay Punta Princesa at 5:53 p.m.The fire reportedly started at the house of a certain Jocelyn Daniel. […]

Gov’t fully awards T-bills

THE GOVERNMENT fully awarded the Treasury bills (T-bills) it offered on Monday as rates moved sideways amid strong demand for short-term debt papers and expectations of aggressive rate hikes from central banks due to growing inflation risks. The Bureau of the Treasury (BTr) raised P15 billion as planned via T-bills at its auction on Monday […]

Strong demand for PHL’s first sustainability Samurai bond 

THE PHILIPPINES’ maiden issuance of sustainability bonds in Japan attracted strong demand, which Finance Secretary Carlos G. Dominguez III said reflects increasing investor confidence in the country’s commitment to climate change mitigation.  The Philippines on Tuesday raised 70.1 billion Japanese yen or P29 billion from an offering of four-tranche sustainability bonds. The bonds had five-year, […]

Gov’t partially awards T-bills

THE GOVERNMENT partially awarded the Treasury bills (T-bills) it offered on Monday as yields continued to rise amid expectations of more aggressive rate hikes from the US Federal Reserve. The Bureau of the Treasury (BTr) only awarded P5 billion in 91-day T-bills at its auction on Monday even as total tenders reached P35.804 billion, over […]

Gov’t fully awards Treasury bills as yields drop on inflation bets

THE GOVERNMENT fully awarded the Treasury bills (T-bills) it offered on Monday as rates dipped amid lower inflation expectations. The Bureau of the Treasury (BTr) raised P25 billion as planned via the T-bills on Monday, with total tenders reaching P83.705 billion, making the offer over three times oversubscribed. However, demand declined from the P97 billion […]

Digital asset management agency Blofin raises US$10 million in A+ round investment, led by Susquehanna International Group (SIG)

BEIJING, Mar 31, 2021 – (ACN Newswire via – Blofin has raised US$10 million in its series A+ round of financing, led by SIG, followed by Matrix, Lingfeng Capital, Superchain Capital, Jackdaw Capital and others. Digital asset manager Blofin has raised US$10 mil A+ round investment led by SIG. At present, Blofin’s current global […]