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  • Pure Energy seeks to raise P1.6B via IPO

    March 24, 2017 4:32 PM 3

    The Securities and Exchange Commission (SEC) has approved a plan of Pure Energy Holdings Corp. to raise as much as P1.6 billion through an initial public offering. Pure Energy plans to sell 930 million primary shares at a maximum price of P1.62 per share. Some 46.5 million in secondary shares have been earmarked as over allotment option. The offering

  • Pure Energy IPO gets regulator approval

    March 24, 2017 7:53 AM 4

    MANILA - The Securities and Exchange Commission has approved the P1.58-billion initial public offering of clean energy and bulk water firm Pure Energy Holdings Corp. Pure Energy will sell 930 million common shares with an option to sell another 46.5 million shares at an offer price of up to P1.62 per share, according to a stock exchange filing. The company

  • Old peso bills get reprieve of 3 months

    March 24, 2017 6:38 AM 5

    Due to public clamor, the Bangko Sentral ng Pilipinas (BSP) has given those in the possession of old peso bills another three months to exchange the soon-to-be-demonetized currency to the new series. BSP Deputy Gov. Diwa C. Guinigundo on Thursday told reporters that the policy-setting Monetary Board recently decided to extend until June 30 the deadline

  • ANZ sees hike in BSP rates in Q3 ‘17

    March 24, 2017 3:24 AM 7

    Melbourne-headquartered ANZ forecasts a hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates in the third quarter of 2017 as demand is seen to push inflation higher. In a research note issued Thursday, ANZ said it continues to see an increase in the BSP rates despite the central bank’s policy-making Monetary Board’s (MB) decision to cut inflation

  • US building case against N. Korea on cyber heist

    March 24, 2017 3:14 AM 4

    NEW YORK: US prosecutors are building potential cases that would accuse North Korea of directing the theft of US$81mil from Bangladesh Bank’s account at the Federal Reserve Bank of New York last year, and that would charge alleged Chinese middlemen, the Wall Street Journal reported. The US Federal Bureau of Investigation (FBI) believed that North Korea

  • North Korea eyed in $81-M Bangladesh theft — report

    March 23, 2017 5:07 PM 3

    WASHINGTON, DC — US federal prosecutors suspect the North Korean government directed last year’s theft of $81 million from Bangladesh’s account at the New York Federal Reserve Bank, according to a media report Wednesday. Citing unnamed sources, The Wall Street Journal said prosecutors were developing cases showing Chinese middlemen helped the North Korean

  • US cases link North Korea to theft of $81-M Bangladesh fund at NY Fed

    March 23, 2017 4:05 PM 4

    Federal prosecutors are building cases that would accuse North Korea of directing one of the biggest bank robberies of modern times, the theft of $81 million from Bangladesh’s account at the Federal Reserve Bank of New York last year, according to people familiar with the matter. The charges, if filed, would target alleged Chinese middlemen who, prosecutors

  • BTr to sell retail bonds next week

    March 23, 2017 3:20 PM 5

    The Duterte administration will sell its second retail bonds targeted at local small investors next week, the Bureau of the Treasury (BTr) announced yesterday. National Treasurer Rosalia V. de Leon said the government will sell at least P30 billion worth of three-year treasury retail bonds (RTBs) during the price-setting auction on Tuesday next week. “We want more Filipinos

  • Singapore prime minister in Vietnam to up trade, investment

    March 23, 2017 9:07 AM 6

    Vietnam and Singapore signed several business agreements Thursday during a visit by Prime Minister Lee Hsien Loong aimed at boosting the island state’s investment and trade with the communist country. Two of the six memorandums of understanding witnessed by Lee and his Vietnamese counterpart Nguyen Xuan Phuc were for industrial parks to be developed

  • Filipino, Chinese firms launch wind and solar power plants

    March 23, 2017 8:55 AM 5

    DAVAO CITY -- Filipino and Chinese companies launched here on Thursday $43 million in wind and solar energy projects that will be built in the northern Philippines. Energy Logics Philippines Inc and Qingdao Hengshun Zhongsheng Group Co, will build a 132-megawatt plant in Burgos and a 100-megawatt facility in Pasuquin, both in Ilocos Norte. "[It is] the biggest