by Jan Michael Carpo, Reporter In its second venture into the local debt market, the San Miguel-led Bank of Commerce raised PhP 6.57 billion recently from institutional and ordinary investors through its peso bond offering. The fundraising effort was oversubscribed, surpassing the initial target of PhP 5 billion. Security personnel at a Bank of Commerce […]
Last December, Citicore Renewable Energy Corporation (CREC) announced that it had filed a registration statement with the Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its common shares. Under the terms of the offer, CREC plans to issue up to 2,900,000,000 shares, at a price of up to Php3.88 per […]
Starting October 2, mobile e-wallet GCash will be charging a “convenience fee” for withdrawals done via Bank of the Philippine Islands (BPI) and UnionBank. In the meantime, cashing out using GCash will still be free of charge according to the app’s help center. There are approximately 77 million GCash users as of March 2023 (CREDIT: […]
