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Monday, May 20, 2024

Business

NexGen Energy eyes P580-million IPO in July 2024

NexGen Energy Corp., a wholly-owned subsidiary of Tiu family’s Pure Energy Holdings Corp. (PEHC), plans to raise up to P580 million from an initial public offering (PO) in July 2024. Based on its filing with the Securities and Exchange Commission, NexGen will sell 300 million primary common shares and up to 45 million secondary shares at an offer price of up to P1.68 apiece. The renewable energy company tapped China Bank...

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January remittances grew 2.5% to $2.67b — BSP data

Money sent home by Filipinos working overseas grew 2.5 percent in January to $2.668 billion from $2.603 billion a year ago, data from the...

PNB income rose 12 times to P31.7b on swap deals

Philippine National Bank said Wednesday consolidated net income amounted to P31.7 billion in 2021, or 12 times higher than the bottom line in 2020,...

ATI bares over P5b in capital spending to modernize ports

Asian Terminals Inc. said Wednesday it will spend more than P5 billion in capital expenditures this year on the upgrade of major port gateways...

Manila Water spent record P13.7b in 2021 to upgrade franchise area

Manila Water Company Inc., a unit of the Ayala Group, said Wednesday capital expenditures hit a record P13.7 billion in 2021, 28 percent higher...

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