Republic Act 9505 or the PERA Act of 2008
A new law that hopes to encourage Filipinos to invest more of their savings in high yield products has been signed recently. The PERA Law or Personal Equity and Retirement Account will be implemented by the Bangko Sentral ng Pilipinas (BSP) next year.
BSP Governor Amando M. Tetangco Jr., one of the signatories of the implementing [...]
October 22, 2009
Tags: Banks, Business, Filipino, finance, investments, money, OFWs, PERA Law of 2008, Philippines, RA 9505, Republic Act 9505, shares of stocks Posted in: Announcement, Government, Philippine business news, Philippines, banking, finance, investments, money 
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An IPO from San Miguel in the next three years
Here’s a good investment opportunity for those who want to try the stock market. The San Miguel Energy Corp. (SMEC), the energy investment arm of food and beverage giant of San Miguel Corp. will be conducting an initial public offering (IPO) within the next three years.
The IPO plan of San Miguel, according to SMC president [...]
September 3, 2009
Tags: finance, initial public offering, investment, investments, IPO, money, news, Philippines, PSALM, San Miguel, SMEC, stocks, trading Posted in: Announcement, IPO, Philippine business news, Philippines, Stock Market, finance, investments, money No Comments
SkyCable targets larger broadband market
Aside from being one of the top television media outfits, the Lopez-controlled ABS-CBN Broadcasting Corp. is also targeting the broadband industry, as SkyCable aims to expand its broadband service in Metro Manila.
ABS-CBN chief financial officer Rolando Valdueza said they would need additional P600 million this year to expand its broadband presence in Metro Manila. The [...]
August 13, 2009
Tags: ABS-CBN, broadband, internet, investments, Sky Broadband, SkyCable Posted in: Philippine business news No Comments
San Miguel Corp. investing in an expressway project
The San Miguel Corp., the country’s biggest food and beverage conglomerate is looking to diversify as it looks into taking part in a road construction project.
SMC has signed a non-binding deal with PIDC (Private Infrastructure Development Corp.) to acquire a significant stake in the P15.36-billion Tarlac-Pangasinan-La Union Toll Expressway project.
San Miguel president Ramon Ang said, [...]
July 20, 2009
Tags: DPWH, infrastructure, investments, North Luzon, PIDC, road construction, San Miguel, SMC Posted in: Uncategorized No Comments
