Notes: Yes..go abroad and earn dollar...
2. EasyCall Communications Philippines, Inc (ECP)'s mother company will sell some shares to prepare of the Minimum Public Ownership (MPO), which will be 20%. TDG Ventures Inc. (TVI) (a wholly-owned subsidiary of Transnational Diversified Corporation) owns 84.93%
Notes: For last one year, its price surged from 2.91 peso to around 76 peso. Maybe it's because of the expectation of the 3rd telco player. Now they gonna sell some? Hmmm
3. Morgan Stanley has upgraded Globe Telecom, Inc. (GLO) from underweight to overweight.
Notes: What? They have some to sell?
4. Aboitiz family-led Union Bank of the Philippines (UBP) aims to double its small and medium enterprise client base to half a million this year. Visa and UnionBank launched their partnership called Visa B2B, a business solution platform that allows financial institutions to provide their clients fast and secure cross-border payments. The platform uses the so-called “blockchain technology,” which allows the transfer of funds real time or the next day at the most instead of around three to five days.
Notes: cross border? means even abroad? it's not using SWIFT code system? hmmm.
5. The Bases Conversion and Development Authority (BCDA) yesterday broke ground for the National Government Administrative Center (NGAC) at the New Clark City within the Clark Special Economic Zone in Capas and Bamban towns in Tarlac. The 60-hectare NGAC will be home to government satellite offices that ensures continued operations if government grinds down to a halt in Metro Manila.
Notes: National Government will transfer? Administrative capital? will it affect property value surrounding area? Looks like Clark area will really grow.
6. The Department of Energy (DOE) has published the guidelines on the Philippine Conventional Energy Contracting Program (PCECP) that updated the country’s rules and regulations in opening petroleum and natural gas explorations to interested developers. The major change introduced by the agency is that it now allows private sector to propose for developments all throughout the year compared to the previous rule where developers had to wait for the DOE to open the contracting round. For PSCs proposed under this circular, an option shall be reserved for the PNOC (Philippine National Oil Co.) or PNOC-EC (PNOC-Exploration Corp.) for a maximum of 10 percent participating interest.
6. The Department of Energy (DOE) has published the guidelines on the Philippine Conventional Energy Contracting Program (PCECP) that updated the country’s rules and regulations in opening petroleum and natural gas explorations to interested developers. The major change introduced by the agency is that it now allows private sector to propose for developments all throughout the year compared to the previous rule where developers had to wait for the DOE to open the contracting round. For PSCs proposed under this circular, an option shall be reserved for the PNOC (Philippine National Oil Co.) or PNOC-EC (PNOC-Exploration Corp.) for a maximum of 10 percent participating interest.