Companies

The Philippine Stock Exchange (PSE) expects a string of initial public offerings (IPOs) to be held in the second half of the year that is expected to raise P100 billion worth of new capital in the equities market.
    

Deca Homes, the premier mass-housing development arm of 8990 Holdings Inc., is supporting the Asia Pacific division championships of the Pony League to be held here beginning July 11.

Major communications firm Globe Telecom (Globe) has stressed the need for the added bandwidth it acquired through a recent lucrative deal to improve Internet service in the country.

Share prices rallied above the 7,800-mark amid raised optimism in the business sector after the oath taking of President Rodrigo Duterte and prospects that the United States (US) interest rate hike will be deferred until next year.

Gokongwei group flagship JG Summit Holdings Inc. (JGSHI) has agreed to purchase 577.2 million shares of Global Business Power Corp. (GBPC) consisting of 423.3 million shares from GT Capital Holdings Inc. and 154 million shares from Manila Electric Co. generation unit PowerGen Corp to expand its exposure in the energy business.

President Duterte’s pro-reform administration will likely to attract foreign direct investment (FDI) inflows, US-based think-tank IHS Global Insight said. 

The Caltex brand of US oil giant Chevron has reformulated its signature additive package with the addition of a new Clean & Glide technology. 

A self-contained classroom, aptly named EGG, will be sent to remote areas through a partnership between the Department of Education (DepEd) and Microsoft Philippines.

By Riza Lozada
 To comply with market regulators’ requirements on a P70-billion megadeal, listed Liberty Telecoms Inc. (LIB) will voluntarily delist from the stock market,  as its shares will be the subject of a tender offer.
  

Listed property giant SM Prime Holdings Inc. will start with the development of its P94 billion reclamation project in the cities of Pasay and Parañaque with a combined size of 600 hectares after getting approval from the next administration.