PSE sets P200-B capital-raising target
May 25, 2021 | 12:34 am
Keren Concepcion G. Valmonte
THE PHILIPPINE Stock Exchange (PSE) is hoping at least P200 billion in capital will be raised at the stock market this year, as it seeks to encourage more small companies to list their shares.
“I hope that at least P200 billion of capital will be raised at the Philippine Stock Exchange,” Ramon S. Monzon, president and chief executive of the bourse operator, told
BusinessWorld in a video call on Thursday.
If achieved, this would be nearly double the P104-billion capital raised at the PSE in 2020.
The pipeline for capital-raising activities is seen to be robust with companies like Monde Nissin Corp. and Del Monte Philippines, Inc. (DMPI) planning mega-initial public offerings (IPOs) and firms launching their own real estate investment trusts (REITs).
Published April 2, 2021, 1:00 PM
The notices of disallowance (NDs) on the tax credit certificates (TCCs) issued to several textile companies over a decade ago continue to pile up, with the Commission on Audit (COA) having invalidated so far close to P1.2 billion-worth of these illegal tax perks.
The TCCs issued by One-Stop Shop Inter-Agency Tax Credit and Duty Drawback Center (OSS) between 2008 and 2014 to six textile firms were found illegal by COA, the Department of Finance (DOF) said on Wednesday, March 31.
Last year, the COA-Special Audits Office (COA-SAO) also issued NDs to these six textile companies amounting to a combined P818.6 million.
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