{"id":168551,"date":"2018-07-01T20:37:06","date_gmt":"2018-07-02T00:37:06","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=168551"},"modified":"2018-07-01T20:37:06","modified_gmt":"2018-07-02T00:37:06","slug":"capital-raising-at-record-high-in-h1","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/07\/01\/capital-raising-at-record-high-in-h1\/","title":{"rendered":"Capital raising at record high in H1"},"content":{"rendered":"<figure id=\"attachment_45360\" aria-describedby=\"caption-attachment-45360\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-45360\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-3.jpg\" alt=\"\u201cThe Exchange is pleased to be a conduit in the growth of listed companies by serving as a venue for capital raising. We are also delighted to have already reached 75 percent of our target capital raising amount for the year,\u201d Monzon added. (Shutterstock photo)\" width=\"1000\" height=\"664\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-3.jpg 1000w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-3-300x199.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-3-900x598.jpg 900w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/pesos-money-peso-3-600x398.jpg 600w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption id=\"caption-attachment-45360\" class=\"wp-caption-text\">\u201cThe Exchange is pleased to be a conduit in the growth of listed companies by serving as a venue for capital raising. We are also delighted to have already reached 75 percent of our target capital raising amount for the year,\u201d Monzon added. (Shutterstock photo)<\/figcaption><\/figure>\n<p><strong>MANILA\u00a0<\/strong>&#8212; Capital raised at the Philippine Stock Exchange (PSE) was at a record high of PHP150.01 billion in the first half of 2018. The amount raised in the first six months was 40.5 percent higher than the PHP106.74 billion recorded in the same period last year.<\/p>\n<p>The capital raising activities from January to June 2018 consisted of stock rights offerings by PetroEnergy Resources Corporation, Robinsons Land Corporation, Integrated Micro-Electronics, Inc., The Philippine Stock Exchange, Inc., Metropolitan Bank &amp; Trust Company, and Bank of the Philippine Islands and the initial public offering of D.M. Wenceslao and Associates, Incorporated.<\/p>\n<p>There were also private placements in IRC Properties, Inc., China Banking Corporation, Basic Energy Corporation, and Golden Bria Holdings, Inc.<\/p>\n<p>\u201cMarket volatilities did not hamper the expansion plans of our listed companies. This is an indicator that they are set on completing their business initiatives amidst a robust domestic economy,\u201d said PSE President and Chief Executive Officer Ramon Monzon.<\/p>\n<p>\u201cThe Exchange is pleased to be a conduit in the growth of listed companies by serving as a venue for capital raising. We are also delighted to have already reached 75 percent of our target capital raising amount for the year,\u201d Monzon added.<\/p>\n<p>More fund-raising activities are expected to be completed in the next two months via follow-on offerings and stock rights offering.<\/p>\n<p>\u201cWhile the stock market has experienced a sharp decline from its all-time high early this year, we expect the country\u2019s sound economic fundamentals to continue to encourage listed companies and potential issuers to raise capital through the equities market and to attract investors to participate in the offerings,\u201d he noted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; Capital raised at the Philippine Stock Exchange (PSE) was at a record high of PHP150.01 billion in the first &hellip;<\/p>\n","protected":false},"author":33,"featured_media":45360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[6686,52420,18062,52418,3258,52419,52421],"class_list":["post-168551","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bank-of-the-philippine-islands","tag-integrated-micro-electronics-inc","tag-metropolitan-bank-trust-company","tag-petroenergy-resources-corporation","tag-philippine-stock-exchange","tag-robinsons-land-corporation","tag-the-philippine-stock-exchange","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/168551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=168551"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/168551\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/45360"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=168551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=168551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=168551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}