Business

Prospective investors in Bacolod City and Negros Occidental could have an opportunity to own shares in Mynt Inc., the parent company of GCash, through its planned initial public offering (IPO), according to a press release.BDO Capital president Eduardo Francisco said the final offer price could range from P7.50 to P8.50 per share, below the maximum indicative price of P10, the release stated.The figures remain estimates rather than a final offer price.Independent analysts cited in the release supported a valuation of up to P10 per share, pointing to Mynt’s earnings, cash generation, and potential to expand its customer base and financial services.AB Capital Securities estimated Mynt’s equity value at P531 billion to P834 billion using a discounted cash flow methodology, whi...

Residents of Bacolod City and Negros Occidental looking to invest in Philippine-listed companies can start with as low as P500 through GStocks PH within the GCash app, the company said.The platform, powered by brokerage firm AB Capital Securities, Inc. (ABSCI), allows users to buy shares without a bank account.Users must be at least 18 years old and have a fully verified GCash account, a valid ID, and an email address to register.In a press release, GCash said GStocks PH serves more than 2 million users nationwide, accounting for more than 50 percent of online retail stock market accounts with the Philippine Stock Exchange (PSE).The platform provides access to more than 280 PSE-listed companies.GCash general manager for wealth management Darwin Sy Su said the service fo...

Ahead of October's annual MassKara Festival of Bacolod City, San Miguel Brewery Inc. (SMB) has unveiled the San Miguel Pale Pilsen Limited-Edition MassKara Fiesta Can, paying tribute to the vibrant celebration, culture, and resilience of the "City of Smiles."The new commemorative packaging features design elements inspired by Bacolod's iconic smiling masks, symbolizing the optimism, community pride, and unity of the Negrense spirit. San Miguel Pale Pilsen, the company's flagship brand, aims to highlight its long-standing role as a central part of Filipino gatherings and local heritage.Starting this September, the limited-edition cans will be available exclusively in selected retail stores across Bacolod City and neighboring municipalities at an average retail price (ARP) o...

Arthaland Corporation’s Series G and H preferred shares will be offered from September 14 to 25  with annual dividends up to 7.8 percent.*Retail investors in Negros can now participate in Arthaland Corporation’s (ALCO)  Series G and Series H preferred share offering directly through GStocks PH via the GCash app.Offered by broker AB Capital Securities Inc., the shares are priced at ₱500 each. The Series G shares (ALCPG) offer a dividend rate of 7.3260 percent per annum, while the Series H shares (ALCPH) carry a dividend rate of 7.8105 percent per annum, subject to the terms and conditions of the issue.Preferred shares generally pay fixed dividends and grant holders priority over common shareholders when distributions are made, a press statement from GCash said Tuesday,...

PNA/Yancy Lim photo The Bureau of Internal Revenue (BIR) issued a memorandum circular on Monday,  Sept. 14, removing the value-added tax (VAT) on the allowable system loss charge within the cap approved by the Energy Regulatory Commission (ERC).Memorandum Circular No. 97-2026 circularizes ERC Resolution No. 26 and formally recognizes the allowable system loss charge within the ERC-approved cap as a government-mandated charge excluded from gross sales for VAT purposes.The BIR said it is therefore not subject to output VAT and creditable withholding on VAT.The exclusion, however, does not extend to income tax and the corresponding creditable withholding tax.The BIR said the removal of the VAT on system is in line with President Ferdinand R. Marcos Jr.’s directiv...