Philippines

Exercise your Metro Pacific warrants and earn 335%

Metro Pacific Corporation (Stock Code: MPI) announced that its stock warrants acquired through tender offer or purchased in the open market can now be exercised and converted to MPI common shares.

The stock warrants, issued on October 23, 2006, can be converted to MPI common stock at a price of P1.00 per share until December 14.

With MPI’s stock closing at P4.35 on December 12, if you converted those warrants, you are are technically earning P3.35 per share or 335% from the conversion price. That, however, is still gross of associated fees, taxes, and the warrant acquisition cost.

Peso to hit P37.50 in 2008, says CitiGroup

The Philippine Peso might reach P41.50 to the dollar by end-2007, and can further appreciate to P37.50 next year, according to CitiGroup Inc. The global … Read More

Oriental Peninsula IPO price is P2.68

Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.

Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.

The stock is expected to start trading at the Philippine Stock Exchange on December 18.

Oriental Peninsula is a company currently involved in two nickel mining projects in Palawan. It aims to raise P804 million from the IPO which it plans to use for capital expenditures and to augment working capital requirements.

Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum.Â Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.

Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.

Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.

Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.

The stock is expected to start trading at the Philippine Stock Exchange on December 18.

Oriental Peninsula is a company currently involved in two nickel mining projects in Palawan. It aims to raise P804 million from the IPO which it plans to use for capital expenditures and to augment working capital requirements.

Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum.Â Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.

Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.

The stock is expected to start trading at the Philippine Stock Exchange on December 18.

Oriental Peninsula is a company currently involved in two nickel mining projects in Palawan. It aims to raise P804 million from the IPO which it plans to use for capital expenditures and to augment working capital requirements.

Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum.Â Nickel miner Oriental Peninsula Resources Group announced that its initial public offering (IPO) price is P2.68 per share.

Oriental Peninsula is selling up to 300 million common shares, representing 20% of its authorized capital stock. The offering runs from December 6 until December 12.

The stock is expected to start trading at the Philippine Stock Exchange on December 18.

Oriental Peninsula is a company currently involved in two nickel mining projects in Palawan. It aims to raise P804 million from the IPO which it plans to use for capital expenditures and to augment working capital requirements.

Discuss this Initial Public Offering in the IPO Discussion, News and Updates thread in the PMT Forum.Â

Comments and reactions on the Makati standoff

The mutiny aka rebellion aka standoff at Ayala, Makati on November 29 led by Senator Antonio Trillanes IV drew mixed reactions from various groups in the Philippines. One side praised Trillanes and the Magdalo Group for their courage and determination in fighting for what they believe is right. The other criticized their method and was worried about the negative impact it has on the country.
In the PinoyMoneyTalk forum, a number of members voiced opposition against the commotion, albeit a few concurred with what Trillanes did. Here are a few of these comments culled from the discussion thread Trillanes, Lim, walkout from trial, call for GMA ouster; standoff in Makati.

Examples of Online Scams in the Philippines

For several months now, we’ve been receiving emails from people around the world reporting the scam activities of some Filipino scumbags.

We are reprinting below some of these emails in order to warn others against the modus operandi of these horrendous scammers.

Read More

How to transfer PayPal to UnionBank EON account

Having problems withdrawing your Paypal funds to your Unionbank account? Worry no more. here is a step-by-step guide to do just that.

(Those using BPI, BDO or other bank accounts may also refer to this guide since the steps are similar.)

Where to get PayPal EXPUSE Number?

Update: We have received reports that UnionBank has already disallowed the use of “8400” as EXPUSE Number. A few members have said that inputting an incorrect EXPUSE number several times canleads to a Limited PayPal account.

Be warned. Better contact UnionBank to get the EXPUSE number so as not to risk your account.