It has been lying dormant for decades. So why is the Philippines thinking about reviving this nuclear plant?
Read more from Source (Yahoo): https://ph.yahoo.com/news/philippines-considers-reviving-nuclear-plant-103408824.html
Monday, January 25, 2021
Wednesday, January 20, 2021
Biden signs executive orders reversing Trump decisions on COVID, climate change
Climate change
Biden’s executive order will enable a number of climate change initiatives, including a directive that requires all federal agencies and executive departments to “take appropriate action to address federal regulations and other executive actions taken during the last four years that were harmful to public health, damaging to the environment, unsupported by the best available science, or otherwise not in the national interest,” according to the transition team.
Biden plans to rejoin the Paris Agreement, more than three years after Trump announced that the U.S. would no longer participate in the agreement, formed to coordinate the global response to climate change. Trump’s decision took effect in November.
The new president will also cancel the permit granted by Trump in 2017 for the construction of the Keystone XL pipeline, a project that environmentalists say will harm existing ecosystems and exacerbate the threat of climate change.
Read more from Source (Yahoo News): https://ph.yahoo.com/news/biden-signs-executive-orders-reversing-trump-decisions-on-covid-climate-change-222432186.html
20 Best Stocks to Buy for the Joe Biden Presidency
Former Vice President Joe Biden became the 46th President of the United States on Wednesday, Jan. 20, 2021, and he's looking to hit the ground running.
The president, like virtually all that have come before him, has an ambitious policy agenda to put into effect, including a $2 trillion COVID-relief bill that includes $1,400 stimulus checks to top up the $600 stimulus checks that are already in play. And with the Democrats in control of both branches of Congress and the White House for the first time since the first two years of Barack Obama's first term (2009-11), he should be off to a quick start.
President Biden has pledged to govern as a centrist. But he also has made it very clear that he wants to "Build Back Better" with an emphasis on renewable energy and modern infrastructure. These priorities likely will be warmly embraced by a Democrat-controlled Congress without provoking a filibuster from Republican senators.
Read more from Source (kiplinger.com): https://www.kiplinger.com/investing/stocks/stocks-to-buy/602098/20-best-stocks-to-buy-for-the-joe-biden-presidency?fbclid=IwAR3YHKSxBWCfUz0ot6POGtiB21cyigrKhXPJ3ffJTJlXriNQCHqp2tCnJbQ
DoE clears six firms to serve customers who opt for ‘green’ energy
SIX suppliers of renewable energy, including entities led by Aboitiz and Ayala businesses, have been granted permits to participate in the country’s “green energy option” program, giving them the lead in offering electricity to consumers who prefer cleaner power sources.
On Wednesday, the Department of Energy (DoE) posted on its website the names of the six eligible companies, namely: Bacman Geothermal, Inc.; First Gen Energy Solutions, Inc.; SN Aboitiz Power-Magat, Inc.; SN Aboitiz Power-Res, Inc.; AC Energy Philippines, Inc.; and the Sparc-Solar Powered Agri-Rural Communities Corp.
Mylene C. Capongcol, director of the DoE’s Renewable Energy Management Bureau (REMB), said the six companies are the first ones to file operating permits for the green energy option program, or GEOP.
Read more from Source (bworldonline.com): https://www.bworldonline.com/doe-clears-six-firms-to-serve-customers-who-opt-for-green-energy/?fbclid=IwAR2ViN9TCIyVk7tyMAGskk-sojal1Wl8cucbmb4P8DqBvuugI2ZiIhJhY0A
Tuesday, January 19, 2021
Iron ore price rallies on record-breaking China steel output
Iron ore restocking continues ahead of the Lunar New Year.
Iron ore prices continued to climb on Monday as data revealed record-breaking steel production numbers in China, which forges more steel than the rest of the world combined.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China (CFR Qingdao) were changing hands for $174.07 per tonne, setting a new near-decade high.
Year-to-date, the steelmaking raw material has enjoyed 8.5% gains after an 80% rise last year. The benchmark hit an all-time high of $191.70 in February 2011.
The high-grade Brazilian index (65% Fe fines) also advanced to a near record high of $195.30 a tonne, after rising about 78% over the past year.
Iron ore’s stellar run was largely due to the rising industrial demand from China. Last year, the country produced a record 1.05 billion tonnes of steel, a breakthrough as it is the first time the 1 billion mark has been exceeded.
Read more from Mining.com: https://www.mining.com/iron-ore-price-at-new-near-decade-high/
Filoil group levels up in power industry: Rafael Villavicencio partners with buddy Carey De Venecia in P2.8B backdoor listing of Basic Energy
The Filoil group of young businessman Rafael Villavicencio is expanding into power generation with its P2.8 billion takeover of publicly-listed Basic Energy Corp.
Filoil Gas and Energy Co., one of the leading independent petroleum retailers in the country, has used its parent, MAP 2000 Development Corp. (M2DC), in buying 67 percent of Basic Energy with the purchase of 9.827 billion shares at 28.5 centavos per share as part of the listed firm’s increase in authorized capital stock from P2.5 billion to P5 billion.
“M2DC believes that the Company is a perfect vehicle for its investment in the energy sector,” said Basic Energy in its disclosure.
Basic Energy will use Filoil’s cash infusion to bankroll its 20 percent stake in the development of Iriga geothermal project operated by DESCO, Inc.; and 15 percent stake for a 220-megawatt solar power project in Myanmar operated by Thai firms, Vintage EPC Company and VTE International Construction Company (it has an application for a 50-megawatt wind power plant).
Read more from Bilyonaryo: https://bilyonaryo.com.ph/2021/01/17/filoil-group-levels-up-in-power-industry-rafael-villavicencio-partners-with-buddy-carey-de-venecia-in-p2-8b-backdoor-listing-of-basic-energy/
Monday, January 18, 2021
Doe's Approval Of The Redistribution Of Participating Interests Among The Continuing Partners Including Anglo Philippine Holdings Corporation, And The Assignment Of Philodrill As The Operator Of Sc 53 (Onshore Mindoro)
| Subject of the Disclosure | |
|---|---|
DOE's approval of the redistribution of participating interests among the continuing partners including Anglo Philippine Holdings Corporation, and the assignment of Philodrill as the operator of SC 53 (Onshore Mindoro) | |
| Background/Description of the Disclosure | |
The Company received today, a copy of The Philodrill Corporation's disclosure to the Exchange, as follows:
|
The Request For Redistribution Of Participating Interests Among The Continuing Partners, And The Assignment Of Philodrill As The Operator, Is Hereby Approved. “
| Subject of the Disclosure |
|---|
Approval of the redistribution of participating interests among the continuing partners, and the assignment of Philodrill as the operator of SC 53 (Onshore Mindoro) |
| Background/Description of the Disclosure |
In a letter dated January 11, 2021, which the Company received on January 13, 2021, the DOE advised that:  |
Saturday, January 16, 2021
PHA Catalyst: Timeline of PHA After Releasing a Disclosure - SIGNING OF MEMORANDUM OF AGREEMENT WITH A NEW INVESTOR GROUP (Backdoor Listing Move), What Happened After That?
Some Points To Ponder for Newbies for Future Reaction...
Squidpay buys into Premiere Horizon Alliance for backdoor listing move
Squidpay buys into Premiere Horizon Alliance as a backdoor move to list at the Philippine Stock Exchange.
MANILA - Squidpay, a contactless payment solutions provider, is acquiring 55 percent stake in Premiere Horizon Alliance Corp (PHA) -- to be used as vehicle for its prospective backdoor listing at the Philippine Stock Exchange (PSE).
PHA said in a disclosure on Wednesday that it signed a memorandum of agreement (MOA) with Squidpay on October 29 that will allow the financial technology firm to subscribe to a total of 2.8 billion PHA shares at P0.33 apiece.
A third or P300 million of the P925 million transaction value will be settled by Squidpay in cash, while the rest will be paid via combined cash and stock infusion of Squidpay Technology Inc. (SPT) shares in a period of 2 years.
Since its announcement on October 30, the PSE halted the trading of PHA stocks at P0.355 per share.
Read more from Source: https://news.abs-cbn.com/business/11/11/20/squidpay-buys-into-premiere-horizon-alliance-for-backdoor-listing-move
The Disclosure in October 30, 2020:
SIGNING OF MEMORANDUM OF AGREEMENT WITH A NEW INVESTOR GROUP
| Subject of the Disclosure |
|---|
SIGNING OF MEMORANDUM OF AGREEMENT WITH A NEW INVESTOR GROUP |
| Background/Description of the Disclosure |
We advise that on October 29, 2020, Premiere Horizon Alliance Corporation (the “Company” or “PHA”) entered into a Memorandum of Agreement with an investor group led by Marvin Dela Cruz for the equity infusion through a subscription of a total of 2,803,030,303 shares (the “Subscription Shares”) or up to 55% ownership in PHA. Subscription to these shares will be at Php0.33per share for a total consideration of Php925.0 Million, of which Php300 Million will be in cash and the balance of Php625 Million will be via a combination of cash and/or infusion of Squidpay Technology, Inc (“SPTI”) shares over a period of 2 years, with the intent of making SPTI a subsidiary of PHA. Read more from Source: https://edge.pse.com.ph/openDiscViewer.do?edge_no=738dbe1802ac4af10de8473cebbd6407 PHA Trading Halt: Otober 30, 2020 In view of the materiality, and subject to the Exchange’s further evaluation of the information disclosed by the Company, the Exchange will extend the trading halt on PHA shares today, October 30, 2020. Read more from Source: https://edge.pse.com.ph/openDiscViewer.do?edge_no=ea73e94cc6a8dd9a0de8473cebbd6407 The Price Action of PHA After The Halt Ended and Started Trading Again in November 16, 2020: PHA gap up and was able to make a ceiling on the opening day after the halt ended. Although there's some profit taking at the the beginning, the bulls overcame the onslaught of the bears.  Fast Forward from The Trading Day after The Halt Until The Current Trading Date (Jan. 15, 2021) PHA skyrocketed to 452% from Trading Day After The Halt Until the Current Trading Date (Nov. 16 2020, Jan. 15, 2021)  |
Friday, January 15, 2021
Investors storm into alternative energy funds ahead of Biden presidency
According to Lipper data, alternative energy funds that primarily invest in solar, wind, and water firms around the world saw an inflow of $4 billion in the week ended January 13.
Investors are rushing to invest in alternative energy funds this year on hopes of more green reforms, with President-elect Joe Biden set to take office next week.
According to Lipper data, alternative energy funds that primarily invest in solar, wind, and water firms around the world saw an inflow of $4 billion in the week ended January 13.
They have lured a whopping $5.2 billion in just the first two weeks of 2021, after seeing inflows of $17.1 billion in 2020, the data showed.
Read more from Source:
Real estate firm acquires 67% of Basic Energy: M2DC To Acquire about 9.8 Billion of the Holding Firm’s Primary Shares.
Real estate company MAP 2000 Development Corp. (M2DC) has signed an agreement to acquire 67 percent of Basic Energy Corp. (BSP).
BSC said in a disclosure to the Philippine Stock Exchange that the agreement allows M2DC to acquire about 9.8 billion of the holding firm’s primary shares.
Such shares shall be, pending approval of the Securities and Exchange Commission, issued out of the increase in the authorized capital stock of BSC from P2.5 billion to P5 billion that stockholders approved during their annual meeting held last Oct.23. This will dilute the shares of the current shareholders.
Registered in the Philippines, M2DC is engaged in real estate acquisition, development and management.
Read more from Source: https://business.inquirer.net/314523/real-estate-firm-acquires-67-of-basic-energy#ixzz6jgB2nuOr
AC Energy unit eyes doubling of capital stock
The Ayala group’s power generation arm wants the Securities and Exchange Commission’s go-ahead to again jack up its authorized capital stock, this time almost double, fresh from having secured the green light to again change its name.
AC Energy Philippines Corp. (Acen)—named Phinma Energy Corp. until acquired by Ayala in 2019—said in a disclosure it received notice of the SEC’s approval of its change of name to AC Energy Corp.
Acen’s stockholders approved the change in name in their yearly meeting in April 2020, along with a decision to raise by P24 billion their authorized capital stock to P48.8 billion.
Subscribe to:
Posts (Atom)
