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Weak public consumption seen to dampen economic recovery

Weak public consumption seen to dampen economic recovery
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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Dominguez sees economy picking up in 2nd quarter

BusinessWorld
nd quarter
PHILIPPINE STAR/ MICHAEL VARCAS
FINANCE SECRETARY Carlos G. Dominguez III said he expects the country’s gross domestic product (GDP) to grow faster in the second quarter, as the number of coronavirus infections have dropped from April’s peak and more vaccines have arrived.
“There is good news on the horizon, however. In the second quarter of this year, we expect to begin growing our economy again. We see that the second wave of infections that started at the end of March has subsided dramatically. We hope that this will be the last surge,” Mr. Dominguez told a forum on Thursday. ....

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Monde Nissin attracts GIC, Fidelity to $1 billion IPO

BusinessWorld
May 10, 2021 | 11:59 am
Philippine food maker Monde Nissin Corp. is in talks with Singapore state investment fund GIC Pte and Hong Kong insurer AIA Group Ltd. to become cornerstone investors in what could be the country’s biggest-ever initial public offering, according to people familiar with the matter.
Fidelity International and Capital Group Cos. are also in discussions to buy stock in the offering for the Makati-based company, said the people, who asked not to be named as the information is private. Monde Nissin set a final price of P13.50 per share for its IPO, according to a stock exchange filing. That would put the Philippine food maker on track to raise P48.6 billion ($1 billion), according to data compiled by Bloomberg. ....

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Monde Nissin attracts institutional investors to P48.6-billion IPO – Manila Bulletin

Published May 11, 2021, 5:00 AM
Philippine food maker Monde Nissin Corp. is in talks with Singapore state investment fund GIC Pte and Hong Kong insurer AIA Group Ltd. to become cornerstone investors in what could be the country’s biggest-ever initial public offering, according to people familiar with the matter.
Fidelity International and Capital Group Cos. are also in discussions to buy stock in the offering for the Makati-based company, said the people, who asked not to be named as the information is private.
Monde Nissin set a final price of 13.50 pesos per share for its IPO, according to a stock exchange filing. That would put the Philippine food maker on track to raise 48.6 billion pesos ($1 billion), according to data compiled by Bloomberg. ....

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Monde Nissin to Raise $1 Billion in Philippines' Biggest IPO

Monde Nissin to Raise $1 Billion in Philippinesâ Biggest IPO
May 07 2021, 5:37 AM
May 06 2021, 8:58 AM
May 07 2021, 5:37 AM
(Bloomberg) Monde Nissin Corp. has set a final price of 13.50 pesos per share for its initial public offering, putting the Philippine food maker on track to raise $1 billion in the nationâs biggest ever first-time share sale.
(Bloomberg) Monde Nissin Corp. has set a final price of 13.50 pesos per share for its initial public offering, putting the Philippine food maker on track to raise $1 billion in the nationâs biggest ever first-time share sale.
The producer of the Southeast Asian countryâs best-selling instant noodle brand Lucky Me! is selling 3.6 billion shares at that price, it said in a letter to the local stock exchange on Thursday. Thatâs lower than the 17.50 pesos maximum price indicated in its IPO filing. ....

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