By Doris Dumlao-Abadilla | Philippine Daily Inquirer - December 8, 2015
Shares of Italpinas Development Corp. (IDC) surged following the real estate company’s stock trading debut amid a scant public float on Monday, riding on buoyant regional markets and favorable growth prospects in the countryside.Overall market sentiment was upbeat but some investors pocketed gains in intra-day trade, thus curbing IDC’s rise after hitting the daily price ceiling.IDC opened 50 percent higher at P5.40 a share on its inaugural trading at the PSE’s small, medium and emerging board, from an initial public offering (IPO) price of P3.60 a share.
By Iris Gonzales | The Philippine Star - November 19, 2015
MANILA, Philippines - Italpinas Development Corp. has set its offer price at P3.60 per share. This represents a significant discount to the earlier announced maximum offer price of P4.20 per share. Italpinas hopes to raise as much as P207.3 million from its initial public offering of shares. It is set to debut on the Philippine Stock Exchange on Dec. 7, which will make it the fourth company to brave a volatile market this year after Crown Asia and SBS Philippines. Metro Retail Stores Group is slated to list on Nov. 24.
By Cesar Stefan Rago | PR & Marketing Officer - November 18, 2015
IFC (International Finance Corporation, a member of the World Bank Group), is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, IFC uses its capital, expertise and influence to create opportunity where it’s needed most. In Fiscal Year 15, its long-term investments in developing countries rose to nearly $18 billion, helping the private sector play an essential role in the global effort to end extreme poverty and boost shared prosperity.
By Jennylei Caberte | The Philippine Star - November 16, 2015
Urban city life offers one a plethora of economic and many other opportunities but none of the finer quality of a meaningful life. This is something that makes many Filipinos in metropolitan centers consider the option of going back to their roots in the provinces.
Regrettably, in Manila-centric Philippines, living in secondary cities may prove to be difficult due to the inadequacy of urban amenities that are at par with those available in Metro Manila.
One of these amenities, quality housing, is what Italpinas Development Corp. (IDC), a sustainable real estate firm, aims to provide their clients desiring life in secondary cities.