Latest news with #PBA
GMA Network
6 hours ago
- Sport
- GMA Network
TNT gets Jordan Heading, Converge receives Mikey Williams
It's official: Jordan Heading is going to TNT, while Mikey Williams will be sent to Converge. The PBA on Monday approved the said trade. Heading has been with Converge since 2024, but has not played in the ongoing PBA Philippine Cup due to a back injury. Heading is expected to help TNT in its Grand Slam bid, especially with Jayson Castro out due to injury. Williams, meanwhile, has not played in the PBA since April 2023 when TNT won the Governors' Cup then. However, he played with the Strong Group Athletics last January in the Dubai International Basketball Championship. Rumors and reports of the said trade surfaced last week as Heading was seen watching a TNT game against Terrafirma last May 28. —JKC, GMA Integrated News
Globe and Mail
3 days ago
- Business
- Globe and Mail
Pembina Pipeline Corporation Announces Redemption of Series 19 Preferred Shares
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its intention to redeem its issued and outstanding Cumulative Redeemable Floating Rate Reset Class A Preferred Shares, Series 19 ("Series 19 Shares") (TSX: on June 30, 2025 (the "Redemption Date"). This press release features multimedia. View the full release here: Pembina intends to redeem all of its 8,000,000 issued and outstanding Series 19 Shares, in accordance with the terms of the Series 19 Shares, as set out in the Company's articles of amalgamation dated October 2, 2017 on the Redemption Date for a redemption price equal to $25.00 per Series 19 Share (the "Redemption Price"), less any tax required to be deducted or withheld by the Company. The total redemption price to Pembina will be $200 million. As previously announced, the dividend payable on June 30, 2025, to holders of the Series 19 Shares of record on June 16, 2025, will be $0.292750 per Series 19 Share. This will be the final quarterly dividend on the Series 19 Shares. Upon payment of the June 30, 2025, dividend, there will be no accrued and unpaid dividends on the Series 19 Shares as at the Redemption Date. The Company has provided notice today of the Redemption Price and the Redemption Date to the sole registered holder of the Series 19 Shares in accordance with the terms of the Series 19 Shares, as set out in the Company's articles of amalgamation dated October 2, 2017. For non-registered holders of Series 19 Shares, no further action is required however, they should contact their broker or other intermediary with any questions regarding the redemption process for the Series 19 Shares in which they hold a beneficial interest. The Company's transfer agent for the Series 19 Shares is Computershare Investor Services Inc. Questions regarding the redemption process may also be directed to Computershare at 1-800-564-6253 or by email to corporateactions@ About Pembina Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 70 years. Pembina owns an extensive network of strategically-located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit Purpose of Pembina: We deliver extraordinary energy solutions so the world can thrive. Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division. Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit Forward-Looking Information and Statements This news release contains certain forward-looking information and statements (collectively, "forward-looking statements"), including forward-looking statements within the meaning of the "safe harbor" provisions of applicable securities legislation, that are based on Pembina's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as "continue", "anticipate", "schedule", "will", "expects", "estimate", "potential", "planned", "future", "outlook", "strategy", "project", "trend", "commit", "maintain", "focus", "ongoing", "believe" and similar expressions suggesting future events or future performance. In particular, this news release contains forward-looking statements relating to, without limitation, the timing, Redemption Price and process applicable to the redemption of the Series 19 Shares. The forward-looking statements are based on certain assumptions that Pembina has made in respect thereof as at the date of this news release regarding, among other things: oil and gas industry exploration and development activity levels and the geographic region of such activity; the success of Pembina's operations; prevailing commodity prices, interest rates, carbon prices, tax rates and exchange rates; the ability of Pembina to maintain current credit ratings; the availability of capital to fund future capital requirements relating to existing assets and projects; future operating costs; geotechnical and integrity costs; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner; prevailing regulatory, tax and environmental laws and regulations; maintenance of operating margins; and certain other assumptions in respect of Pembina's forward-looking statements detailed in Pembina's Management's Discussion and Analysis and Annual Information Form for the year ended December 31, 2024 and from time to time in Pembina's public disclosure documents available at and through Pembina's website at Although Pembina believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including, but not limited to: the regulatory environment and decisions; Indigenous and landowner consultation requirements; the impact of competitive entities and pricing; reliance on third parties to successfully operate and maintain certain assets; the strength and operations of the oil and natural gas production industry and related commodity prices; non-performance or default by counterparties to agreements which Pembina or one or more of its affiliates has entered into in respect of its business; actions by governmental or regulatory authorities; the ability of Pembina to acquire or develop the necessary infrastructure in respect of future development projects; fluctuations in operating results; adverse general economic and market conditions in Canada, North America and worldwide; risks relating to inflation; the ability to access various sources of debt and equity capital; changes in credit ratings; counterparty credit risk; and certain other risks and uncertainties detailed in Pembina's management's discussion and analysis and annual information form, each for the year ended December 31, 2024, and from time to time in Pembina's public disclosure documents available at and through Pembina's website at
National Post
3 days ago
- Business
- National Post
Pembina Pipeline Corporation Announces Redemption of Series 19 Preferred Shares
Article content CALGARY, Alberta — Pembina Pipeline Corporation ('Pembina' or the 'Company') (TSX: PPL; NYSE: PBA) announced today its intention to redeem its issued and outstanding Cumulative Redeemable Floating Rate Reset Class A Preferred Shares, Series 19 ('Series 19 Shares') (TSX: on June 30, 2025 (the 'Redemption Date'). Pembina intends to redeem all of its 8,000,000 issued and outstanding Series 19 Shares, in accordance with the terms of the Series 19 Shares, as set out in the Company's articles of amalgamation dated October 2, 2017 on the Redemption Date for a redemption price equal to $25.00 per Series 19 Share (the 'Redemption Price'), less any tax required to be deducted or withheld by the Company. The total redemption price to Pembina will be $200 million. Article content As previously announced, the dividend payable on June 30, 2025, to holders of the Series 19 Shares of record on June 16, 2025, will be $0.292750 per Series 19 Share. This will be the final quarterly dividend on the Series 19 Shares. Upon payment of the June 30, 2025, dividend, there will be no accrued and unpaid dividends on the Series 19 Shares as at the Redemption Date. Article content The Company has provided notice today of the Redemption Price and the Redemption Date to the sole registered holder of the Series 19 Shares in accordance with the terms of the Series 19 Shares, as set out in the Company's articles of amalgamation dated October 2, 2017. For non-registered holders of Series 19 Shares, no further action is required however, they should contact their broker or other intermediary with any questions regarding the redemption process for the Series 19 Shares in which they hold a beneficial interest. The Company's transfer agent for the Series 19 Shares is Computershare Investor Services Inc. Questions regarding the redemption process may also be directed to Computershare at 1-800-564-6253 or by email to corporateactions@ Article content Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 70 years. Pembina owns an extensive network of strategically-located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit Article content Purpose of Pembina: We deliver extraordinary energy solutions so the world can thrive. Article content Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division. Article content Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit Article content This news release contains certain forward-looking information and statements (collectively, 'forward-looking statements'), including forward-looking statements within the meaning of the 'safe harbor' provisions of applicable securities legislation, that are based on Pembina's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as 'continue', 'anticipate', 'schedule', 'will', 'expects', 'estimate', 'potential', 'planned', 'future', 'outlook', 'strategy', 'project', 'trend', 'commit', 'maintain', 'focus', 'ongoing', 'believe' and similar expressions suggesting future events or future performance. Article content In particular, this news release contains forward-looking statements relating to, without limitation, the timing, Redemption Price and process applicable to the redemption of the Series 19 Shares. Article content The forward-looking statements are based on certain assumptions that Pembina has made in respect thereof as at the date of this news release regarding, among other things: oil and gas industry exploration and development activity levels and the geographic region of such activity; the success of Pembina's operations; prevailing commodity prices, interest rates, carbon prices, tax rates and exchange rates; the ability of Pembina to maintain current credit ratings; the availability of capital to fund future capital requirements relating to existing assets and projects; future operating costs; geotechnical and integrity costs; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner; prevailing regulatory, tax and environmental laws and regulations; maintenance of operating margins; and certain other assumptions in respect of Pembina's forward-looking statements detailed in Pembina's Management's Discussion and Analysis and Annual Information Form for the year ended December 31, 2024 and from time to time in Pembina's public disclosure documents available at and through Pembina's website at Article content Although Pembina believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including, but not limited to: the regulatory environment and decisions; Indigenous and landowner consultation requirements; the impact of competitive entities and pricing; reliance on third parties to successfully operate and maintain certain assets; the strength and operations of the oil and natural gas production industry and related commodity prices; non-performance or default by counterparties to agreements which Pembina or one or more of its affiliates has entered into in respect of its business; actions by governmental or regulatory authorities; the ability of Pembina to acquire or develop the necessary infrastructure in respect of future development projects; fluctuations in operating results; adverse general economic and market conditions in Canada, North America and worldwide; risks relating to inflation; the ability to access various sources of debt and equity capital; changes in credit ratings; counterparty credit risk; and certain other risks and uncertainties detailed in Pembina's management's discussion and analysis and annual information form, each for the year ended December 31, 2024, and from time to time in Pembina's public disclosure documents available at and through Pembina's website at Article content Article content Article content Article content Contacts Article content Article content
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GMA Network
3 days ago
- Sport
- GMA Network
Arvin Tolentino signs with Seoul SK in KBL; Javi GDL, Oczon re-sign with Anyang, Ulsan
PBA Philippine Cup. April 12, 2025. Arvin Tolentino of the NorthPort Batang Pier against the Terrafirma Dyip. (Photo: PBA Media) Arvin Tolentino is taking his talents to Korea. After his contract with PBA's NorthPort expired last April 30, Tolentino signed with the Seoul SK Knights in the Korean Basketball League. Seoul announced the development on Friday. Tolentino is two-time PBA champion with Barangay Ginebra before he was sent to NorthPort where he led the Batang Pier to the semis last conference. He was named Best Player of the Conference in the last PBA Commissioner's Cup as he logged averages of 23.5 points, 3.5 rebounds, and 7.8 assists per game. Javi Gomez de Liaño, meanwhile, announced on Thursday that he has re-signed with the Anyang JKJ Red Boosters. Ulsan Hyundai Mobis Phoebus also confirmed that former De La Salle-College of Saint Benilde standout Migs Oczon has also been re-signed by the team. —JKC, GMA Integrated News
Express Tribune
7 days ago
- Business
- Express Tribune
Pakistan's budget FY2025-26 to focus on strategic growth and structural reforms: Aurangzeb
Listen to article Finance Minister Muhammad Aurangzeb said on Monday that Pakistan's upcoming federal budget for fiscal year 2025-26 will introduce bold measures and provide a strategic direction for the country's economy. Addressing an event organised by Karandaaz Pakistan and the Pakistan Banks Association (PBA) in Islamabad. According to a report by Buisness Recorder, Aurangzeb said the budget will not only focus on revenue and expenditure but will also outline the broader economic path ahead. 'We are going to bring some bold measures during the budget for FY2025-26,' he said, stressing the importance of making the budget document 'more strategic' rather than simply 'making the math work.' The federal budget is scheduled to be presented on June 10, 2025, while the Pakistan Economic Survey 2024-25 will be released a day earlier, on June 9. Aurangzeb emphasised the need for export-led growth and expressed satisfaction that Pakistan's economy has surpassed the $400 billion mark, signalling positive progress. He also stated that the international community recognises Pakistan's economic turnaround and the macroeconomic stability the country has achieved. However, Aurangzeb cautioned against repeating past mistakes, saying previous macroeconomic stability efforts had faltered due to 'consumption-led growth' which triggered balance of payment and foreign exchange problems. 'To break away from the boom and bust cycle, Pakistan needs to stay the course on structural reforms,' he said. The minister underlined the government's commitment to ongoing reforms in taxation, energy, and State-Owned Enterprises (SOEs), along with the right-sizing of the federal government to ensure sustainable growth. He admitted that progress on SOE reforms lagged last year but promised the government would accelerate efforts, including the relaunch of the Pakistan International Airlines (PIA) privatisation transaction, which he expressed optimism about. Aurangzeb highlighted plans to simplify the tax return filing process for salaried taxpayers, aiming to reduce the number of required measures from 140-150 to just nine, to be implemented by the end of September. Regarding debt management, the finance minister said that government debt servicing costs have decreased by Rs1 trillion during the current fiscal year. He also announced plans to restructure and modernise the debt management office in the coming year. Aurangzeb noted that Pakistan's long-term economic goals include becoming a $3 trillion economy by 2047, but said this requires addressing critical challenges such as population growth and climate change. He referenced the 10-year Country Partnership Framework signed with the World Bank, highlighting that four out of six key focus points deal with climate and population issues. The minister also commented on recent regional tensions, stating, 'These are very tense moments. The entire nation has rightly celebrated the way our armed forces and political leadership have stood up against the aggression.' He revealed that efforts had been made to derail Pakistan's engagement with the International Monetary Fund (IMF), particularly attempts to block meetings related to financial support. Despite these challenges, Aurangzeb said Pakistan's case with the IMF was ultimately 'discussed and decided on merit.' He urged the same unity shown in recent times of aggression to be applied to the economic front. The IMF ended its recent 10-day talks on Pakistan's fiscal year 2026 budget without a formal agreement, announcing that discussions will continue in the coming days. Nathan Porter, the outgoing IMF Mission Chief to Pakistan, said the talks focused on increasing revenue through improved tax compliance and expanding the tax base, as well as prioritising expenditure. Initially planned to be held in Pakistan from May 13 to 23, the talks started remotely from Turkiye due to India-Pakistan tensions before moving to face-to-face meetings in Islamabad on May 19. Previously, the government postponed the presentation of the federal budget for fiscal year 2025–26 by more than a week, moving it from June 2 to June 10, according to sources in the finance ministry. The delay comes as Prime Minister Shehbaz Sharif is currently on a multi-nation diplomatic tour to express gratitude to friendly countries for their support during recent tensions with India. Meanwhile, the IMF ended its recent 10-day talks on Pakistan's fiscal year 2026 budget without a formal agreement, announcing that discussions will continue in the coming days. Nathan Porter, the outgoing IMF Mission Chief to Pakistan, said the talks focused on increasing revenue through improved tax compliance and expanding the tax base, as well as prioritising expenditure. Initially planned to be held in Pakistan from May 13 to 23, the talks started remotely from Turkiye due to India-Pakistan tensions before moving to face-to-face meetings in Islamabad on May 19.
