Metrobank raises $500M from offshore debt deal
Metropolitan Bank & Trust Co. (Metrobank) Ty family-led Metropolitan Bank and Trust Co. has raised $500 million from its first offshore debt market foray in nearly two decades. Metrobank priced…
PEZA fears some companies might leave because of global recession
MANILA, Philippines — The Philippine Economic Zone Authority (PEZA) fears the global recession might prompt companies to cut down on costs, forcing them to pull out of the Philippines and…
Weak PH demand helps cap June inflation uptick to 2.5%
MANILA, Philippines — Prices of basic goods and services rose slightly last month – to a level that was within the central bank’s expectations – but any further increases will…
Amid pandemic, PH’s P1.22-T end-April borrowings exceeded 2019 total
Finance Secretary Carlos G. Dominguez III. Photo courtesy of DOF MANILA, Philippines — The COVID-19 crisis has forced the Philippines to borrow a total of P1.22 trillion from January to…
Samsung projects 23% jump in 2Q profit on strong chip sales
SEOUL, South Korea — Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for…
Gov’t, NAIA consortium deadlocks, threatening modernization bid
MANILA, Philippines — Filipino tycoons backing an ambitious proposal to modernize and operate the Ninoy Aquino International Airport said on Tuesday they reached a stalemate in their negotiations with the…
Asia markets slip as virus outbreaks mute hopes for rebound
TOKYO — Markets were mostly lower in Asia on Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery, despite an overnight rally in tech shares that pushed the…
GT Capital invests in second hand car inspection business
Ty family-led conglomerate GT Capital Holdings Inc. has teamed up with Japanese financing service firm, Premium Group, to establish a second-hand car inspection and warranty business as part of the…
BDO raises $600M from offshore bond market
BDO prexy Nestor Tan The country’s leading lender, BDO Unibank, has raised $600 million from the offshore bond market, building up its cash hoard while interest rates are favorable. The…
For areas to go back to ECQ is not wise, bad for business — Palace adviser
MANILA, Philippines — It is not wise to place some areas in the country under a strict enhanced community quarantine (ECQ) as it would shut down businesses that already took…