Oxford Economics: PH GDP likely shrank by 14.3% in Q2
The Philippines’ gross domestic product (GDP) likely slid by a hefty 14.3 percent year-on-year in the second quarter as the economy took a beating from one of the most stringent…
Foreign investments continued sharp downtrend in April
The amount of long-term equity investments entering the Philippines from abroad declined sharply in April, extending a downtrend experienced in the first quarter, which the central bank attributed to the…
DOF: PH still has margin of freedom to borrow in virus fight
With the share of the Philippines’ foreign debt to its economy relatively low compared to most of its Asian neighbors, the government could afford to borrow more in its fight…
Holcim decides to stay in PH
Following the collapse of a $2.15-billion takeover bid by San Miguel Corp. (SMC), the country’s leading cement maker Holcim Philippines Inc. (HPI) is not going back to the auction block…
Profit-taking, foreign selling pull PSEi down by 1.17%
The local stock barometer slipped below the 6,100 mark in another thin trading session on Wednesday as investors shied away from local equities as the coronavirus pandemic continued to wreak…
SM group raising funds via 18-month debt note issuance
The country’s largest conglomerate, SM Investments Corp. (SMIC), is raising P5.6 billion through the issuance of debt notes to selected institutional investors. The 18-month fixed-rate notes were priced to yield…
Philrealty drops property-for-share deal with affiliate
A deal back in 2018 made by property developer Philippine Realty and Holdings Corp. (Philrealty) to take over some real estate assets of affiliate Meridian Assurance Corp. (MAC) has been…
Manila Water set to issue ‘sustainability bonds’ overseas
Manila Water Co. Inc. is considering issuing US dollar-denominated “sustainability bonds” abroad, intended for refinancing debt and funding their capital expenditure for this year and next. Manila Water made the…