PSEi manages to stay above 6,000
The benchmark Philippine Stock Exchange index (PSEi) hovered above the 6,000 level on Friday as investors stayed on the sidelines while new coronavirus cases continued to increase. By the closing…
Manila Water raises $500M from sale of sustainability bonds
Manila Water Co. Inc. has issued $500 million in sustainability bonds, which it described as the single largest green bond issue by a listed private water utility in Asia. The…
DTI stops accepting MSME applicants for loan program
The Department of Trade and Industry (DTI) had temporarily stopped since last month accepting loan applications from businesses that needed help to survive the health crisis after its P1-billion fund…
Trade groups prod gov’t on stimulus bills
Large local business groups want to know how President Duterte will help micro, small and medium-sized enterprises (MSMEs) as they still await a clear action plan several months deep into…
$1B in new World Bank loans to PH up for OK in Sept
The World Bank will extend three more loans worth about $1 billion to the Philippines by September to help in COVID-19 response and recovery efforts, the Department of Finance (DOF)…
SMIC backs massive testing drive, starts with employees
SM Investments Corp. (SMIC), the country’s largest conglomerate, has conducted multiple testing for the new coronavirus disease (COVID-19) covering 140,000 employees and agency workers across its supermarkets, retail stores, malls,…
Rice tariffs hit P10.7B despite lower imports
The year-to-date tariffs collected from imported rice already breached P10 billion as of mid-July, ensuring next year’s fund for farm modernization being set aside under the Rice Tariffication Law. In…
Recovery starting in Asia-Pacific but PH lagging behind peers
The research arm of debt watcher Moody’s on Friday said that while Asia-Pacific as a whole was already leading global economic recovery, the Philippines’ COVID-19 lockdown—now the longest and most…
Security Bank raises P13.5B from red hot 2-year bonds
Lender Security Bank has raised P13.5 billion from an issuance of two-year bonds, which were warmly received by the cash-awash local financial market. The offering was upsized from the base…
EU calls on US to lift tariffs in plane dispute
PARIS — The EU called Friday on the United States to lift tariffs imposed in a long-running dispute over aircraft subsidies after Airbus said it had brought itself into compliance…