Robinsons Land makes P13.2B from fresh bond offer
Gokongwei-led property developer Robinsons Land Corp. (RLC) has raised P13.2 billion from a new offering of local bonds as it took advantage of the slowdown in local interest rates to…
Property stocks bomb in humdrum trade
The local stock barometer slipped in another thin trading session on Friday as investors dumped large-cap stocks, especially property firms. The main-share Philippine Stock Exchange index (PSEi) shed 58.91 points…
Globe returns to foreign bond market, raises $600M
Industry giant Globe Telecom Inc. successfully raised $600 million following its return to the international bond market after 16 years. The fund-raising measure, coming in the middle of the new…
GMA’s Affordabox ‘selling like hot pandesal’
Television giant GMA Network Inc.’s newly launched digital TV product is seeing a surge in sales while its main rival ABS-CBN remains shut from the airwaves by the Philippine government.…
AUB rolls out social, web commerce solution
The Rebisco group’s banking arm Asia United Bank (AUB) has unveiled a social and web commerce solution to help merchants, including beleaguered restaurant operators, stay afloat during this coronavirus pandemic…
PH war chest vs COVID hits P1.04T
The Philippines’ war chest against the COVID-19 crisis inched up to $21.05 billion (about P1.04 trillion) as of mid-July, although still lower than most of its Southeast Asian neighbors when…
P845M in EU grants to Mindanao eyed for COVID-19 response
The European Union (EU) and the Philippines are in talks to possibly divert at least P845 million in grants earlier set aside for peace-building initiatives in Mindanao to COVID-19 response…
Number of Filipinos having finance accounts growing, says BSP
Almost a third of Filipinos now have financial accounts, up from slightly less than one-fourth of the population only two years ago — a level that is expected to rise…
No Wirecard money in PH, but AMLC to ‘hold unscrupulous individuals accountable’
MANILA, Philippines – The government’s dirty money watchdog has found no indications that any of the missing $.19 billion of German electronic payments firm Wirecard AG ever landed on Philippine…
ADB: PH’s COVID-19 war chest inched up to P1.04 trillion as of mid-July
MANILA, Philippines — The Philippines’ war chest against the COVID-19 crisis inched up to $21.046 billion (about P1.04 trillion) as of mid-July, although still lower than most of its Southeast…