RLC raises P13.2B from bond sale
Robinsons Land Corp. (RLC) Gokongwei-led property developer Robinsons Land Corp. has raised P13.2 billion from a new offering of local bonds, taking advantage of the slowdown in local interest rates…
Megawide bags original proponent status for NAIA modernization
Megawide director Louie Ferrer and chair/CEO Edgar Saavedra Construction and engineering firm Megawide Construction Corp. has bagged the right to negotiate with the government as a partner for the modernization…
Asian markets bounce from sell-off but caution lingers
HONG KONG, China – Asian markets edged up Friday following an across-the-board sell-off the previous day, but disappointing recent data has jolted optimism over the economic recovery that has helped…
Philippine Seven pauses expansion program
A 7-Eleven store Photo by LEO M. SABANGAN II. The country’s leading convenience store chain operator, Philippine Seven Corp. (PSC), plans to halve its capital outlays this year to P2…
Stocks dip on Wall Street as global rally fades, led by tech
NEW YORK — Wall Street stumbled on Thursday after a report showed layoffs continue to sweep the country at a stubbornly steady pace, one of several mixed reports to highlight…
PSEi recovers on GCQ extension, vaccine hunt news
The local stock barometer rebounded in thin trading on Thursday as investors drew relief from the government announcement that Metro Manila won’t be returning to tighter lockdown protocols. The Philippine…
Ayala unit to put up Vietnam’s biggest wind farm
Ayala Corp. is building the largest wind farm in Vietnam to date, as the conglomerate tries to keep the momentum of its power generation business in a country that has…
GPS, media outfits and farmers
Over the years, GPS and media outfits have done much for farmers. And as long as they follow the law, they should expand, rather than shrink. GPS stands for Global…
Moody’s keeps investment-grade rating for PH despite pandemic
Debt watcher Moody’s Investors Service on Thursday (July 16) kept the Philippines’ investment-grade credit rating and “stable” outlook, auguring well for the government’s plan to borrow more to finance the…
Hip-hop artists continue to thrive amidst the coronavirus pandemic
Lil Baby at the 2019 Billboard Music Awards at the MGM Grand Garden Arena on May 1, 2019, in Las Vegas, Nevada. Image: AFP via AFP Relaxnews While Goldman-Sachs projects…