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Philippines
Wednesday, September 25, 2024

Jenniffer B. Austria

San Miguel pegs rates for P20-b bond offering

Diversified conglomerate San Miguel Corp. set the rates for its P20-billion bond sale. The fixed-rate bonds are composed of Series O due 2031 and Series...

Ayala Land buying Aboitiz Group out of Cebu township

Property developer Ayala Land Inc. (ALI) is buying the Aboitiz Group out of a joint venture company that is developing a township in Cebu...

PH stock market closes lower on expected fewer rate cuts

Philippine share prices closed lower Tuesday on expectations the Bangko Sentral ng Pilipinas (BSP) would implement fewer rate cuts this year. The 30-company Philippine Stock...

Newport operator names Australian expat as new CFO

Travellers International Hotel Group (TIHGI), the owner and operator of Newport World Resorts (NWR), appointed a seasoned casino and hospitality professional as its new...

Wilcon weighs expansion in Southeast Asia

Wilcon Depot Inc., the country’s leading home improvement and finishing construction supply retailer, said it is studying plans to expand its footprint across Southeast...

Foreign debt climbed by 8.3% to hit $128.7b as of end-March

The foreign debt of the Philippines climbed by nearly $10 billion, or 8.3 percent, to reach $128.7 billion as of end-March from a year...

SEC files criminal case vs. casino junket operator

The Securities and Exchange Commission (SEC) said over the weekend it filed a criminal complaint against the group of casino junket operator Hector Aldwin...

Share prices seen moving sideways on bearish mood

Share prices are expected to move sideways this shortened trading week on bearish sentiment. Financial markets are closed Monday to give way for the observance...

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