Friday, December 19, 2025
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Tag: debts

Megawide strikes P9.4b deal to recover parent, sister firm advances to pay debts

Megawide Construction Corp. announced Thursday it has signed agreements to recover P9.4 billion in advances from its parent firm, Citicore Holdings Investment Inc. (CHII),...

JG Summit to shoulder debts of petrochem unit

JG Summit Holdings Inc. will take on all the debts of its struggling petrochemical unit, according to the company’s top official. This comes as JG...

‘Cancel illegitimate debts’

Debt justice campaigners hold a rally in front of the Philippine Senate in Pasay City on October 13. The protest calls for the cancellation...

‘Next admin must raise P326 billion yearly to cover COVID debts’

Albay Rep. Jose Salceda said Monday the incoming administration would need around P326 billion in new revenues every year to cover both principal and...

PLDT to borrow $400-million from local banks in Q4

PLDT Inc. said it plans to borrow $400 million from local banks by the fourth quarter to refinance maturing debts in 2019.  “It’s not a...
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