MANILA, Philippines — Ayala Land Inc. (ALI) is raising up to P15 billion from a bond offering while planning a stock rights offer of 13.04 bilion voting preferred shares as it restructures the preferred shares portion of its capital.
DESPITE the challenging global economic environment amid renewed uncertainties, the Philippine banking system remained sound and stable as shown by expanding resource base, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.
MANILA, Philippines — The Department of Finance (DOF) said Monday that it will work with Congress to come up with a better sin tax law that will remove the structural barriers to competition.
THE Aquino administration is expecting to raise at least P90 billion from the sale of retail Treasury bonds (RTBs) starting today in a bid to replenish its Bond Sinking Fund.
MANILA, Philippines — Globe Telecom Inc. has declared its first semi-annual cash dividend of P32.50 per common share or a total of P4.3 billion, representing 86 percent of 2011 core net income.
MANILA, Philippines — The Aquino administration has set P5.15 trillion investments target within its six-year (2011-2016) term with the government’s 13 investment promotion agencies (IPAs) enhancing their marketing programs to attract more foreign capital into the country.
Metropolitan Bank and Trust Co. (Metrobank) said that average inflation rate for this year may turn lower compared to last year owing to stable food prices.
MANILA, Philippines — A peer review is being undertaken by the Asia Pacific Economic Cooperation (APEC) to assess the performance of the Philippines on its energy efficiency (EE) programs and policy initiatives.
INVESTMENT commitments for the month of January grew by 14.6 percent to P3.74 billion compared to the P3.26 billion during the same period last year, showing increased investor confidence at the start of the year.
MANILA, Philippines — Although the country’s agriculture exports lagged behind other ASEAN countries, industry leaders believe there is great potential not just to catch up with neighbors but to be the leading food exporter of some agro-food products where the Philippines has the competitive advantage.
