Tag: bworldonline
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BPI raises P33.7 billion from SEED Bonds
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BANK of the Philippine Islands (BPI) raised P33.7 billion from its offering of 1.5-year Sustainable, Environmental, and Equitable Development (SEED) Bonds, well above its P5-billion goal, it said on Friday. “On behalf of BPI, I am honored to share that our bond offering has been met with remarkable enthusiasm from…
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Mediaquest, Cignal TV and DDB Philippines provide spotlight for Filipino Olympians through powerful Fame Swap campaign
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The Philippines is embracing a new wave of support for its athletes through the “Fame Swap” campaign by Cignal TV and DDB Philippines. This exciting initiative is designed to highlight and uplift athletes from different sports as they compete at the Olympic Games Paris 2024. Public figures as media platforms…
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On a roll: NGCP commits to complete more transmission lines
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With concerted efforts from the power industry players, the target of the Marcos administration to achieve 100% total electrification by the end of President Marcos’ term under the 2023-2032 National Total Electrification Roadmap (NTER) is within reach. And the National Grid Corporation of the Philippines (NGCP), for its part, is…
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PHL surprises with 6.3% GDP growth
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THE PHILIPPINE ECONOMY expanded faster than expected in the second quarter, as higher government spending and investments offset “anemic” household consumption, government data showed.
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Sy siblings still richest; Razon moves to 2nd spot
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THE SY SIBLINGS remained on top of the Forbes list of the Philippines’ 50 richest this year, while ports and casino tycoon Enrique K. Razon, Jr. climbed to second spot.
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BSP to grant licenses for four more digital banks
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THE BANGKO SENTRAL ng Pilipinas (BSP) will allow four more digital banks to operate in the country starting next year, it said on Thursday.
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Vehicle sales jump 6.1% in July amid new launches and better supply
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VEHICLE SALES in the Philippines jumped by an annual 6.1% in July, driven by new launches and supply availability, according to an industry report.
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Lower costs, new farms drive ACEN’s 61.5% income surge
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ACEN Corp., the Ayala group’s renewable energy arm, reported a 61.5% increase in its attributable net income to P3.57 billion for the second quarter, driven by the operationalization of new solar and wind farms and a significant reduction in costs. Revenues declined by 16.6% to P9.45 billion from P11.33 billion;…
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DITO CME aims P40.26B for financial lift
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DITO CME Holdings, Inc. (DITO) said it plans to raise as much as P40.26 billion through funding from private investors over the coming five years to improve its financial standing and support its growth.
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Del Monte Pacific Limited to hold Annual General Meeting on Aug. 30
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