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Top Business News

The government is set to borrow P180 billion from the domestic market through the sale of T-bonds and T-bills in the second quarter, the Bureau of the Treasury (BTr) said yesterday.

 Term deposit continued to fetch higher yield as investors expect the US Federal Reserve to further raise interest rates this year.

The board of directors of the parent firm of Philippine Airlines (PAL) has approved an equity restructuring to remove both existing and additional deficit to be incurred after the acquisition of Zuma Holdings and Management Corp. and  subsidiary Air Philippines.

Columns

It would seem President  Duterte’s diplomatic skills are coming into fruition with the ambassadors of major superpowers US and China going to Davao City to wish him a happy birthday.

Today, we recognize the latest batch of Filipina entrepreneurs who are great examples for the next generation.

It’s summer, and with it comes the scorching heat – and brownouts.

Latest Business News

Listed BDO Unibank Inc. has tied up with Shinkin Central Bank (SCB) to develop a business cooperation to help small and medium enterprises (SME) clients of Japanese banks operating in the Philippines.

Metro Pacific Investments Corp. (MPIC) is pursuing its proposed solid waste management facility in Quezon City.

Australian oil and gas company Nido Petroleum Limited expects to drill a new well at the Galoc Oil Field offshore Palawan by end-March which could extend the life of the oil field.

Holistic approach

The Philippines is among Asian countries that are “better positioned” to capitalize on strengthening global trade demand, according to UK-based advisory firm Oxford Economics.

Infrastructure conglomerate Metro Pacific Investments Corp., headed by business magnate Manuel V. Pangilinan, topped Finance Asia’s poll of best companies in the Philippines in various categories.

Budget carrier Cebu Pacific has tapped Air France Industries KLM Engineering & Maintenance (AFI KLM E&M)  for the maintenance for its Airbus A320 and A321neo aircraft.

Listed gaming technology firm Xurpas Inc. reported a 33 percent growth in net income to P304.9 million in 2016, its strongest year in history.

Andrew Tan-led Alliance Global Group Inc.(AGI) is looking to raise $500 million from the issuance of dollar-denominated bonds later this year, a company official said.

The Mining Industry Coordinating Council is set to start next month the formal multi-stakeholder review on the existing contracts of all mining companies in light of the Department of Environment and Natural Resources’ recent actions against the industry.

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