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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

The government is seeking a dialog with the British trade mission in line with improving the country’s educational system, an official of the National Economic and Development Authority said.

The Contact Centers Association of the Philippines (CCAP) is optimistic about the industry’s growth in the next five years as it continues to diversify the services it offers.

The National Grid Corp. of the Philippines (NGCP) and Technical Education and Skills Development Authority (TESDA) have teamed up to develop certification standards for technical professionals in the power lines industry.

The Department of Trade and Industry (DTI), in partnership with the SM Group’s Kultura brand, is set to open a retail store featuring products made by micro, small and medium enterprises (MSMEs).

A high-level delegation led by Finance Secretary Carlos Dominguez is set to visit Tokyo next week to discuss with Japanese officials a list of proposed Philippine infrastructure projects for possible funding assistance.

Pure Energy Holdings Corp. has received the green light from the Securities and Exchange Commission to proceed with its P1.58 billion initial public offering (IPO).

As expected, monetary authorities decided yesterday to keep interest rates steady despite the second rate hike by the US Federal Reserve in three months last week.

The local equities market recovered yesterday on the back of bargain hunting, analysts said.

Metropolitan Bank & Trust Co. (Metrobank) is set to raise as much as $2 billion under a medium term note program to beef up its working capital.

 Property giant Ayala Land Inc. plans to issue 10-year fixed-rate bonds amounting to P7 billion.

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