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BSP prodded to build up forex reserves
The Bangko Sentral ng Pilipinas should continue rebuilding its gross international reserves amid the wide current account deficit and heavy reliance on debt funding, according to Bank of America Global Research......»»
Manila Water borrows $110 million for refinancing
The holding company of Razon-led Manila Water Co. Inc. for its international ventures secured a $110 million three-year loan from two Singapore-based banks to refinance its existing debt......»»
Metrobank looking to raise $0.5-B in USD debt offering
Metrobank announced that it has selected Bank of America Securities and UBS as joint global coordinators to run a process to sell up to $500 million in dollar-denominated senior unsecured notes, “with option to upsize”......»»
BOP swings to deficit in January
The country’s balance of payments swung to a deficit of $740 million in January, the highest in almost a year, as the government paid its foreign currency debt obligations......»»
T-bond rates up slightly
The government borrowed P30 billion from the domestic debt market at a slightly higher rates ahead of the policy decision of the US Federal Reserve......»»
Nearly 50,000 UK businesses on verge of collapse - report
Construction and real estate are among the hardest hit sectors, researchers say The number of UK businesses on the brink of bankruptcy skyrocketed by more than a quarter at the end of last year amid a "debt storm" triggered by a series of interest rate hikes, a report from a group of insolvency specialists re.....»»
Recto: No new tax on junk food, sweetened drinks
Finance Secretary Ralph Recto is not inclined to impose additional consumption-based taxes such as on junk food and sweetened beverages as these measures can be inflationary, while the debt level remains manageable and does not warrant extra burden on Filipinos......»»
Shooting: Angry man shoots debt collector in San Fernando
CEBU CITY, Philippines – A furious 76-year-old man from San Fernando town, southern Cebu shot the lady collector of his lending business for neglecting her job. The man whom witnesses said was angered by the apparent negligence of his collector who was seen engaging in a drinking spree, also attempted to kill himself on Monday.....»»
Government borrows P30 billion from T-bonds
The government secured P30 billion from the local debt market via the fresh issuance of long-term securities, with the coupon rate set slightly higher than secondary markets......»»
RCBC raises $400 million from oversubscribed sustainability notes
Rizal Commercial Banking Corp. (RCBC) has raised $400 million from its return to the offshore debt market as investors swarmed its sustainability note issuance......»»
BDO to raise P5 billion via sustainability bonds
BDO Unibank Inc. is raising at least P5 billion as it returned to the domestic debt market via the issuance of peso-denominated fixed-rate sustainability bonds......»»
Government raises P30 billion from T-bond sale
The government secured P30 billion from the local debt market through the fresh issuance of long-term securities with the coupon rate set above secondary markets......»»
More Latin American states reject Zelensky s peace summit - Izvestia
Mexico and Nicaragua have refused to take part in a "political farce," their diplomatic missions told the outlet Mexico and Nicaragua are the latest nations to refuse to take part in the so-called 'Ukraine peace summit' organized by Switzerland, Izvestia newspaper reported on Friday. Earlier, Brazil and Argentina anno.....»»
More Latin American states ignore Zelensky s peace summit - Izvestia
Mexico and Nicaragua are the latest countries to refuse to take part in the "political farce," their diplomatic missions told the outlet Mexico and Nicaragua are the latest nations to refuse to take part in the so-called 'Ukraine peace summit' organized by Switzerland, signaling Kiev's failed attempts to rally Latin A.....»»
Sparkle’s Pokwang and Boobay share their wish lists of projects
Pokwang and Boobay form part of the Kapuso comedy department. They will continue to regale audiences with their own brand of antics, humor and wit as part of the Sparkle GMA Artist Center. In the latter’s event, “Signed for Stardom,” the comedienne and the comedian were smiling from ear to ear, knowing that their talent and hard work had been recognized......»»
UK government wants active part in Luzon Economic Corridor
The United Kingdom has expressed interest to be part of the huge task of developing the Luzon Economic Corridor, which will connect Luzon’s principal business hubs including Subic, Clark, Manila and Batangas......»»
DSWD concludes 5th phase of field study to enhance peace, dev’t programs
The Department of Social Welfare and Development (DSWD) concluded the 5th phase of its benchmarking study and field research in Kabankalan City, as part of the agency’s continued efforts at enhancing the peace and development programs and services. “The field visit in Kabankalan City is part of the ongoing initiatives of the DSWD to improve […].....»»
As part of South China Sea deployment, INS Kiltan arrives in Brunei
Muara [Brunei], May 26 (ANI): Indian Naval Ship Kiltan arrived at Muara, Brunei and was accorded a warm welcome by the Royal Brunei Navy. The visit is part of Operational Deployment of the Indian Navy's Eastern Fleet to the South China Sea. This visit is poised to further strengthen the friendship and cooperation between the two maritime nations, the Ministry of Defence informed a press release. The visit by Indian Naval.....»»
As part of South China Sea deployment, INS Kiltan arrives in Brunei
Muara [Brunei], May 26 (ANI): Indian Naval Ship Kiltan arrived at Muara, Brunei and was accorded a warm welcome by the Royal Brunei Navy. The visit is part of Operational Deployment of the Indian Navy's Eastern Fleet to the South China Sea. This visit is poised to further strengthen the friendship and cooperation between the two maritime nations, the Ministry of Defence informed a press release. The visit by Indian Naval.....»»
Indian Navy warships complete Manila visit as part of operational deployment to South China Sea
Manila [Philippines], May 23 (ANI): Indian Navy ships INS Delhi, INS Shakti and INS Kiltan completed their visit to Manila, Philippines as part of the Operational Deployment of the Indian Navy's Eastern Fleet to the South China Sea. "The visit demonstrated India's strong ties with the Philippines and its commitment to further deepen the partnership," the Ministry of Defence said in a press release. The port call included.....»»