PHL launches dollar bond offering
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REUTERS THE PHILIPPINES returned to the global bond market again this year via a three-tranche, US dollar-denominated bond offering. This is the…
PHL banks’ NPL ratio falls to 23-month low
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PHILIPPINE STAR/ MICHAEL VARCAS By Keisha B. Ta-asan SOURED LOANS held by banks fell for a sixth straight month in August, bringing…
Customs exceeds collection target for 9th straight month
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Agents from the Bureau of Customs – Customs Intelligence and Investigation Service inspected a sugar warehouse in Quezon City, Aug. 23. —…
SMC studies legal options after rate hike denial
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SMC Global Power Corp. said it would explore other legal remedies to continue supplying power after the decision of the Energy Regulatory…
North Star seeks foreign investors after deferred IPO
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NORTH Star Meat Merchants, Inc. is eyeing foreign and private equity investors after it deferred its initial public offering (IPO). “We have…
Ayala logistics firm, FLOW set to build data centers
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AYALALAND Logistics Holdings Corp. (ALLHC) and FLOW Digital Infrastructure have agreed to a joint venture that aims to develop and operate carrier-neutral…
Converge proposes shared underground pipes to reduce costs
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CONVERGE ICT Solutions, Inc. said installing underground pipes for telecommunication cables will translate to lower capital costs for internet service providers. This…
SMC’s Eagle Cement acquisition seen to cut costs
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COMPANY HANDOUT SHARES in Eagle Cement Corp. are seen to rise with the planned acquisition of the cement maker by San Miguel…
Tax court partially grants Philex Mining’s refund claim
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CTA.JUDICIARY.GOV.PH/ THE Court of Tax Appeals (CTA) has granted a P9.6-million refund to Philex Mining Corp. that was part of its original…
Aboitiz unit, EdgeConnex to develop data center platform
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ABOITIZ InfraCapital, Inc. (AIC) has partnered with EdgeConneX to address the rising data usage by developing a data center platform in the…