Globe Telecom Inc., the telecom and financial technology company of the Ayala Group, said it has signed a P5 billion term loan facility with Bank of Commerce to support its ongoing capital expenditures, debt refinancing, and other general corporate requirements.
Listed property developer DoubleDragon Corp. on Thursday officially launched the public offering of its 7.7% fixed-rate retail bonds, following regulatory approval from the Securities and Exchange Commission.
Paramount Skydance is preparing a bid to acquire Warner Bros. Discovery, according to a report by The Wall Street Journal, a megadeal that could potentially alter the entertainment industry.
The Philippine Stock Exchange index (PSEi) is expected to post modest gains of just 3 percent to 5 percent by year-end from its current level of 6,100, largely driven by the seasonal Christmas spending surge, according to Eduardo Francisco, president of BDO Capital and Investment Corp.
The consumer financing firm Home Credit has built up a loan portfolio worth P100 billion in the 12 years since its founding as industry disruptor in 2013.
The Philippines and Canada have concluded negotiations for a bilateral free trade agreement (FTA), setting the stage for expanded market access, greater investment flows and new opportunities for exporters, service providers and small businesses.
Southeast Asia needs an estimated USD7.1 trillion in infrastructure investment through 2040, but a shortage of commercially viable projects is preventing governments from mobilizing enough private capital to meet the region’s growing needs, Asian Development Bank (ADB) President Masato Kanda said Saturday.
If the past week's tea leaves had a message, it was this: ay, naku. The economy served up a one-two punch of sluggish growth and runaway prices, then appeared to ask whether we wanted seconds. Monday brought third-quarter GDP growth of 2.1 percent, down from 2.4 percent in the previous quarter and below the 2.8 percent consensus forecast. That marked five consecutive quarters of slowing growth and the weakest performance since the pandemic. October inflation, meanwhile, averaged 7.8 percent. Some wanted the monetary authorities to wield a bigger stick through a jumbo rate hike. Tame prices without choking an already parched economy? Sige, good luck. With stocks around 5,600 and the peso near P64 to the dollar, even sharply cheaper gasoline felt less like salvation than a promo expiring next week.
The shifting global trade landscape, driven by higher US tariffs and tensions between Washington and Beijing, presents ASEAN with an opportunity to attract investment and strengthen its role in global supply chains, but countries must first make it easier for businesses to operate across borders, Ayala Corp. chairman Jaime Augusto Zobel de Ayala said.