Vista Land plans new borrowings to refinance debt, fund investments
Vista Land & Lifescapes, Inc., the property group of billionaire and former Senate President Manuel Villar, said Friday it has mandated DBS Bank Ltd. and HSBC...
Philippines Dec trade deficit narrows to USD4.01B as imports fall
The Philippines’ trade deficit in December narrowed to USD4.01 billion from USD4.73 billion in November, as imports declined from the previous month at a faster clip than exports, data from the Philippine Statistics Authority showed Friday.
Sy Group keeps 60% of BDO, foreign investors hold 25.18%
BDO Unibank Inc. reported Friday that foreign ownership in the country’s largest lender by assets stood at 25.18 percent at the end of 2023, leaving the balance in the hands of Filipino investors, primarily the Sy Group.
IMF says ‘not yet there’ on need for systemic approach to high debt
The International Monetary Fund still favors a case-by-case approach to dealing with sovereign debt issues, but is closely monitoring developments to ensure it is prepared if a more systemic approach is needed, a top official said on Thursday.
First El Niño-related agri damage reported in Zambo del Norte
The first reports of damage attributed to El Niño surfaced Thursday from Zamboanga del Norte whose rice crops sustained estimated losses of P717,500, according to the Department of Agriculture.
