Filinvest Land Inc., the listed property development arm of the Gotianun Group, has successfully tapped the bond market and raised P12 billion to fund capital expenditures and refinance debt. FLI issued 5-, 7- and 10-year peso fixed-rate retail bonds, which are PRS Aaa-rated by the Philippine Rating Services Corp. for their outstanding quality and minimum risk. The bonds were listed on the Philippine Dealing and Exchange Corp. (PDEx). This is the second tranche of FLI’s 2023 bond shelf-registration.
President Ferdinand Marcos Jr. led the inauguration of a P278.3-million grains terminal and trading station in Batangas City, marking a pivotal moment for the agricultural sector. The facility aims to reduce the cost of animal feeds by consolidating the supply of corn, which in turn is expected to lower the prices of poultry and livestock products, particularly in the Southern Tagalog region.
The SM Group’s retail loyalty program, SMAC, has announced a strategic partnership with AirAsia Rewards, offering enhanced shopping and travel experiences for both brands' members. This collaboration, part of SMAC's "My SMAC, My MOVE" lifestyle campaign, allows SMAC members to convert 500 AirAsia points into 125 SMAC Points via the AirAsia MOVE app, blending travel rewards with SMAC's shopping ecosystem.
Metrobank’s Trust Banking Group has earned top honors at the CFA Society Philippines’ 10th Annual Best Managed Funds of the Year Awards for 2025. The bank was recognized for its outstanding performance in managing peso- and dollar-denominated unit investment trust funds (UITFs), reflecting its commitment to delivering high returns for investors.
The International Finance Corporation (IFC), the private investment arm of the World Bank Group, has appointed Amena Arif as its new country manager for the Philippines. In this role, Arif will focus on mobilizing private sector investments to promote job creation, mitigate the impacts of climate change, and enhance financial inclusion across the country.
The Department of Agriculture has handed over a ₱65.6-million rice processing facility to the Talabutab Norte Primary Multipurpose Cooperative in General Mamerto Natividad, Nueva Ecija, under the RCEF Mechanization Program.
Quezon City job seekers now have easier access to industry-relevant skills training, after the city’s Public Employment Service Office (PESO) signed an agreement with global customer experience leader Foundever®. The deal launches the Quezon City Competency Enhancement and Retooling Program, aimed at bridging the gap between community skills and actual workplace needs.
The US has ruled out announcing the proposed Pax Silica Economic Security Zone during or after this month’s ASEAN Leaders’ Summit in Manila, leaving the initiative’s timeline uncertain as Washington and Manila continue discussions on its scope and potential impact.
The Aurora Pacific Economic Zone and Freeport Authority (APECO) has signed a cooperation agreement with the Alberta Council and is preparing a separate memorandum of understanding with a Canadian power generation company, as it seeks to convert investor interest into actual projects in Casiguran, Aurora.