Converge spent P7.2B of P10B maiden bond offer in 2022
Converge Information and Communications Technology Solutions Inc. already spent the bulk of the proceeds of its maiden P10 billion bond offer last year, raising...
Robinsons Retail raises stake in BPI to 6.8% for P19.7B
Robinsons Retail Holdings Inc. raised its stake in Bank of the Philippine Islands to 6.8% by purchasing an additional 4.4% of the lender for...
Philippines on track towards meeting forecast 7.2% growth in 2022 – World Bank
The Philippines is on track towards achieving growth in 2022 averaging 7.2 percent in terms of the gross domestic product, the World Bank said in the January 2023 iteration of its Global Economic Prospects report.
Malacañang to make permanent joint memo facilitating quick telco tower construction
The Private Sector Advisory Council (PSAC) has convinced Malacañang to make permanent a soon-to-expire joint agreement making it easier for the telecommunications companies to build telco towers helping speed up the country’s drive towards the digitalization of transactions.
Philippine Business Bank Completes P1.25B Private Placement, Gears Up For P500M Rights Offer
Philippine Business Bank said on Friday that the subscription to 125 million shares that were privately placed last year with the bank’s principal shareholders have been completed, setting up the second part of a plan to raise its authorized capital by P1.75 billion and increase lending activity.
