BDO draws strong demand for oversubscribed dollar notes
BDO Unibank Inc., the country’s largest lender controlled by the Sy Group, has successfully priced its USD500 million, five-year Fixed Rate Senior Notes, raising fresh medium-term funding to support its lending operations and liability management program.
Import lag spurs probe into rising red onion prices
The Department of Agriculture–Bureau of Plant Industry (DA-BPI) has ordered onion importers to explain why permits for red onion shipments are being used far more slowly than those for yellow onions—a discrepancy officials say is contributing to the recent spike in retail prices.
Gov’t agrees to extend import moratorium on molasses
The Department of Agriculture (DA) and the Sugar Regulatory Administration (SRA) have agreed to extend Molasses Order No. 1, which places a moratorium on molasses importation until the end of March next year.
Spanish conglomerate wins 20-year power contract
ACCIONA Energía has secured a 20-year power supply contract for two renewable energy projects totaling 281 MW in the Philippines. The award was granted through Round 4 of the Department of Energy’s Green Energy Auction Program (GEAP).
Google chips beckon as Meta weighs shift
Shares of Alphabet jumped Tuesday after The Information reported that Meta Platforms is weighing a move to adopt Google-designed chips—a potential shake-up in the fast-moving artificial intelligence hardware race.
