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.
SMC unit to provide 350,000 Bulacan households affordable drinking water by Q1 2025
San Miguel Corporation (SMC), through its Luzon Clean Water Development Corp. (LCWDC), will make available affordable water from the Angat reservoir to more than...
Global trade growth seen decelerating further this year
Governments in emerging-market and developing economies (EMDEs) need to forge stronger cooperation to increase cross-border trade as global trade growth is seen to decelerate...
Manuel M. Lopez Passes Away
Manuel M. Lopez, a former Philippine envoy to Japan and former chairman of Manila Electric Co., passed away on Thursday. He was 80.
Inappropriate use of bank funds gets Leyte rural banker up to 20 years in jail
The Regional Trial Court of Burauen, Leyte (RTC-Burauen) has convicted a former officer of the now-closed Rural Bank of Burauen (Leyte), Inc. for violating the Bangko Sentral ng Pilipinas’ (BSP) Manual of Regulations for Banks (MORB) and appropriate legislation.
