TPB leads delegation at ITB Asia 2025 in Singapore
The Tourism Promotions Board (TPB) Philippines will head the country’s delegation to ITB Asia 2025, the region’s leading travel trade show, scheduled from October 15 to 17 at the Sands Expo and Convention Centre in Singapore.
Japan, PH test new defense pact in Cebu
The Japan Air Self-Defense Force (JASDF) has deployed a C-130H transport aircraft and 30 personnel to the Philippines for bilateral training "DOSHIN BAYANIHAN 5-25" with the Philippine Air Force at Mactan-Cebu International Airport.
San Miguel preferred shares sale starts Oct 13, up to P30B eyed
San Miguel Corp., one of the country’s largest and most diversified conglomerates, will launch a week-long public offering of up to P30 billion in preferred shares starting Monday, October 13, as part of efforts to refinance maturing obligations and fund large-scale infrastructure projects.
National Reinsurance keeps strong credit ratings
Global credit rating agency AM Best has reaffirmed its solid rating for National Reinsurance Corp. of the Philippines (Nat Re) and kept its rating outlook at stable. AM Best maintained Nat Re’s Financial Strength Rating of B++ (Good), Long-Term Issuer Credit Rating of “bbb” (Good), and Philippine National Scale Rating of aa+.PH (Superior).
Davao Light sets aside P1B for Nordeco asset acquisition amid franchise expansion
Davao Light and Power Co., a subsidiary of the Aboitiz Group, is preparing at least P1 billion to acquire the assets of Northern Davao Electric Cooperative Inc. (Nordeco) as part of its planned operational takeover.
