Treasury bill yields up at auction on inflation, interest hike worries
Yields on Philippine treasury bills (T-bills) were higher at the auction Monday as the market worries over further acceleration in inflation could force the Bangko Sentral ng Pilipinas to resume its aggressive tightening of monetary policy.
Prepaid clients push Converge subscription base past 2M
Converge ICT Solutions Inc. on Monday said it surpassed two million residential subscribers as of end-September 2023, boosted by its prepaid segment.
Alternergy taps 3 investment houses for P12B project funding
Listed renewable power firm Alternergy Holdings Corp. said Monday it has engaged three local investment houses to arrange a P12 billion project finance structure to bankroll two wind projects won in the Department of Energy’s Green Energy Auction 2.
Globe selling 77% ECPay stake to GCash parent for P2.31B
Globe Telecom Inc. said Monday it is unloading its controlling stake in Electronic Commerce Payments Inc., or ECPay, to Gcash’s parent company Globe Fintech Innovations Inc. (Mynt) for P2.31 billion.
SEC extends amnesty program by another month
The Securities and Exchange Commission (SEC) has granted a final one-month extension of the amnesty application of non-compliant and suspended or revoked corporations, before a new and more punitive scale of fines and penalties come into effect.
