Banking & Insurance
SMC power arm backs P50B loan for Bataan Power
San Miguel Global Power Holdings Corp., the energy subsidiary of conglomerate San Miguel Corp. (SMC), has stepped in as sponsor and security grantor for a massive omnibus loan and security agreement worth up to ₱50 billion, benefiting its affiliate Mariveles Power Generation Corp.
Treasury cancels April 22 bond auction due to FXTN offer
The Bureau of Treasury has cancelled the auction of 15-year treasury bonds scheduled on 22 April to make way for the offering of 10-year...
Pru Life UK scales Islamic education program, advance takaful strategy
Pru Life UK is significantly expanding its Adopt-a-Madrasah initiative in Mindanao, strengthening its market position and commercial strategy as the country's first licensed takaful operator.
Market volatility opens opportunities for fundamental investors – Manulife
Manulife Investment Management, the global wealth and asset management division of Manulife Financial Corp., has emphasized the economic and investment implications of the recent market volatility triggered by US President Donald Trump's reciprocal tariffs.
March 2025 foreign currency reserves decline
The Philippines' gross international reserves (GIR) stood at USD106.2 billion as at end-March this year, a slight decrease from the February 2025 level of USD107.4 billion, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
