Banking & Insurance
ACEN taps undisclosed lender for P20B loan
ACEN Corp. has tapped a bank for P20 billion earmarked for general corporate and for its renewable energy projects but declined to identify the lender.
SEC outlaws Binance
The Securities and Exchange Commission has issued a warning on using the online cryptocurrency exchange Binance.
Treasury bill yields drop at auction; total tenders swell to P72.22 billion
The National Treasury awarded in full the P10 billion it offered at the auction Tuesday, an amount lower than the usual size after the government issued tokenized treasury bills and disclosed plans to raise USD1 billion from the offer of Sukuk bonds.
Rate adjustments allow MPIC greater access to bank funds
Metro Pacific Investments Corp. reported easier funding access for its various infrastructure projects following the approval of tariff adjustments affecting the various government-regulated endeavors.
Metrobank market maker three years in series
Metropolitan Bank & Trust Co. (Metrobank) is recognized by the Bureau of the Treasury (BTr) as Top Market Maker for Government Securities Eligible Dealers (GSED) for 2024 during the celebration of its 126th anniversary. The bank snags the title for the third consecutive time and for helping government in its financing requirements and enhancing Filipinos’ access to investment opportunities.
