Philippine government bonds will be included for the first time in the J.P. Morgan Government Bond Index–Emerging Markets starting January 29 next year. The index is widely used by global investors to track bond markets in developing countries.
Rum maker Tanduay earned multiple awards at the International Spirits Competition by Enthusiast Report, highlighting its continued focus on quality and global standards.
Ayala Land Inc. said it will reduce its capital spending this year to P50 billion, down by more than a third from its earlier plan of P70 billion to P80 billion, as earnings declined.