Corporate

Mitsubishi UFJ Financial Group (MUFG) has closed its first sustainable trade asset finance transactions in the Philippines, partnering with renewable energy leaders San Miguel Global Power and SN Aboitiz.

Many young Filipinos want to live independently and improve their lifestyle, but daily expenses such as rent and bills often slow progress toward bigger goals.

Japanese firm Ubukata Philippine Electric Corporation is reinforcing the Philippines’ ambition to move up the manufacturing value chain, as it sets up export-oriented production of safety switches and electrical control equipment in Batangas.

Aboitiz Foods, the food group of listed investment holding company Aboitiz Equity Ventures Inc., has completed the acquisition of Singapore-based Diasham Resources Pte. Ltd., strengthening its specialty nutrition portfolio and expanding its animal health and manufacturing capabilities across the Asia-Pacific region.

The Philippine Stock Exchange Inc. (PSE) said it could raise about P170 billion in capital funds this year through initial public offerings (IPOs), private placements and preferred share sales, about 20 percent higher than the P140 billion raised last year.