Corporate
Six-country awards body rates as excellent JFC business practices
The six-country ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards has cited local fast food giant Jollibee Foods Corp. for its adoption of sustainable, responsible, and transparent business practices.
Vista Land raises P2.9B via 3-year debt notes sale
Vista Land & Lifescapes Inc., the property development arm of the Villar Group, said Friday it raised P2.9 billion through the issuance of three-year debt notes due December 2025.
Top 3 listed banks grow loan portfolio in 4Q
BDO Unibank, Bank of the Philippine Islands, and Metropolitan Bank & Trust Co.—the largest, second and fourth largest lenders by assets, according to a central bank report—also reported improvements in their nonperforming loan ratios on the growth of the loan portfolio and the steady or lower nonperforming loans.
UnionBank raises P12B from stock rights offer; listing on Feb. 6
Union Bank of the Philippines said Friday it has completed a stock rights offer that raised P12 billion for the country’s 9th largest lender by assets.
Robinsons Retail plans up to P7B Capex this year
Robinsons Retail Holdings Inc., the retail arm of the Gokongwei Group, is increasing capital expenditure this year to as much as P7 billion from P4.74 billion as it expands its retail network on expectation of strong economic growth and consumer spending.
