Corporate
IFC commits to purchase all P14 billion worth of Ayala Land Inc. sustainability bonds
The International Finance Corporation, the private investment arm of the World Bank, on Thursday committed to purchase the entire P14 billion sustainability bond issuance of property developer Ayala Land Inc.
BPI 1H net profit up 22% to a record P30.6 billion on interest income growth
The Bank of the Philippine Islands, the country’s fourth largest lender by assets, said Thursday it posted record net income of P30.6 billion in the first half of the year, a 22 percent increase driven by robust revenues and sustained positive operating leverage.
SMIC raises USD500 million through offshore bond issuance
SM Investments Corp. , the listed investment holding company of the Sy Group, said Thursday it raised USD500 million through the issuance of Euro medium-term notes that was priced at 5.466 percent, lower than initially expected due to strong demand mostly from Asian investors.
Solaire North gaming tables outdone for now by high foot traffic at its F&B
Solaire Resort North, not quite two months since its opening, on Wednesday reported high foot traffic at its restaurants consisting of outlets offering buffets, fine dining and even a food court.
74-year old Sobrepeña-led company in danger of delisting
The Philippine Stock Exchange on Wednesday warned Metro Global Holdings Corp. of delisting as soon as next month for its failure to meet the minimum public float of 10 percent.
