Filinvest Land Inc., the listed property development arm of the Gotianun Group, said Monday its executive committee has approved the issuance of up to P12.0 billion in peso-denominated fixed-rate bonds, with a maturity period of up to 10 years.
The average interest rates on treasury bills rose at Monday's auction, reflecting concerns over inflationary pressures following the release last week of November data, which showed a pick-up in price increases driven by supply bottlenecks caused by recent weather disturbances.
The Philippines is expected to remain resilient over the next two years, fueled by strong domestic consumption, infrastructure investment, and an expanding services sector, according to a new report from the Philippine Institute for Development Studies (PIDS).