BDO Unibank Inc., the country’s largest lender by assets, said Tuesday it P115 billion through its fourth Peso-denominated ASEAN Sustainability Bond issuance, exceeding expectations with a subscription level 23 times higher than its initial P5 billion offering.
BDO Unibank Inc., the Philippines' largest lender by assets, announced a 3 percent increase in net profit for the first half of the year, reaching P40.61 billion.
Fresh River Lakes Corp. (FRLC), a wholly owned subsidiary of First Gen Corp., has secured a total of P15 billion in loan facilities from three major Philippine banks—BDO Unibank Inc. (BDO), Bank of the Philippine Islands (BPI), and Rizal Commercial Banking Corp. (RCBC).
BDO Unibank Inc., the country’s largest lender by assets, said Tuesday it has cut short the offer period for its fourth peso-denominated ASEAN Sustainability Bond due to strong investor demand.
Nestor V. Tan, president and chief executive officer of BDO Unibank Inc.,has received P35 million worth of shares as property dividends issued by the banking arm of the SM Group.
Philippine auto parts manufacturers are warning that the veto of funding for the Comprehensive Automotive Resurgence Strategy (CARS) could accelerate the decline of the country’s already fragile automotive manufacturing sector.
The Sugar Regulatory Administration (SRA) has issued an order requiring buyers to first purchase locally produced molasses before they are allowed to import supplies.
Electricity prices at the Wholesale Electricity Spot Market (WESM) rose by 10.1 percent in December, driven mainly by higher power demand in the Visayas and Mindanao, data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed.