Tag: BDO

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BDO draws strong demand for oversubscribed dollar notes

BDO Unibank Inc., the country’s largest lender controlled by the Sy Group, has successfully priced its USD500 million, five-year Fixed Rate Senior Notes, raising fresh medium-term funding to support its lending operations and liability management program.

BDO names Rene Morta to senior IT post

BDO Unibank Inc., the country’s largest lender and a key member of the Sy Group, has appointed veteran banker and IT strategist Rene Morta as senior vice president for IT Initiatives under the office of the bank’s president. The appointment takes effect on October 16.

SMIC sees shares as undervalued amid growth prospects

SM Investments Corp. (SMIC), the flagship investment holding firm of the Henry Sy Group, believes its shares are “significantly undervalued” considering the company’s strong financial performance and long-term growth potential.

BDO raises P115B ASEAN Sustainability Bond offer

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 1H profit rose despite higher costs

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.

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ERC approves higher refund for Meralco customers, may shorten payout period

The Energy Regulatory Commission (ERC) has provisionally approved a higher refund of P19.96 billion for Manila Electric Co. (Meralco) customers, equivalent to P0.1189 per kilowatt-hour (kWh). This is larger than Meralco’s original proposal of P19.1 billion.

SRA releases first cash aid to sugar farmers amid rising fuel costs

The Department of Agriculture (DA), through the Sugar Regulatory Administration (SRA), has begun distributing the first batch of cash assistance to sugarcane farmers under the Presidential Assistance for Farmers and Fisherfolk Program (PAFFP).

DigiPlus links ArenaPlus to global anti-match-fixing network

DigiPlus Interactive Corp. has integrated its sportsbook brand ArenaPlus sportsbook platform into the Sportradar Integrity Exchange (SIE), a global system that helps detect and prevent match-fixing.

Federal Land sees steady demand despite incertainty

Federal Land NRE Global Inc. (FNG) said demand for its projects remains strong despite economic uncertainties, particularly in its 600-hectare River Park development in Cavite.

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