The Bank of the Philippine Islands (BPI) has priced its P5-billion peso-denominated fixed-rate BPI Supporting Individuals Grow, Lead, and Achieve (SIGLA) Bonds due 2028, with an option to upsize, marking the second tranche under its P200-billion Bond and Commercial Paper Program approved in October 2024.
Bank of the Philippine Islands (BPI), the country’s third largest lender by assets, said strong loan growth and wider margins boost its financial performance in the first nine months of the year, with net income climbing 5.2 percent year-on-year to P50.5 billion.
Aboitiz Renewables Inc., through its wholly-owned subsidiary AP Renewable Energy Corp. (APREC), has signed a P7.4-billion project finance agreement with the Bank of the...
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).
The Philippines will use its ASEAN chairmanship to push for stronger regional safeguards against energy supply disruptions and faster cross-border power connectivity as Southeast Asian energy ministers meet in Manila this week.
The Department of Agriculture (DA) announced that around 300,000 farmers, fisherfolk, and agricultural haulers will receive ₱3 billion in fuel subsidies starting this month, aiding the sector amid El Niño impacts and persistently high fuel costs.
Therma Visayas told lawmakers that it sources coal from Indonesia and uses the Indonesian Coal Index in its power supply agreements, as a House inquiry into electricity reliability in the Visayas turned attention to both supply security and pricing transparency.
The Department of Agriculture is bolstering full-scale preparations for an intense El Niño, applying hard-won experience to safeguard farm output, secure food supplies, and protect farmers and fisherfolk from harm.