Tag: CITI

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Citi bets on Philippines as global investment hub grows

Banking & Insurance Context.ph Context.ph -
Citi has reaffirmed the Philippines' strategic role within its global network, pointing to the country’s expanding investment opportunities, deeper capital markets and enduring client relationships as key reasons behind its continued commitment to one of Southeast Asia’s fastest-growing economies.

Citi remains bullish on Philippines, sees 6.2% GDP growth

Banking & Insurance Context.ph Context.ph -
Citi, a leading global bank and the largest foreign bank in the country, retains a positive outlook on the Philippines amid a challenging year ahead for the global economy.

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MacroAsia profit drops 45% as costs, weaker affiliate earnings bite

Corporate 0
Higher operating costs and weaker contributions from associates, particularly aircraft maintenance unit Lufthansa Technik Philippines (LTP), dragged down MacroAsia Corp.’s nine-month net income attributable to parent-company shareholders by 45 percent to P560.4 million, despite revenue growth across its food services, airport ground handling and water businesses.

VinFast brings updated electric VF 8 SUV to Manila

Mobility 0
VinFast has introduced its updated VF 8 electric SUV in the Philippines, pricing the five-seater from P1.55 million with a battery subscription or P1.79 million with the battery included.

October US inflation raises Fed rate hike stakes

Markets 0
US consumer prices rose more than expected in October, strengthening expectations that the Federal Reserve will raise interest rates next month, lifting yields and pressuring equities.

Pax Silica hub agreement still targeted for yearend signing

Communications & Technology 0
The Philippines remains hopeful of signing the master agreement for the proposed Pax Silica advanced manufacturing hub before yearend, with negotiations progressing and no major substantive issues threatening a deal, Trade Undersecretary Ceferino Rodolfo said.

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