First Gen Corp. is securing as much as P60 billion from a combination loan and internally generated funds to finance the drilling of as many as 40 wells and extract steam for its geothermal projects.
The Bureau of Treasury will start on Wednesday a one-week offer of US dollar bonds to retail investors to raise around $200 million from 5.5-year US dollar bonds for budget support.
The Bangko Sentral ng Pilipinas ruled out any more reduction in the deposit reserve requirement of thrift banks, saying that at 2 percent, the mandatory reserves are already low.
The Ninoy Aquino International Airport (NAIA), in the hierarchy of the world’s internationally connected airports, rose 14 notches in 2023 compared to the 2019 rankings.
Shares of Meta Platforms jumped about 3 percent Monday as investors bet that the reported potential job cuts could help offset the technology company's artificial intelligence spending. The stock of the company that owns Facebook, Instagram, WhatsApp and Threads closed 2.3 percent higher at USD627.45.
When Christina Garcia Frasco left the helm of the Department of Tourism, it wasn’t quite a farewell tour—more like a change in itinerary. Now appointed Presidential Adviser for Sustainable and Resilient Communities by President Ferdinand R. Marcos Jr., the former tourism chief is swapping travel brochures for the less glamorous but arguably more urgent business of resilience policy.
Metropolitan Bank & Trust Co., the country’s second largest lender by assets, has launched an offering of peso-denominated sustainability bonds, seeking to raise at least P5 billion as the bank deepens its funding base while riding growing investor demand for environmental, social and governance (ESG) assets.