The National Treasury awarded in full the P10 billion it offered at the auction Tuesday, an amount lower than the usual size after the government issued tokenized treasury bills and disclosed plans to raise USD1 billion from the offer of Sukuk bonds.
Power industry leaders have warned of inadequate power supply next year, saying there is barely enough for the country' requirements given no new power plants coming online anytime soon.
The Philippines, one of Asia's most active sovereign debt issuers, has launched its maiden sukuk bonds issue, according to a government announcement on Monday, mandating banks involved to arrange the sale.
The Department of Transportation on Friday said the North-South Commuter Railway (NSCR) and South Long Haul (SLH) rail are game-changing projects seen reviving the country's rail industry.
The Cybercrime Investigation and Coordinating Center on Thursday warned the public to be extra careful when doing their Christmas shopping online, with the scam rate done through the Internet the highest in the Philippines among 11 Asian countries.
Security Bank has officially opened its newest branch in Cadiz City, marking its 357th branch nationwide and strengthening its footprint in Western Visayas.
Leading construction firm EEI Corp. is regaining growth momentum with a robust P36.85-billion backlog as of July, a 40 percent increase from P26.39 billion in the same period last year.
SM Hotels and Conventions Corp., the hospitality arm of SM Prime Holdings Inc., is expanding its regional presence with the opening of Park Inn by Radisson Sta. Rosa by the first quarter of 2029.
Philippine Savings Bank (PSBank), the thrift banking unit of the Metrobank Group, successfully listed P5 billion worth of fixed-rate bonds on the Philippine Dealing & Exchange Corp. On Monday. This issuance represents the third tranche under the Bank’s P40 billion bond program.