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Economic expansion, loan growth seen picking up pace this year
Economic expansion, measured as the gross domestic product (GDP), is seen accelerating across ASEAN and especially in the Philippines, according to latest forecasts by Fitch Ratings.
Approved building permits in 3Q down 18% year-on-year to 37,845
Approved building permits in the third quarter declined 18 percent year-on-year to 37,845, with residential buildings still accounting for the bulk of the issued permits, data from the Philippine Statistics Authority showed.
National Treasury awards all P20B offered in bond auction
The National Treasury awarded the entire P20 billion worth of treasury bonds it offered at the auction Tuesday, with average rate lower.
AEV in definitive deal to purchase Phl Coke bottler
Aboitiz Equity Ventures Inc. said Monday it has entered into a definitive agreement with Coca-Cola Europacific Partners Plc for their joint acquisition of Coca-Cola Beverages Philippines Inc., which values the beverage bottler at USD1.8 billion on a debt-free, cash-free basis.
Bureau of Treasury launches 1st tokenized treasury bonds
The Bureau of the Treasury launched Monday the Philippines’ maiden offering of peso-denominated Tokenized Treasury Bonds to raise at least P10 billion from the domestic capital market.
