Easing global oil prices could provide the Philippines with a timely economic tailwind, strengthening the peso, improving financial conditions and giving the Bangko Sentral ng Pilipinas (BSP) greater scope to ease monetary policy, according to Manulife Investment Management.
Manulife Philippines has appointed Manish Sangal as deputy chief executive officer as the insurer strengthens its leadership team and accelerates its digital transformation strategy in the Philippine market.
Manulife has secured approval from the Toronto Stock Exchange for a normal course issuer bid, allowing the insurance company to buy back and cancel up to 42 million of its common shares. Outside Canada and the U.S., Manulife said it may undertake similar buybacks in other markets where it is listed, such as the Philippine Stock Exchange, in compliance with local regulations.
Manulife Financial Corp. has priced a USD1 billion public offering of senior notes at 100 percent of face value, as the global insurer moves to reinforce its funding base and prepare for upcoming refinancing needs.
The equities faced a subdued market in the first quarter of 2025, as a lack of strong positive catalysts kept investor sentiment in check, the head of equities markets at the insurer Manulife said on Friday.
Global photonics company Coherent is exploring further expansion of its Philippine operations as surging demand for artificial intelligence, data centers, and semiconductors drives the need for advanced optical and connectivity technologies.
The Mitsubishi Pajero could return to Philippine roads after a five-year absence as Mitsubishi Motors prepares to roll out its redesigned flagship SUV across about 100 markets beginning fiscal 2027.
The Asian Infrastructure Investment Bank (AIIB) has committed about USD200 million in potential financing for a Metro Manila “Sponge City” project designed to strengthen the capital region’s defenses against increasingly severe flooding.
The Bank of the Philippine Islands (BPI), on its 175th anniversary, is rolling out enhanced benefits under its BPI Auto Loan Dream More Deals to make car ownership simpler, more affordable, and free from unexpected costs. Eligible customers can now secure up to five years of complimentary car insurance alongside significant fee waivers and lower interest rates, designed to remove common financial concerns that come with owning a vehicle.