Manulife Investment Management and Trust Corp. is expanding its Philippine investment lineup with a global equity fund designed to give investors income potential while keeping a foothold in long-term growth across international markets.
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.
International Container Terminal Services Inc., or ICTSI, announced Tuesday it has secured a $1 billion, 10-year term loan from BDO Unibank Inc., with the company serving as sole borrower.
The Department of Environment and Natural Resources launched the Pinoy Biotech Hub today, a centralized digital platform linking Filipinos directly to local biotech solutions, collaborators, and innovations across agriculture, natural resources, and environmental management.
The Philippines and European Union have completed free trade talks, and the country’s top business group says small and medium enterprises stand to gain the most.