Former BPI president and CEO Xavier Loinaz passes away
VETERAN BANKER and former Bank of the Philippine Islands (BPI) President and Chief Executive Officer (CEO) Xavier P. Loinaz died on Oct. 4, the...
MPTC seeks SEC approval for P20-B fixed-rate bond issuance
METRO Pacific Tollways Corp. (MPTC) is seeking regulatory approval to raise up to P20 billion through a bond issuance to help finance its expressway...
Toyota Financial Services launches P2-billion bond offer
TOYOTA Financial Services Philippines Corp. (TFSPH), the automotive financing and leasing arm of GT Capital Holdings, Inc., has launched its P2-billion maiden bond offering...
Philippines to open January rice import window, extend ban through end-2025
By Kenneth Christiane L. Basilio
The Philippines will implement a one-month rice import window in January next year and reimpose a halt from February to...
ACEN subsidiary gets P900-M financing for Quezon North Wind Farm
Giga Ace 6, Inc., a subsidiary of ACEN Corp., has secured P900 million in short-term financing from its parent company to fund the Quezon...
Philippines central bank projects current account deficit at 3.3% of GDP
MANILA - The Philippine central bank projected on Wednesday that the country will post a current account deficit equal to 3.3% of gross domestic...
Philippine manufacturing PMI deteriorates in September, first contraction in 6 months
FACTORY ACTIVITY in the Philippines contracted for the first time in six months in September, as manufacturers saw a drop in output and new...
PEZA greenlights nearly P49 billion worth of investments in September
The Philippine Economic Zone Authority (PEZA) has already achieved over 60% of its target approvals this year after greenlighting P48.87 billion worth of investment...
Philippines trade deficit at $3.5 billion in August
The Philippines posted a trade deficit of $3.5 billion for August, the lowest in six months, preliminary official data showed on Tuesday.
Preliminary data from...
ADB keeps Philippine growth forecast for 2025
The Asian Development Bank (ADB) maintained its gross domestic product (GDP) growth forecast for the Philippines this year, while trimming its projection for 2026,...
Philippine watchdog flags lawmaker, officials in P289.5-M flood project scam
The Independent Commission for Infrastructure (ICI) has tagged 18 people as being 鈥減otentially responsible鈥 for irregularities in a P289.5 million flood-control project in Naujan,...
DA eyes rice import ban extension until year-end
The Department of Agriculture (DA) is considering extending the ban on rice imports until the end of the year as farmgate prices of unmilled...