DBS sees below-target PHL growth until 2026
Decorations for the Lunar New Year are seen at a mall in Quezon City. — PHILIPPINE STAR/NOEL B. PABALATEPHILIPPINE gross domestic product (GDP) growth may fall below the government’s target for this year and next, DBS Bank said, even as
InstaPay, PESONet transactions surge in ’24
FREEPIKTHE VALUE of transactions done via InstaPay and PESONet jumped to P17.42 trillion in 2024, data from the Bangko Sentral ng Pilipinas (BSP) showed. Central bank data showed transactions coursed through the two automated clearing houses surged by 35.4% last year
Cebu Landmasters allots P12B for Luzon entry
CEBULANDMASTERS.COMVISMIN property developer Cebu Landmasters, Inc. (CLI) is earmarking P12 billion for the initial phases of its two maiden projects in Luzon as the company expands its market presence nationwide. CLI Chairman and Chief Executive Officer Jose R. Soberano III said
Topline cuts IPO size to P900M, eyes Q2 listing
BW FILE PHOTOBy Revin Mikhael D. Ochave, Reporter CEBU-BASED fuel retailer Top Line Business Development Corp. (Topline) has lowered the size of its planned initial public offering (IPO) to around P900 million from the previous P3.16 billion after talks with potential
SM Retail taps Meralco’s MPower for RE supply
PRESENT DURING the ceremonial signing (L-R) were MPower Strategic Account Management Head Rolando Abrojena, Meralco First Vice-President and MPower Head Redel Domingo, SM Retail Executive Vice-President for Controllership and Financial Planning Jonathan Ng, and SM Retail Vice-President for Workplace and
RCBC raises $350M from sustainability bonds
RIZAL COMMERCIAL Banking Corp. (RCBC) has raised $350 million from its offering of five-year sustainability bonds, marking its return to the dollar debt markets after a year. The five-year senior unsecured fixed-rate sustainability notes were priced at a coupon of 5.375%
SteelAsia says P30-B Candelaria plant to produce over 1M tons of steel
STEELASIA MANUFACTURING CORP FACEBOOKSTEELASIA Manufacturing Corp. said it has awarded the engineering, procurement, and construction management (EPCM) contract for its P30-billion plant in Candelaria, Quezon, which is expected to produce over one million tons of structural steel. SteelAsia awarded the contract