Rockwell Land Corp., the high-end real estate developer controlled by the Lopez family, plans to raise as much as ₱10 billion through a bond offering to finance capital spending and its acquisition of a majority stake in the Alabang Town Center mall. In a disclosure to the Philippine Stock...
SMC Tollways Corp., the infrastructure arm of San Miguel Corp., reduced its interest-bearing debt through the end of 2024 as rising vehicle traffic across its network of expressways boosted cash flow and fortified its balance sheet. The company’s interest-bearing debt fell 6.1 percent to ₱52.3...
Philippine Bank of Communications (PBCom), the lender controlled by retail tycoon Lucio Co, is pivoting toward aggressive expansion of its low-cost deposit base to sustain momentum following its upgrade to a universal banking license. PBCom, which recently celebrated its 85th anniversary, is...
Niche residential developer Haus Talk Inc. plans to raise as much as ₱2 billion through its debut bond offering to finance land acquisitions and accelerate the construction of housing projects. In a disclosure to the Philippine Stock Exchange, Haus Talk said the company will offer ₱1 billion in...
The Securities and Exchange Commission (SEC) has approved the planned ₱5-billion sustainability-linked bond offering of Cebu Landmasters Inc., representing the third and last tranche of securities registered under its shelf registration of ₱15-billion debt securities program. In a disclosure to...
Philippine Rating Services Corp. (PhilRatings) has upgraded the issue credit rating of STI Education Services Group Inc.’s (STI ESG) outstanding bonds amounting to ₱820 million to PRS Aa, with a stable outlook, from the previous rating of PRS A plus, with a positive outlook. Obligations rated...
Malacañang has attributed the increasing hunger rate to the series of natural disasters that have hit the country in recent months. "Huwag po natin kalimutan na sunud-sunod ang kalamidad na naranasan ng mga kababayan po natin – nakaapekto po ito sa patuloy po na pagtatrabaho ng ating pamahalaan...
Energy Development Corp. (EDC), the Lopez Group 's renewable energy arm, has maintained its top-tier financial standing, receiving the highest PRS Aaa credit rating with a Stable Outlook from Philippine Rating Services Corp. (PhilRatings) for its ₱12.5 billion in outstanding Fixed-Rate ASEAN...
The Securities and Exchange Commission (SEC) has approved the planned fixed-rate retail bond offering of SM Prime Holdings, Inc., worth up to ₱17 billion under the company’s ₱100 billion shelf registered bonds. In a disclosure to the Philippine Stock Exchange, SM Prime said it has received...
Pulse Asia’s “Ulat ng Bayan” survey conducted from Sept. 27 to 30 showed a decline in President Ferdinand Marcos Jr.’s trust and approval ratings, while Vice President Sara Duterte maintained majority trust despite a slight decrease in her performance score. The survey, based on...
President Marcos continues to be unfazed over the decline in public trust for him in September, Malacañang said. A Social Weather Stations (SWS) survey released on Wednesday, Oct. 15, showed that Marcos posted a trust rating of 43 percent, down from 48 percent in June. The survey conducted from...
The Securities and Exchange Commission (SEC) has approved the planned offering by real estate giant Ayala Land Inc. (ALI) of Association of Southeast Asian Nations (ASEAN) sustainability-linked bonds to raise up to ₱15 billion for the payment of debt and funding of capital expenditures (capex)....
