After its ₱5 billion bond offering period, San Miguel Corporation (SMC) affiliate Bank of Commerce (BankCom) was assigned an Issuer Credit Rating of PRS Aa plus (corp.), with a stable outlook, by Philippine Rating Services Corporation (PhilRatings). An Issuer Credit Rating is an opinion on the...
While Malacañang was grateful that 59 percent of Filipinos were satisfied with the administration of President Marcos, it reiterated that such "periodic mood meter readings" are not the basis of effective public service. Executive Secretary Lucas Bersamin (John Louie Abrina) In a statement,...
Global Dominion Financing Inc. (GDFI), a member of the Asialink Group, has been assigned an Issuer Credit Rating of PRS A plus (corp.), with a stable outlook, by the Philippine Rating Services Corporation (PhilRatings). In a statement, PhilRatings said a company rated PRS A has an above average...
Cebu Landmasters Inc. is raising P10 billion from the capital market this year through the issuance of sustainability-linked bonds in two tranches to fund its entry to the Luzon market as well as capital expenditures for its ongoing projects in Visayas and Mindanao. In a media interview, CLI...
Property developer DoubleDragon Corporation, a partnership between tycoons Tony Tan Caktiong and Edgar Sia II, has set the interest rate for its planned P10 billion issuance of long-term peso retail bonds at 7.77 percent per annum. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
(Social Weather Stations) A non-commissioned survey conducted by the Social Weather Stations (SWS) from Dec. 12 to 18, 2024 revealed a decline in satisfaction ratings of key government officials, specifically Vice President Sara Duterte, Senate President Francis Escudero, Speaker Martin Romualdez,...
President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) President Ferdinand Marcos Jr.’s net satisfaction rating has dropped significantly in December 2024, based on the Social Weather Stations (SWS) survey results released on Wednesday, Jan. 15. The nationwide non-commissioned...
Governance score cards should not be confined to trust rating surveys, Malacañang said after President Marcos' approval and trust ratings declined. Executive Secretary Lucas Bersamin (PPA/KJ Rosales) In a statement, Executive Secretary Lucas Bersamin emphasized that to consider surveys as the...
VisMin developer Cebu Landmasters Inc. is planning to raise up to P5 billion from the planned issuance of Sustainability-Linked Bonds which will be the second tranche of its three-year Shelf Registration program amounting to P15 billion. Philippine Rating Services Corporation (PhilRatings) said it...
Filinvest Land Inc. (FLI), the listed property unit of the Gotianun Group, has secured the highest PRS Aaa Issue Credit Rating from Philippine Rating Services Corporation (PhilRatings) for its planned bond issuance of up to P12 billion. In a statement, PhilRatings said FLI is planning to issue...
The Sy family’s SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, plans to raise up to P25 billion from the issuance of triple-A-rated bonds. In a disclosure to the Philippine Stock Exchange (PSE), the firm said Philippine Rating Services Corporation (PhilRatings)...
Speaker Martin Romualdez led House of Representatives officials Wednesday, Nov. 27 in hailing the Philippines’ recent credit rating outlook upgrade from "stable" to “positive” by S&P Global Ratings. Romualdez said the credit rating boost reflected the unified leadership and...
