Manila-based Asialink Finance Corporation (AFC) expects to post about ₱2.7 billion in net income by year-end, driven in part by the fresh $75-million (around ₱4.36-billion) term loan facility it secured from United Kingdom-based Standard Chartered Bank (SCB). Asialink said the maiden loan...
The Duterte administration has tapped anew the overseas debt markets to bridge the government’s wider budget deficit and cushion the impact of the COVID-19 pandemic, the Bureau of the Treasury announced. The national government is offering to overseas investors its 10.5-year and 25-year...
NEW YORK (AFP) - Shares in major banks including HSBC, Deutsche Bank and JPMorgan Chase were hammered Monday following allegations they had handled huge sums of dirty money for almost 20 years. An investigation by Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ)...