Investors’ risk-off sentiment amid rising oil prices continued to lift the United States (US) dollar, while the Philippine peso remained on the losing end, plummeting anew to a level approaching the ₱61-per-dollar mark. The peso fell to another record low against the US dollar for the third...
GO2Meds, a Philippine pharmaceutical retailer, entered into a partnership with Global SME Loans Inc. to provide financing and operational support for the expansion of community pharmacies across the archipelago. The collaboration aims to address the rising demand for affordable maintenance...
GT Capital Holdings Inc., the Ty family’s flagship investment firm, has infused ₱9.16 billion into its wholly owned property subsidiary Federal Land Inc. through the acquisition of a 20-percent stake in the unit’s joint venture (JV) with Nomura Real Estate Development Co. Ltd. (NRE). In a...
The Philippines joined 33 other economies in calling for the much-needed revival of the trade dispute settlement system within the World Trade Organization (WTO), in a bid to uphold rules-based stability amid deep uncertainty for global trade. In a joint statement over the weekend, member economies...
The Bureau of Immigration (BI) on Friday, March 27, vowed to pursue all legal remedies on the issue of “multiple identities” against Global Ferronickel Holdings, Inc. (FNI) chairman Joseph Sy. “We will exhaust all legal remedies available to hold accountable those who attempt to deceive...
The Global Finance Convention (GFC) is the premier flagship event organized by the Management of Financial Institutions Association (MaFIA) of De La Salle University–Manila. Now in its 10th year, MaFIA remains committed to sparking high-level discussions by providing a professional and...
San Miguel Global Power Holdings Corp. won approval from the Securities and Exchange (SEC) Commission to raise as much as ₱30 billion through a bond offering to refinance its debt and bankroll the expansion of its renewable energy portfolio. The regulator’s en banc commissioners rendered the...
DoubleDragon Corp.’s hospitality arm, Hotel101 Global Holdings Corp., opened its Madrid flagship, the first time a homegrown Filipino hotel brand has expanded operations into the European market. In a statement , DoubleDragon said the 680-room Hotel101-Madrid, located in the Valdebebas district,...
There are only a handful of local labels I’ve witnessed grow from inception to full-fledged global enterprises. One of them is Sunnies Studios. What began in 2013 as an eyewear label founded by Bea Soriano-Dee, Eric Dee, Georgina Wilson, Martine Ho, and Jess Wilson has evolved into a multi-brand...
WASHINGTON (AP) — The number of days when the weather gets hot, dry and windy — ideal to spark extreme wildfires — has nearly tripled in the past 45 years across the globe, with the trend increasing even higher in the Americas, a new study shows. And more than half of that increase is caused...
San Miguel Global Power Holdings Corp. (SMGP) has secured the highest possible credit rating for its planned ₱30 billion bond issuance, as the energy giant leverages recovery in earnings and massive expansion pipeline to bolster its financial standing. Philippine Rating Services Corp....
The Securities and Exchange Commission (SEC) has penalized Global Dominion Financing Inc. for employing unfair and abusive debt collection practices through third-party agents amid tightening of oversight on the nation’s lending sector. In a formal order, the SEC’s Financing and Lending...
