Cebu-based fuel retailer Top Line Business Development Corporation has decided to move the offer period for its P3.16 billion initial public offering (IPO) to the first quarter of 2025 from the initial kick off targeted on Nov. 27. In a statement, the firm said they decided to postpone the offering...
Homegrown non-bank Asialink Finance Corp. (AFC) has secured a total of at least $200 million (over P11.7 billion) in loans from two multilateral lenders to support its small business lending in the Philippines. Minutes of an Oct. 9 meeting of the Washington-based International Finance Corp. (IFC)...
Chelsea Logistics and Infrastructure Holdings Corp. narrowed its net loss by 71 percent in the first nine months of the year to P301 million from the P1.04 billion registered in the same period last year, largely due to its ongoing debt restructuring efforts. However, consolidated revenues rose by...
Eugene S. Acevedo, president and chief executive officer of Rizal Commercial Banking Corp. (RCBC), recently became a two-time author with the launch of his second book, "Reinvent and Outperform: Becoming a Better Leader." The event was graced by no less than the bank's chairman, Helen Y. Dee, the...
The country's gaming industry revenue surged by 37.5 percent in the third quarter of the year to P94.61 billion, driven by the robust growth of the electronic gaming sector, the Philippine Amusement and Gaming Corp. (Pagcor) said. In a statement on Thursday, Nov. 14, Pagcor Chairman and CEO...
Southeast Asian countries like the Philippines stand to benefit from greater interest among global investors looking to finance profitable and scalable decarbonization as well as "green" projects in the region. On the sidelines of the ongoing 29th Conference of the Parties (COP29) to the United...
Citicore Energy REIT Corporation (CREIT), the country’s only renewable energy real estate investment trust, posted a two percent improvement in net income, reaching P1.04 billion in the first nine months of 2024, up from P1.02 billion in the same period last year. In a disclosure to the...
Brands from food and beverage firm Universal Robina Corp. (URC) continue to be among the top choices among millions of Filipino households, according to brand consulting firm Kantar Group’s Brand Footprint report Six brands made by food and beverage firm Universal Robina Corp. (URC) are still...
The Securities and Exchange Commission (SEC) reported that it has secured the conviction of the incorporators of Prosperous Infinite Holdings Phils. Corp. (PIHPC) and operators of Emgoldex Philippines for soliciting investments from the public without necessary license from the commission. In a...
Low-cost Asian manufacturers may benefit from Donald Trump's forthcoming return to White House, despite the likelihood of weaker Asian currencies, including the Philippine peso, according to the think tank Capital Economics. “Asian currencies have depreciated against the US dollar since the...
Young Filipino adults are getting sickly and many of them suffering from mental health issues; it does not help they also shell out more money from their own pockets to cover medical expenses, according to a survey of the local subsidiary of global insurance giant Manulife Financial Corp....
Homegrown instant payment systems provider Higala Group Inc. has partnered with Yuchengco-led Rizal Commercial Banking Corp. (RCBC) to roll out the SynerFi platform for small lenders’ digital transactions in the countryside. SynerFi’s open-payments infrastructure grants customers of rural banks...
