The Issue Credit Rating for Arthaland Corporation’s (ALCO) P3.0 billion Fixed-rate ASEAN Green Bonds has been upgraded by Philippine Rating Services Corporation (PhilRatings) to PRS Aa,from PRS Aa minus. AStable Outlook was likewise assigned to the rating for the initial issuance in...
San Miguel Corporation (SMC) will commence building its P740-billion Manila International Airport project in Bulacan in the first quarter of 2021. The conglomerate has awarded the US$1.73-billion contract for land development works of the airport to Dutch firm Royal Boskalis Westminster...
SB Capital Investment Corporation (SB Capital), the investment arm of Security Bank Corporation (SBC), was recently recognized by The Asset and FinanceAsia Awards for its participation in several fund-raising activities. In a statement, SBC said SB Capital was cited for its role as lead arranger,...
The San Miguel group’s South Luzon Tollway Corporation has retained the highest PRS Aaa issue credit rating with a stable outlook from the Philippine Rating Services Corporation (PhilRatings) for its outstanding Fixed-rate bonds of P4.9 billion. SLTC was incorporated primarily to engage in...
Motorists using diesel in their vehicles will be shelling out additional P0.60 per liter; and P0.50 per liter for gasoline, based on the upward adjustments implemented by the oil companies this week. For kerosene, the industry players also sent pricing advisory notices that this fuel commodity will...
While the Philippine stock market continues to defy expectations of a correction, analysts continue to believe that it is time to take some money off the table as stock prices have gone up too high, too fast. Seen...
The board of directors of First Gen Corporation approved the declaration of cash dividends on array of its preferred shares that shall be paid to its shareholders by January next year. The company, in its disclosure to the Philippine Stock Exchange (PSE), stated that it will extend cash dividend of...
The Philippines has no choice. The only way to recover from the pandemic is to go digital. So says Ayala Corp. Chairman and CEO Jaime Augusto Zobel de Ayala, popularly known as JAZA. Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala (Ayala Corp / MANILA BULLETIN) “We realized...
Tim Cone surpasses Jawo as Ginebra’s winningest coach Tim Cone embraces LA Tenorio after the Barangay Ginebra Gin Kings won over the TNT Tropang Giga in Game 5 of the PBA Philippine Cup Finals on Wednesday. (PBA Images) Tim Cone set another milestone after leading Barangay Ginebra San Miguel to...
Glitches in the cashless toll system, like the one which North Luzon Expressway Corporation (NLEX Corp) admitted to, are "not new," the Toll Regulatory Board (TRB ) declared in its statement issued late last night (December 8, 2020). Such glitches are "subject to notices to correct", the TRB...
The Philippines and Hungary signed three memorandum of understanding and agreed to push further bilateral economic relations with targeted sectors for cooperation, particularly startups, at the recent Second Session of the Philippine-Hungarian Joint Commission on Economic Cooperation held in Makati...
After Valenzuela City Mayor Rex Gatchalian suspended North Luzon Expressway (NLEX) Corp.'s business permit on December 7 due to traffic congestion resulting from its cashless toll collection scheme, the company said it “will implement several measures to resolve the Valenzuela issue to protect...
