Lopez-led Energy Development Corporation (EDC) listed on Friday (June 25) with the Philippine Dealing and Exchange Corporation (PDEx) the P5.0 billion first tranche of its ASEAN green bonds. The issue, which has been oversubscribed due to buoyed interest of investors, is part of the P15 billion...
The Bank of the Philippine Islands (BPI) Foundation is planning to set up foodsheds in different locations in the country to provide a livelihood to communities. As a start, BPI Foundation has partnered with the World Wide Fund for Nature (WWF) Philippines and the Bank of the Philippine Islands...
The targeted P15 billion proceeds from the ASEAN green bonds issuance of Energy Development Corporation (EDC) will bankroll the expansion projects being lined up by the company. The shelf registration of EDC’s green bond issuance had already secured the approval of the Securities and Exchange...
FGP Corp., which is a subsidiary of Lopez-led First Gen Corporation, has inked a six-year US$308 million loan facility with four banks – the proceeds of which will primarily be allocated to refinance debts funneled to its 500-megawatt San Lorenzo gas fired power plant; while the rest will be...
The private sector welcomed the recent implementation of Department of Agriculture (DA) Administrative Order (AO) No. 11-2021, saying the order waiving pesticide residue analysis fees is a big help to thousands of struggling farmers, exporters and micro, small and medium enterprises (MSMEs). In an...
SPEAKING OUT Ignacio R. Bunye A new face, but a familiar one. Last April 22, the Bank of the Philippine Islands (BPI) welcomed Jose Teodoro “TG” Limcaoco as its new president and CEO. The new chief is no stranger to the bank. Prior to his new role in BPI, TG Limcaoco served as Ayala’s chief...
The Philippine Stock Exchange has invited top executives of publicly-listed firms to talk about their successful initial public offering (IPO) journey and share with potential listing applicants the benefits their companies enjoy from going public. The PSE said these executives will be part of a...
The reins of Ayala Corporation have been passed on to a new Zobel but the firm continues to look for fresh opportunities as it is cautiously optimistic about its post-COVID prospects. “We are cautiously optimistic about the business environment and will continue to prepare for a post-...
Two of the country’s big banks BDO Unibank Inc. and Bank of the Philippine Islands (BPI) are currently looking into acquiring Citi Philippines’ retail business after its parent global company, US-based Citibank N.A., announced its planned exit. BDO president and CEO Nestor V. Tan said...
Ayala-led Bank of the Philippine Islands (BPI) will spend P10-11 billion this year as information technology (IT) and cybersecurity investments, more than it has been paying for digitalization in the last five years. The big bank’s newly-minted president and CEO, Jose Teodoro “TG” Limcaoco, a...
Users can now make instant cash-ins to their GrabPay wallet for free by linking it to their bank accounts (Banco de Oro (BDO), Bank of the Philippine Islands (BPI) and Unionbank) or visiting the nearest SM mall or 7-Eleven store. “Our partnership with three of the biggest banks and leading...
SPEAKING OUT Ignacio R. Bunye On April 22, Bank of the Philippine Islands (BPI) will have a changing of the guard. Cezar “Bong” P. Consing will step down as president in favor of Jose Teodoro “TG” Limcaoco, another stalwart of the BPI/Ayala group. Consing will remain as a director and...
