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Philippines
Thursday, May 9, 2024

Business

Global investors flock to $2-b PH bond offering

The Philippine government returned to the international capital markets for the first time in 2024, successfully placing $2 billion in dual-tranche 10-year and 25-year fixed-rate global bonds. The Department of Finance said in a statement Wednesday the government took advantage of improving market sentiment following a softer-than-expected US labor market print which alleviated concerns over the Fed rate path. The success of the offering illustrated the Philippines government’s ability to...

Cebu Pacific’s profit doubles to P2.2b amid strong travel

Cebu Pacific said Wednesday it recorded an operating income of P2.6 billion...

SM Group eyes $3-b European note issuance

Conglomerate SM Investments Corp. (SMIC) and its property arm SM Prime Holdings...

Watchdog backs ERC appeal on Meralco-SMC deals

The watchdog group Power for People Coalition (P4P) expressed support for the...

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Upgraded NAIA taxiways expected to boost flight and passenger safety

The Department of Transportation said over the weekend it expects flight movement and air passenger safety at the Ninoy Aquino International Airport to significantly...

Romero’s One Power explores new locations to expand solar power capacity by 300 MW in two years

One Power Corp., a company owned by the family of Rep. Mikee Romero,plans to expand its solar portfolio by another 300 megawatts until 2023. “We...

DOE, Germany’s MAN sign natural gas accord

The Department of Energy announced over the weekend the signing of a memorandum of understanding with MAN Energy Solutions SE of Germany in line...

MPT Mobility investing P1b to expand services

MPT Mobility, a wholly-owned subsidiary of Metro Pacific Tollways Corp., said it is spending nearly a billion pesos this year to expand its mobility...

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