Part of the proceeds of the Philippine government’s planned USD500-700 million Samurai bond issuance this 2018 will be used to finance the rehabilitation of the state-owned asset in Nanpeidai, Shibuya in Japan.
Philippine equities are unlikely to return to bear territory for some time despite volatility in global markets, with the country’s long-term economic growth prospects remaining intact against a backdrop of normalizing interest rates and mounting inflation pressure, stock market analysts said on Tuesday.
The government's bid to improve telecommunications services in the country has taken a step forward with the Department of Information and Communications Technology’s (DICT) release on Monday of draft criteria for selecting the third major service provider.
The Udenna Group on Monday called "unduly harsh and uncalled for" the Philippine Competition Commission's (PCC) decision declaring void Udenna’s acquisition of KGL Investment B.V. for non-notification of the transaction with the PCC.
Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China’s multibillion-dollar Belt and Road Initiative in an attempt to counter Beijing’s spreading influence, the Australian Financial Review reported on Monday, citing a senior US official.
Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December.
All PSBank branches will be closed on February 16 for the Chinese New Year but the bank said all its 609 ATMs will be online and PSBank Mobile and PSBank Online (Internet banking) will remain available.
Businesses’ compliance with higher taxes on cigarettes - and not the impact of tax reform - is the main factor behind the big jump of the Philippines’ inflation rate in January 2018 to 4 percent from 3.3 percent in December 2017.