H2O investors hold on to shares after Udenna offer to buy
NO SHARES were tendered after Udenna Corp. offered to buy 37.994% of Philippine H20 Ventures Corp.’s issued and outstanding common shares to complete its acquisition of the company.
Money supply growth slows down in April
MONEY SUPPLY continued to grow at the start of the second quarter although slightly slower than the previous month, even as bank lending accelerated, the Bangko Sentral ng Pilipinas (BSP) said in a statement released late Thursday.
BSP lowers TDF volume for retail bond issuance
THE BANGKO Sentral ng Pilipinas (BSP) reduced the offer volume for the one-week term deposit facility (TDF) auction next week to make way for the government’s retail Treasury bond (RTB) issuance.
Thrift bank sector assets grow in Q1 with credit expansion
THE THRIFT banking industry posted growth in the first quarter on the back of credit expansion among lenders.
Business confidence steadies in Q2
OPTIMISM among firms in the country steadied in the second quarter from the preceding three months -- though it dropped from a year ago -- in the face of expectations of higher prices of goods and as businesses continued to adjust to a new tax regime, a recent central bank survey showed.
‘Good reception’ seen as RTB sale begins
THE FIRST DAY of sale of the three-year retail Treasury bonds (RTB) bared strong demand for the debt papers amid ample liquidity in the market.
Infrastructure, other capital outlays surge
STATE SPENDING on infrastructure and other capital outlays nearly doubled in April as the government ramped up construction and improvement of roads and flood control systems and bought more equipment for its schools, the Budget department reported on Wednesday.
BSP readies regular poll on bankers’ outlooks
THE BANGKO SENTRAL ng Pilipinas (BSP) will conduct a regular poll to get bank executives’ outlook on economic growth and business prospects.
URC to build P1-B Vita Soy facility
UNIVERSAL ROBINA Corp. (URC) is investing around P1 billion to build a new facility that will locally produce its Vita Soy drinks, its chairman said.
Meralco to build microgrids outside franchise area
MANILA ELECTRIC Co. (Meralco) plans to build microgrids outside its franchise area to serve communities that remain without access to electricity, its president said.
VLL to end year with 30 malls
VISTA LAND & Lifescapes, Inc. (VLL) targets to have 30 Vista Malls by the end of 2018, located near its master planned projects to support the needs of its residents.
PhilCare rolls out OFW plan
PHILHEALTHCARE, INC. (PhilCare) is rolling out a new product catering to overseas Filipino workers (OFWs) starting with those based in Israel, as part of the firm’s venture into alternative market segments to expand their coverage.