Nonbank lenders bridge funding for small businesses — Asialink
NONBANK financial institutions (NBFIs) have been stepping in to provide the funding needs of small businesses, the head of a financing firm said, citing...
How PSEi member stocks performed — May 2, 2023
Here’s a quick glance at how PSEi stocks fared on Tuesday, May 2, 2023.
Power outage cancels NAIA flights; probe ensues
UP TO 48 flights were canceled while some were delayed on Monday because of a power outage at Terminal 3 of the Ninoy Aquino International Airport (NAIA), authorities said.
SM Prime name, size seen to bode well for REIT listing
SM PRIME Holdings, Inc.’s real estate investment trust (REIT) may be well received by investors due to the potential size of the offering and...
Spain’s Acciona keen on more water, transportation projects
SPANISH infrastructure company Acciona aims to secure more contracts from the government’s transportation and water treatment projects, its regional official said.
“Yes, definitely, we are...
ENEX looks at joining Meralco power auction
ACEN Corp. said its subsidiary ENEX Energy Corp. is looking to participate in Manila Electric Co.’s (Meralco) power auction.
“We have a joint venture, which...
Tax appellate court partially grants Maersk’s refund claim
THE COURT of Tax Appeals (CTA) has granted part of Maersk Global Services Centres (Philippines) Ltd.’s tax refund claim in the amount of P34.61...
PSE aims to provide platform for listed companies
PHILIPPINE Stock Exchange, Inc. (PSE) is hosting another “investor day” program as it aims to provide a platform to discuss the first-quarter earnings and...
Toyota recalls certain GR Supra, 86 models
TOYOTA Motor Philippines Corp. (TMP) has issued a recall on selected units of its two sports car models, GR Supra and 86, due to...
Subway comes up with $5 billion debt plan to clinch $10 billion-plus sale -sources
NEW YORK - The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition financing plan, hoping to overcome a challenging environment...
San Miguel’s beer unit posts 38% profit increase
SAN MIGUEL Corp.’s beer business reported a 38.2% rise in consolidated net income for the first quarter to P6.8 billion due to higher revenues,...
DITO prepares to pilot-test low Earth orbit satellite this year
DITO Telecommunity Corp. is expecting to finalize a deal that will allow it to start this year pilot testing low Earth orbit (LEO), a...