Company Overview and News

to your dashboard

Headline News

It’s bonding time of year for Fil-Ams in NY and NJ

“Sakay na!”, a jeepney standup display, side by side with a nipa hut, welcoming all the visitors of the Philippine Consulate General of New York to a heart-warming salu-salo after traditional Simbang Gabi Masses for nine consecutive nights. In jeepney photo (left to right) are Fr Patrick Longalong and Manila-based priest Fr. Rogie Castellano, C.P. Ambassador Mario Lopez De Leon Jr (center nipa hut) is an active mover of the Filcom organizations. (3-0)

Major Philippines banks get rating upgrade

2017-12-14 philstar
MANILA, Philippines — Fitch Ratings has raised the credit ratings of the country’s largest banks as well as government financial institutions after the Philippines received a credit rating upgrade on the back of the improving economy. (12-0)

Fitch upgrades lenders’ ratings

2017-12-14 bworldonline
FITCH RATINGS raised its scores for government-owned Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) to investment grade following its move to upgrade the sovereign’s rating earlier this week. (12-0)

SMC Global Power launches new P20B bond offer

The power generation arm of conglomerate San Miguel Corp. returned to the local bond market on Tuesday with a new offering of P20 billion worth of retail bonds at multi-year tenor. (26-0)

3 PNB execs to be tried for behest loans

State prosecutors have filed graft charges in the Sandiganbayan against three surviving board members of Philippine National Bank (PNB) for granting roughly P200 million in behest loans to “cronies” of the Marcos dictatorship 37 years ago. (2-0)

How digitization is changing the insurance landscape in Asia Pacific, Philippines

2017-12-06 philstar
SINGAPORE — As one of the oldest industries in the world, insurance is also one of the most traditional, especially with the advent of agents selling bonds, claims, premiums and quotes, among other products. (2-0)

Investors swarm P255-B RTB offer

2017-12-04 philstar
MANILA, Philippines — The government issued yesterday P255.4 billion worth of retail Treasury bonds (RTBs) at a fixed rate of 4.625 percent, the Bureau of the Treasury (BTr) said. (11-0)

NOW to enter residential broadband market

2017-11-27 philstar
MANILA, Philippines — NOW Corp., known for its Fiber Air service, is entering the residential market. The service is unique because of its guaranteed and committed minimum speed already enjoyed by highly demanding enterprise clients. (2-0)

Bond exchange sees banner year

2017-11-25 philstar
MANILA, Philippines — The Philippine Dealing and Exchange Corp. (PDEx), the country’s trading platform for fixed income securities, said it expects 2017 to be another banner year as more companies raise funds through the bond market. (9-0)

BPI LTNCTD issue expanded to record P12.24-billion

2017-11-24 bworldonline
BANK of the Philippine Islands (BPI) listed P12.24 billion worth of long-term notes yesterday, marking the entry of the bank into the fixed income exchange. (11-0)

Allianz PNB Life seeks distribution partner

2017-11-21 philstar
MANILA, Philippines — Life insurer Allianz PNB Life Insurance Inc. is on the look out for a new distribution partner that would allow the company to compete in the microinsurance business. (2-0)

BTr sells P130 B retail T-bonds

2017-11-20 philstar
MANILA, Philippines — The Bureau of the Treasury (BTr) raised P130 billion yesterday from the sale of five-year retail treasury bonds (RTBs) at a coupon rate of 4.625 percent amid healthy demand from investors. (11-0)

LT Group income up 9% in 9 months

2017-11-11 philstar
MANILA, Philippines — LT Group Inc. (LTG), the holding company of taipan Lucio Tan, grew its nine-month net income by nine percent to P6.83 billion, driven by its tobacco business. (5-0)

More holding firms turn in positive results

2017-11-10 bworldonline
FIVE MORE conglomerates reported favorable results on Friday, firming a generally positive picture of listed holding companies in the third quarter and the nine months to September. (52-0)

Banks say selected branches to close during ASEAN holidays

2017-11-10 bworldonline
BANKS said branches in Metro Manila, Bulacan and Pampanga will remain open during the three-day holiday for the Association of Southeast Asian Nations (ASEAN) Summit, with some exceptions. (15-0)