KEY interest rates are not expected to change for the rest of the year amid the projection of below 4-percent inflation by December, according to a joint research by the First Metro Investment Corporation (FMIC) and University of Asia and the Pacific (UA&P). The FMIC and UA&P study sees the…
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, has set the interest rate for its P10 billion Peso-denominated Series O, 7-year retail bond at 5.0994 percent. In a disclosure to the Philippine Stock Exchange, SM Prime said it issued an aggregate principa
Leading oil firm Petron Corporation has accomplished on Tuesday, Oct. 12, its listing with the Philippine Dealing and Exchange Corporation (PDEx) for the P18-billion first tranche of its fixed rate peso-denominated retail bonds. That bond issue will be the initial fund-raising activity of the oi
MANILA - Government spending, which expanded by 0.7 percent year-on-year last July, is expected to post faster growth in the coming months and boost economic recovery. Citing Bureau of the Treasury (BTr) data, the September 2021 issue of Market Call attributed the minute growth in government spending last July to government agencies' focus on finalizing their proposed 2022 budget with the Department of Budget and Management (DBM). "We expect NG (national government) spending to significantly pick up pace in the coming months with the Presidential elections in May 2022 only some nine months away," said Market Call, the joint publication of First Metro Investment Corporation (FMIC) and University of Asia and the Pacific (UA&P). BTr data show that state expenditures posted faster growth of 34.20 percent year-on-year last August, while it jumped by 10.94 percent year-on-year in the first eight months this year. As of end-August this year, government expenditures reached P
Aboitiz Power Corp. will funnel a significant portion of the proceeds from its P12-billion second tranche issue to its 74-megawatt solar farm project in Pangasinan. Apart from that, the power firm indicated that the capital raising activity targets to raise fresh cash that it can use “to refinan