The Bangko Sentral ng Pilipinas (BSP) said net hot money withdrawals for the month of April totaled $312.18 million, more than the $236.02 million outflows in March as investors took gains for profit-taking.
Lucio Tan-led Philippine National Bank is looking to return to the offshore debt market this year to raise at least $300 million from the issuance of dollar bonds.
Casino-to-port billionaire Enrique Razon Jr is doubling down on his investment in Manila Water with the purchase of $252 million additional shares from Ayala Corp.
GGRAsia – Philippines-listed DigiPlus sees 1Q income up 370pct ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.