International news
News from wire services and other publishers.
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Fruitas ripe for next growth phase with P750 million PNB credit facility
Fruitas Holdings Inc., led by businessman Lester Yu, is ripe for its next growth chapter with a P750-million credit facility secured from Lucio Tan-led Philippine National Bank (PNB) that will support its continued…
Market volatile ahead of inflation report
The local stock market is expected to remain volatile this week, with higher inflation expectations seen weighing on equities.
Market’s narrowing breadth
Market breadth has deteriorated sharply the past month.
PNB open to selling stake in PNB Holdings
MANILA, Philippines — Lucio Tan-led Philippine National Bank has expressed willingness to sell its stake in listed real estate holding company PNB Holdings Corp. “Yes, we’re open,” PNB president and CEO Edwin Bautista…
UA&P: Ube sector must improve planting materials, productivity
The Philippines must improve the availability of planting materials and farm productivity to strengthen the local ube industry, according to the latest policy brief by the University of Asia and the Pacific-Center for…
Mitsubishi deal boosts Ayala FDI haul close to P100 billion
Mitsubishi Corp.’s P44.5-billion investment in Ayala Corp. has brought the recent wave of foreign direct investments (FDI) secured by the group to nearly P100 billion, underscoring the conglomerate’s ability to attract…
Poll: September inflation likely rose to 6.7%
Inflation likely picked up in September as higher fuel and food prices, weather-related supply disruptions and the peso’s weakness reversed four straight months of easing, economists said. A poll of 13 economists…
More Hong Kong homes sell at a loss despite signs prices have bottomed: agents
Despite signs that Hong Kong property prices could have bottomed out and begun rebounding in August, market sources said at least 100 secondary residential homes were sold at a loss in September, up from at least 81…
Sustained profitability of GCash IPO seen at lower starting price
The initial public offering (IPO) of GCash’s parent company is providing investors with a more attractive starting point following the company’s final pricing at P6.60 per share, while its sustained profitability…
GenSan biz group backs SOCOTECO II-IGNITE joint venture
The General Santos City Chamber of Commerce and Industry (GSCCCI) is calling for the resumption of a plebiscite on the proposed joint venture agreement (JVA) between South Cotabato II Electric Cooperative (SOCOTECO II)…
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