Robinsons Land makes P13.2B from fresh bond offer

Gokongwei-led property developer Robinsons Land Corp. (RLC) has raised P13.2 billion from a new offering of local bonds as it took advantage of the slowdown in local interest rates to beef up funds for working capital and future expansion. RLC sold three-year and five-year fixed-rate with a yield of 3.683 percent and 3.8 percent per […]

Property stocks bomb in humdrum trade

The local stock barometer slipped in another thin tra­ding session on Friday as investors dumped large-cap stocks, especially property firms. The main-share Philippine Stock Exchange index (PSEi) shed 58.91 points or 0.96 percent to close at 6,088.75 at the dawning of...

Globe returns to foreign bond market, raises $600M

Industry giant Globe Telecom Inc. successfully raised $600 million following its return to the international bond market after 16 years. The fund-raising measure, coming in the middle of the new coronavirus pandemic, was met with strong demand from investors. The...

GMA’s Affordabox ‘selling like hot pandesal’

Television giant GMA Network Inc.’s newly launched digital TV product is seeing a surge in sales while its main rival ABS-CBN remains shut from the airwaves by the Philippine government. During the company’s annual meeting on Friday, GMA chair and CEO Felipe Gozon...

AUB rolls out social, web commerce solution

The Rebisco group’s banking arm Asia United Bank (AUB) has unveiled a social and web commerce solution to help merchants, including beleaguered restaurant operators, stay afloat during this coronavirus pandemic by migrating all their processes to digital channels. AUB...