SM group raising funds via 18-month debt note issuance

The country’s largest conglomerate, SM Investments Corp. (SMIC), is raising P5.6 billion through the issuance of debt notes to selected institutional investors. The 18-month fixed-rate notes were priced to yield 2.875 percent a year and will mature on Jan. 22, 2022. The notes will be listed on the local fixed income trading platform, Philippine Dealing […]

Group seeks release of P1.4B in farm credit fund

The Federation of Free Farmers (FFF) urged the Department of Budget and Management (DBM) on Friday to immediately release the remaining funds under the Agricultural Competitiveness Enhancement Fund (ACEF) to address the urgent need of farmers for credit given the...

LT Group cautious amid looming economic recession

LUCIO Tan Tycoon Lucio Tan-led conglomerate LT Group Inc. (LTG) is bracing for a tougher period for its tobacco, liquor, property and banking businesses for the remainder of 2020, during which the domestic economy is expected to fall into a recession for the first...

Bankers group vouches for integrity of PH banks

The Philippine financial system is “sound” and “very strict” rules are in place when it comes to the issuance of bank certifications, the Bankers Association of the Philippines (BAP) assured in the midst of controversy relating to beleaguered German fintech Wirecard....