Chinabank sees double-digit growth in credit card loans
CHINA BANKING Corp. (Chinabank) expects its credit card loans to grow by double digits this year and next as the Philippine central bank’s policy easing cycle is seen to …
Category: Business
CA backs employer in probationary dismissal case
THE COURT of Appeals (CA) affirmed the dismissal of a former probationary employee of Ravago Equipment and Rental, Inc., ruling the dismissal to be valid on performance grounds. The …
Razon’s MORE Power proposes 3-year plan to recover P115.41M
RAZON-LED MORE Electric and Power Corp. (MORE Power) is seeking to recover P115.41 million in under recoveries — financial shortfalls resulting from the difference between actual costs and recovered …
That Great Tightening…
It’s an interesting chapter in the October 2024 World Economic Outlook (WEO) of the International Monetary Fund (IMF), and aptly titled: “The Great Tightening: Insights from the Recent Inflation …
Disney unveils its first Asian cruise liner
SINGAPORE — The Disney Cruise Line announced on Wednesday the details of its first liner to have a home port in Asia, featuring onboard amenities meant to provide guests …
DD expects P27.2-B boost from Hotel101’s first 3 overseas projects
LISTED DoubleDragon Corp. (DD) expects to generate P27.2 billion in foreign currency revenue from the first three overseas projects of its subsidiary Hotel 101 Global Pte. Ltd. (Hotel101). “The …
AUB net income surges 41% in first nine months
ASIA United Bank Corp. (AUB) and its subsidiaries booked a record net income of P8.6 billion in the first nine months on the back of higher revenues and lower …
FNI eyes partnership for nickel processing plant
NICKEL ORE producer Global Ferronickel Holdings, Inc. (FNI) is in talks with two foreign companies to establish a nickel processing facility, its president said. FNI is negotiating with “two” …
PNB raises $300 million via bond offer
PHILIPPINE NATIONAL BANK (PNB) has raised $300 million from its maiden issuance of dollar-denominated sustainability bonds, marking its return to the offshore debt market after five years. The bank’s …
Philex Mining seeks permit for nickel exploration in Pangasinan
PHILEX Mining Corp. is awaiting a permit to explore a potential nickel mining site in Pangasinan as part of its strategic goal to diversify its mineral extraction portfolio, the …