DNL: Coconut oil gaining traction in foreign markets
Chemical manufacturer D and L Industries Inc. (DNL) said its exports, particularly coconut-based products under food and oleochemicals, remained relatively resilient during the first quarter.
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Chemical manufacturer D and L Industries Inc. (DNL) said its exports, particularly coconut-based products under food and oleochemicals, remained relatively resilient during the first quarter.
The Bank of the Philippine Islands (BPI) announced plans to raise funds aiding the recovery of micro, small and medium enterprises (MSMEs) via the bond market.
China Banking Corp. (China Bank) announced it has declared P2.68-billion cash dividends, 14-percent higher than the previous year. The announcement was made at the bank’s annual stockholders’ meeting last Thursday conducted virtually.
AFTER almost two decades, PLDT Inc. has returned to the international bond market, after successfully setting the terms of a $600-million dual-tranche offering, proceeds of which will be used to refinance existing debt and partially fund its capital expenses.
Subic Bay Freeport—Business locators in this freeport, whose registration had expired since the imposition of enhanced community quarantine (ECQ) in March, have another 30 days to renew their permit with the Subic Bay Metropolitan Authority (SBMA).
With the unprecedented shift to digital, Union Bank of the Philippines said it has been retooling and upskilling employees to avoid layoffs amid the Covid-19 pandemic.
Majority of German firms here in the Philippines are anticipating their incomes to plunge as an effect of the lockdown, and they are seeking the government’s help in reducing administrative burdens to recover their losses.
Despite challenging times, Pilipinas Shell Petroleum Corp. (PSPC) said the country is “still an appealing market” for investors.
While BDO Unibank Inc. increased provisions for bad debts substantially, the bank reiterated that it was not incurring losses and its capitalization has remained robust.
Vivant Energy Corp. said it has tapped a Malaysian solar energy provider to develop two solar power projects.
The Securities and Exchange Commission (SEC) on Wednesday said it has issued another warning against Bitcoin Revolution, which presents itself as a cryptocurrency trading program and fakes the endorsement of government officials, businessmen and celebrities.
AllHome Corp., the listed retail arm of the Villar group, on Wednesday said it will introduce a smaller format of its big-box stores as the company adopts to the new normal with consumers changing its buying behavior.
Some petroleum stations have started implementing the additional 10-percent tax on crude and petroleum products, according to the Department of Energy (DOE).
The board of sugar firm Roxas and Co. Inc. (RCI) has agreed to enter into an P800-million call and put option agreement with LDA Capital Ltd. as part of the company’s fund-raising activities.
By VG Cabuag & Butch Fernandez
The Islamic finance industry would slow down until next year as the coronavirus pandemic prompts an economic slump, S&P Global Ratings said.
The Energy Regulatory Commission (ERC) on Tuesday directed all distribution utilities (DUs), electric cooperatives (ECs) and the National Grid Corp. of the Philippines (NGCP) to submit an updated capital expenditure (capex) program.
The Bureau of the Treasury fully awarded P15 billion in 35-day Treasury bills (T-bills) on Tuesday’s auction despite the security capping at a higher average rate.
Online payment solution provider Dragonpay Corp. and First Digital Finance Corp. announced last Tuesday a joint project allowing e-commerce platforms to ease financing at the point-of-sale.
Port operator International Container Terminal Services Inc. (ICTSI) on Tuesday said it has raised some $400-million 10-year unsecured senior notes in the offshore market, the first local company to do so against the backdrop of the coronavirus pandemic.
More Electric and Power Corp. (MORE Power) moves to prevent power outage incidents in Iloilo City while a modernization program is in progress with the installation of a looping system of the 69-kilovolt (kV) sub-transmission facility.
Deutsche Bank AG expects monetary authorities to bring interest rates down to 2.25 percent as doing so would aid the sluggish economy amid the coronavirus pandemic.
The board of shopping mall operator SM Prime Holdings Inc. has declared P5.34 billion in cash dividends, equivalent to about 15 percent of the previous year’s net income, to all its shareholders.
IN a letter to President Duterte, Government Service Insurance System (GSIS) President and General Manager Rolando Ledesma Macasaet reported that the state pension agency has already released the life insurance proceeds plus the additional P500,000 benefit to families of four government frontliners who succumbed to
Covid-19.
Amid economic uncertainties courtesy of state response to the coronavirus disease 2019 (Covid-19) pandemic, the banking industry is advised to improve its credit risk management through data analytics.
Shopping mall operator SM Prime Holdings Inc. said it is investing some P100 million to upgrade its e-commerce platform, which will connect brick and mortar stores to their customers, in keeping with pandemic-induced changes in consumer behavior.
AS rates remain mostly “subdued,” the Bureau of the Treasury fully awarded P20 billion in Treasury Bills (T-bills) on Monday.
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