MANILA, March 10 (Reuters) - Overall rice stocks in the Philippines fell to their lowest in four months in February, data showed on Monday, increasing pressure on Manila to import more of the national staple.
Philippine real estate developer Vista Land & Lifescapes Inc is looking to raise as much as 5 billion pesos ($113 million) via a retail bond issue to fund new projects, the Philippine Star newspaper reported.
Philippine lender China Banking Corp is looking to raise 8 billion pesos ($180 million) in fresh capital via the sale of new shares to existing investors to pursue growth strategies while ensuring its capital adequacy level remains above the new Basel 3 requirements, the Philippine Daily Inquirer
BEIJING/HONG KONG, March 6 (Reuters) - From harassing Filipino fishing boats and monitoring oil exploration off Vietnam to playing cat-and-mouse with the Japanese coastguard, China's
Russian President Vladimir Putin's remarks helped boost appetite for risky assets, with Philippines and Indonesia leading the gains. The Philippines share index gained 1.3 percent by midday, while the Jakarta Composite Index was up 1
Talks on a possible acquisition by the Philippine Long Distance Telephone Co (PLDT) of a minority stake in GMA Network Inc have collapsed anew, said PLDT Chairman Manuel Pangilinan, according to BusinessMirror newspaper.
MANILA, March 4 (Reuters) - Philippine Long Distance Telephone Co (PLDT), the country's most-valuable listed company, said on Tuesday its fourth-quarter net profit fell 17 percent due to forex losses and damages to its network caused by the super typhoon Haiyan.
Philippine conglomerate Metro Pacific Investments Corp's tollway unit aims to grab at least half of the toll road projects that the government will offer to investors in the next eight years to maintain its 60 percent share of the country's tollway business, the Malaya Business Insight reported.
MANILA, March 3 (Reuters) - SM Investments Corp, the Philippines ' second largest company by market value, on Monday posted an increase of 11 percent in 2013 profit, driven largely by the record earnings of its banking unit.
NOTE: BDO Unibank Inc, the Philippines ' biggest lender, is a unit of conglomerate SM Investments Corp owned by the country's richest man, Henry Sy Sr.