Asian Financial Firms Eager to Enter Local Mart

Financial institutions from Korea, Indonesia, Malaysia, Taiwan, Singapore and Japan are interested to put up branches in the country and offer their full range of services, if and when the Philippine government decides to further liberalize the banking sector. Trade Undersecretary Ponciano C. Manalo Jr. disclosed that they have received expressions of interest from foreign […]
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Fitch Sees More Insurance Mergers

One of the three international credit rating agencies expects more Philippine insurance companies, particularly non-life, to exit the industry or merge with their rivals in the coming years amid an unfavorable operating environment. In a statement, Fitch Ratings has warned that catastrophe risk poses the most significant danger to the Philippine insurance industry as well as […]
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PLDT Offers Debut SEC-Registered Bonds

Manila—(PHStocks)—Philippine Long Distance Telephone Co. (PLDT, PSE: TEL) (NYSE: PHI) Philippine Long Distance Telephone Company (PLDT), the leading telecommunications service provider in the Philippines, has received approval from the Securities and Exchange Commission (SEC) to sell bonds with a base offer size of PhP10 billion, with an option for oversubscription of up to PhP5 billion. This will be […]
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Investment Grade Rating Fuels PH Stocks Rally

Manila—(PHStocks)—Philippine stocks continued their surge to hit a new record as the country gets its first-ever investment grade rating. The benchmark Philippine Stock Exchange (PSE) index went up by 2.74% or 182.35 points to reach 6,847.47 today, 27 March, as international credit ratings agency Fitch Ratings upgrades the Philippines to investment grade amid stable outlook. […]
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