Globe Inks PhP7B Term Loan with Land Bank of the Philippines

Globe Telecom Inc. (PSE: GLO) signed a 7-year PhP7 billion term loan facility with Land Bank of the Philippines (LBP). The loan shall be used to finance the company’s capital expenditures. Globe’s revised capital expenditure guidance for 2017 is $850 million, of which majority will be invested in data-related projects. As of end-September 2017, the […]
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BSP, PDIC, LBP Launch Incentive Program for Stronger Cooperative Banking System

Manila—(PHStocks)—(PIA)—The Bangko Sentral ng Pilipinas (BSP), Philippine Deposit Insurance Corp. (PDIC), and the Land Bank of the Philippines (LBP) approved the revival of the Strengthening Program for Cooperative Banks (SPCB) with the expansion of eligible Strategic Third Party Investor (STPI) to further strengthen the cooperative banking system according to BSP statement. BSP Governor Amando M. Tetangco, […]
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