Philippines

Central Bank of the Philippines gives green light to $500M ADB loan for typhoon rehabilitation

The Monetary Board of the Bangko Sentral ng Pilipinas has cleared the USD500 million loan from the Asian Development Bank. The said fund will be used to rehabilitate and reconstruct communities struck by super typhoon Haiyan.

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SwissRe projects emerging markets driving growth in 2014-2015

SwissRe's recent report titled "Global insurance review 2013 and outlook 2014/15" provided an otherwise positive global economic outlook, which was a good sign in the non-life business as more people will seek financial protection for their properties.

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Philippines' Banco de Oro raises PHP5 billion through high-yield deposit offer

Banco de Oro (BDO), the top lender in the Philippines, has successfully completed a PHP5 billion fundraising through an offering of high-yield deposits to retail and institutional investors.

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Octanex targets mining assets in Philippines and Indonesia in merger

Australia-based gas and oil explorer Octanex said the main reason for its merger with Peak Oil & Gas was the latter's access to exploration projects in the Philippines and in Indonesia.

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Philippines Pension fund to invest extra $46M in stocks

The Philippines' state-run pension fund Government Service Insurance System (GSIS) allotted PHP2 billion of its cash for additional investments in local stocks, according to the firm's president Robert Vergara.

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Foreign aid monitor website up by Philippines to track typhoon aid

The government of the Philippines would be launching an online portal designed to provide information on how foreign assistance had been spent, especially for the government's response to help the victims of Typhoon Haiyan.

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B2Gold Corp signs arrangement agreement with Volta Resources

Vancouver-based gold producer B2Gold Corp said it signed a definitive agreement with Canadian resource company Volta Resources Inc for the business combination of the two companies.

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Social messaging startup Jongla racks up EUR1.4 million in funding

Finland-based mobile social messaging startup Jongla recently raised EUR1.4 million in a funding round from Oy Ingman Finance to be used for the development of its youth-oriented messaging app.

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Renaissance Investment Management bets on emerging markets, eyes stocks in Philippines

Analyst Andrew Temming of US-based investment firm Renaissance Investment Management said the firm had yet to find a stock on the Philippine Stock Exchange that they'd like to invest on.

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Haiyan devastates not only country, but may also affect economy

Typhoon Haiyan's devastation would also lower the growth of the Philippine economy.

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Category 5 typhoon cuts path of death and destruction in the Philippines

Typhoon Yolanda (International Name: Haiyan) devastated several provinces over the weekend as it cut across the Philippines packing gust winds of 275 kph.

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Dubai firm to put up LNG factory in the Philippines

Kampac International Chairman Charles Ampofo lauded the Philippines' economic growth.

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Robinsons cuts biggest IPO in the Philippines by up to a third

Philippines' Robinsons Retail Holdings Inc. had decided to cut its public offering debut price by up to a third, said a report from Reuters.

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Philippines is ready for Federal Reserve's stimulus reduction

According to Philippine Central Bank Governor Diwa Guinigundo, the country had been prepared for the eventual stimulus reduction by the US Federal Reserve.

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Philippines works to lure more Chinese investors

The Philippine government presented opportunities for investments in the country to Chinese investors at the CAEXPO.

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