BPI Q1 income jumps by 60%

BANK of the Philippine Islands (BPI) recorded a higher net income in the first three months of 2021 on improved net interest earnings and as it continued to trim its loan loss provisions amid a recovering economy. The bank’s net profit jumped by 59.6% to P8 billion in the first quarter from a year earlier, […]

Converge prices P10-billion maiden bond offering at tight end of the range

LEADING fiber broadband operator Converge ICT Solutions Inc. (PSE: CNVRG) has received the Certificate of Permit to Offer Securities for Sale on March 28 from the Securities and Exchange Commission (SEC) for the issuance of the Company’s first P10 billion peso-denominated fixed-rate bonds under its P20 billion shelf registration program.In a disclosure, Converge said it […]

DoubleDragon prices $55-million tap offering

DOUBLEDRAGON Corp.’s wholly owned subsidiary, DDPC Worldwide Pte. Ltd. announced that it priced its $55-million tap offering of its outstanding $75 million, 7.25% senior guaranteed notes due 2025 on the Singapore exchange. DDPC Worldwide said it executed a subscription agreement with UBS AG Singapore as the sole global coordinator, lead manager, and bookrunner for the […]

MDRT Expands Definition of Success in the Profession with New Awards and Rankings

HONG KONG, Mar 9, 2022 – (ACN Newswire via SEAPRWire.com) – MDRT, The Premier Association of Financial Professionals, has added to the portfolio of honors available for exceptional members – and their companies. MDRT has redefined and added new categories within its annual Company Rankings to recognize companies including those from Hong Kong that successfully […]

JCB identifies Russia as a key growth market for European merchants as cardmembers continually increase online spend

London and Moscow, Oct 21, 2021 – (JCN Newswire via SEAPRWire.com) – JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., has found a notable 20% increase in ecommerce spend by Russian cardmembers from 2019 to 2020.[i] Further, Russian JCB cardmember data shows that from 2019 to 2020, F2F shopping made up […]

Juaneza named NEA chief; Dizon quits BCDA post 

FORMER Energy undersecretary Emmanuel P. Juaneza has been elected as the new administrator of the National Electrification Administration (NEA), the agency announced Monday.   In a statement, NEA said Mr. Juaneza was chosen during a special board meeting chaired by Energy Secretary Alfonso G. Cusi on Monday.   President Rodrigo R. Duterte had earlier endorsed Mr. Juaneza’s nomination to head the NEA.   “The job is challenging […]

Additional Pfizer doses arrive in CV

CENTRAL Visayas received on Monday night, July 26, 2021, a total of 51,480 fresh doses of Pfizer vaccine, said Mary Jean Loreche, Visayas Covid-19 Vaccination Operations Center spokesperson on Tuesday, July 27. This is in addition to the 293,670 doses of Pfizer separately delivered to the region as of July 22. Overall, the region has […]