Hot money net inflows jump to $1.38B in July
Sheets five-dollar bills are seen through a magnifying glass at the Bureau of Engraving and Printing in Washington March 26, 2015. —REUTERSMORE FOREIGN PORTFOLIO investments entered the country than left in July, reflecting higher investments in government securities, data from
Assets of Philippines’ biggest banks rose by 11% in Q2
Peoples walk past automated teller machines in Makati City, June 23, 2016. — REUTERSBy Karis Kasarinlan Paolo D. Mendoza, ResearcherTHE COMBINED ASSETS of the Philippines’ biggest banks rose in the second quarter amid faster economic growth.The latest edition of BusinessWorld’s
Converge rules out Sky Cable acquisition
By Ashley Erika O. Jose, ReporterCONVERGE ICT Solutions, Inc. is considering expanding its partnership with Lopez-led Sky Cable Corp., but has no plans to acquire the company at this time, its chief operations officer (COO) said.“Probably not at this time,
Ovialand eyes higher valuation for IPO
OVIALAND.COMOVIALAND, Inc. plans to launch an initial public offering (IPO) at a higher valuation, potentially next year, depending on market conditions,” the real estate developer’s president said.“Definitely, (our IPO) will (have) a much higher valuation because the company has grown,”
China auto brands Omoda, Jaecoo to expand in PHL
AUTOMOTIVE brands Omoda and Jaecoo, both from China, are set to expand in the Philippines with the opening of a flagship branch in Alabang by the fourth quarter.In a statement released over the weekend, Omoda announced that its first car