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East West Bank eyes P5B in sale of preferred shares

Screengrab from https://www.eastwestbanker.com/

The Gotianun-led East West Bank plans to raise as much as P5 billion from the sale of preferred shares, bracing for growth opportunities amid stringent capital adequacy requirements under the Basel 3 framework.

Posted: April 14th, 2014 in Latest Business Stories | Read More »

Capital flight seen hiking borrowing costs


Capital flight from Asian economies may result in a significant increase in borrowing costs, which could lead to slower growth across the region, debt watcher Standard & Poor’s said.

Posted: August 25th, 2013 in Headlines | Read More »

LR hikes capital to P5B

Publicly listed Leisure & Resorts World Corp. (LR) is beefing up its capital for the expansion of its businesses in the country.

Posted: January 23rd, 2013 in Headlines | Read More »

RCBC selling $200M worth of hybrid notes


Yuchengco-led Rizal Commercial Banking Corp. is preparing for stiffer capital requirements under the Basel 3 framework with a $200-million offering of hybrid notes qualifying as tier 1, or core capital.

Posted: September 27th, 2012 in Latest Business Stories | Read More »

ONB capital now at commercial-bank level


One Network Bank (ONB), one of the biggest rural banks in the country, has reported growth in income and capital in the first seven months of the year to levels usually seen in commercial banks.

Posted: August 20th, 2012 in Headlines | Read More »

PAL to hike capital to $1B


Philippine Airlines plans to beef up its capital by another $500 million “in the near future” to fund a fleet modernization program intended to bring the storied flag carrier back to profitability amid a highly competitive environment.

Posted: July 25th, 2012 in Editor's Pick,Headlines,Photos & Videos | Read More »

Eastern Petroleum hikes capital


Independent oil player Eastern Petroleum Corp. will increase this year its authorized capital to P1 billion from P500 million to help fund its aggressive retail network expansion and oil depot construction.

Posted: July 18th, 2012 in Headlines | Read More »

DoF imposes higher capital for insurers


The Department of Finance (DoF) has ordered insurance firms to raise further their capitalization every two years to reach P1 billion by 2020.

Posted: July 2nd, 2012 in Editor's Pick,Headlines | Read More »

Sidestepping the 60-40 rule

One year ago on Thursday, the Supreme Court ruled in a case involving PLDT that, for purposes of determining compliance with the 60 percent-40 percent nationality requirement (in favor of Filipinos) in the operation of public utilities, “capital” refers only to shares of stocks entitled to vote in the election of directors.

Posted: June 29th, 2012 in Columnists,Inquirer Columns | Read More »

PAL getting P17B for expansion


Flag carrier Philippine Airlines (PAL), now controlled by San Miguel Corp., is set to get P17 billion in fresh funds from its controlling shareholders in line with plans to expand operations and return to profitability.

Posted: June 28th, 2012 in Headlines | Read More »

SMDC to raise P4B from sale of debt papers


Fast-growing residential property developer SM Development Corp. is raising P4 billion for fresh expansion plans from the sale of debt papers to selected institutional investors.

Posted: March 22nd, 2012 in Latest Business Stories | Read More »

PS Bank seeks to raise P3B via debt notes sale


Philippine Savings Bank, the thrift banking arm of the Metrobank group, expects to raise P3 billion from the sale of debt notes qualifying as tier 2 or supplementary capital early next year. The exercise is aimed at boosting its cash hoard for potential acquisitions. In a briefing on Friday, PSBank president Pascual Garcia III also [...]

Posted: December 16th, 2011 in Headlines | Read More »



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