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Union Bank to triple capital to P23.1B, eyes acquisitions

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unionbank

Union Bank of the Philippines is seeking authority to triple its authorized capital to P23.1 billion “to seize growth opportunities,” including potential acquisitions.

Posted: May 2nd, 2014 in Latest Business Stories | Read More »

Century Pacific Food sets IPO price at P13.75 per share

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Screengrab from www.centurypacific.com.ph

Leading food manufacturer Century Pacific Food Inc. has finalized its initial public offering at a price of P13.75 per share, allowing the company to raise P3.16 billion in fresh funds for expansion.

Posted: April 21st, 2014 in Latest Business Stories | Read More »

East West Bank eyes P5B in sale of preferred shares

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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

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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 »

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