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IFC hikes stake in RCBC

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International Finance Corp., the private sector funding arm of the World Bank, raised its interest in Yuchengco-led Rizal Commercial Banking Corp. by infusing $100 million in fresh capital and separately buying P4.8 billion worth of the bank’s bad assets.

Posted: March 1st, 2013 in Editor's Pick,Headlines | Read More »

Biomass Holdings buys 64% of San Carlos BioPower

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BIOMASS Holdings Inc. acquired for P667.5 million a 64-percent equity interest in San Carlos BioPower Inc., which is set to build an 18-megawatt biomass facility in Negros.

Posted: December 4th, 2012 in Headlines | Read More »

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