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Parent infuses cash into AirAsia PH

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Air Asia X A330-300_

Malaysia’s AirAsia Berhad, one of the largest budget carriers in the region, extended an $18-million loan (P788 million) to its Philippine unit, which it said would post a profit by the second half of 2014, according to a top official and regulatory filings.

Posted: August 29th, 2014 in Headlines | Read More »

PH banks taking out less loans from BSP

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Loans from the central bank’s rediscounting facility continued to shrink at the end of March of this year because of the cheap cash now circulating in the local financial system.

Posted: April 12th, 2014 in Headlines | Read More »

SME growth hobbled by credit constraints

Small businesses, which account for more than a third of economic activity in the Philippines, cannot thrive without proper access to credit from formal sources, the Asian Development Bank (ADB) said in a new report.

Posted: April 5th, 2014 in Headlines | Read More »

PBCom settles PDIC loan

pbcom

Philippine Bank of Communications has graduated from a 10-year government assistance program with the full settlement of a P7.6-billion loan from the state-owned Philippine Deposit and Insurance Corp.

Posted: March 27th, 2014 in Latest Business Stories | Read More »

Globe Telecom taps P7-B Landbank loan

Globe Telecom Inc. is tapping long-term debt to finance capital expenditures next year, a filing Thursday at the Philippine Stock Exchange showed.

Posted: December 5th, 2013 in Headlines | Read More »

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