Category: economy
Del Monte plans $600-M equity raising to erase debt
MANILA, Philippines — Canned fruit maker Del Monte Pacific Ltd. (DMPL) is planning to raise up to $600 million from the issuance of new shares in its Philippine business to cut its liabilities. In a regulatory filing on Tuesday, the Campos-led company said it was considering an equity raise through private placement at Del Monte
US Banks Are Taking Aim at a European Weak Spot
All’s fair in love and politics — and international bank capital rules. US financial watchdogs are making mischief with European standards that give lenders relief by treating the euro zone as a single domestic market. The Americans have a point: The bloc is not a single market for banking and that’s been a problem when things go wrong. But they doubtless have an ulterior motive born of the political obstacles to reforming some of their own rules to help big US banks compete harder with their Eu
Emirates seeks skilled aircraft technicians from the Philippines
MANILA, Philippines – Emirates, the world’s largest international and most profitable airline, is scouting for top-tier aircraft engineering and technical talent from around the world and the search has brought it to the Philippines. Emirates is hosting information sessions in Manila on Oct. 14 and 15 in a bid to recruit aircraft technicians who will
Data corner: Europe’s top collaborators in Latin America and the Caribbean
Photo credits: STori / BigStock On September 29, at a get-together in Brussels, the European Union and the Community of Latin American and Caribbean States (CELAC).
‘UP To Become Global Food Basket, Agriculture Key To Achieving $1 Trillion Economy Goal By 2029–30’: CM Yogi
CM was addressing the Direct Seeded Rice (DSR) Conclave held at the International Rice Research Institute’s (IRRI) South Asia Regional Centre in Varanasi.
Renewable energy developers in India seek compensation for transmission delays
India’s Central Electricity Regulatory Commission (CERC) has accepted petitions from two renewable energy developers, ACME Solar and AMPIN Energy.
KJo reveals how Dharma changed after Poonawalla acquisition
Filmmaker Karan Johar recently sold a 50% stake in his production company, Dharma Productions, to billionaire Adar Poonawalla for 1, 000 crore. The deal was made through Poonawalla’s company Serene Productions and now gives him equal ownership of the studio.
Pharma giant Eli Lilly boosts India manufacturing with $1B investment
Pharma giant Eli Lilly boosts India manufacturing with $1B investment
Toyota Financial starts P2-B bond offer
MANILA, Philippines – Toyota Financial Services Philippines Corp. (TFSPH), the automotive financing and leasing arm of GT Capital Holdings Inc., began its maiden bond offer on Monday, aiming to raise P2 billion from the debt market. In a regulatory filing on Monday, GT Capital said TFSPH’s issuance would involve two-year bonds and three-year bonds, with fixed rates
BSP seen keeping key rates steady
The Bangko Sentral ng Pilipinas (BSP) is expected to leave interest rates unchanged this week, pausing after three consecutive cuts as officials wait for clearer signals on the state of the economy and weigh the peso’s slide. Ten out of 16 economists surveyed by the Inquirer last week projected that the Monetary Board (MB) will
The New York Times
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