Business

First Metro Philippine Exchange Trade Fund Inc. (FMETF) will re­lease an additional P1 billion in Exchange-Traded-Fund (ETF), company executives said.

SM Investments Corp. (SMIC) will exercise its option for the purchase of P5 billion oversubcription on its issuance of the Se­ries G Bond that will bring to P20 billion the bonds it recently issued.

Manila Water Philippine Ven­tures Inc. (MWPV) and SM Prime Holdings Inc. entered into a memorandum of agreement (MOA) for water delivery services and facilities.

The Philippines, which is considered among the vulnerable coun­tries for rapid shift climate due to global warm­ing, can tap into $100 billion or P4.8 trillion a year in fund­ing for climate action proj­ects that multilateral funding agencies seek to put up under the United Nations’ Green Climate Fund (UNGCF).

Executives of the Philippines and Pakistan seek to broaden and diversify economic ties of both countries through enhanced co­operation in the fields of agricul­ture, defense, information tech­nology (IT) and pharmaceuticals.

UnionBank of the Philippines (UnionBank) has tapped infor­mation technology firm Voyager Innovations’ Takatack Rewards digital incentive system for the bank’s employees, in line with its efforts for digital transformation.

Online security threats in the aftermath of the high-profile cybertheft of $81 million from the Bangladesh Bank have been rising in the Asia-Pacific region, cybersecurity firm Fortinet has said.

By Luis Leoncio Despite the rise in public spending due to the costly infrastructure buildup of the Duterte administration, the share of debt to the country’s economy slid further as of September this year.

The United Kingdom (UK) plans to hold another business mission in the Philippines in the first quarter of next year, said British Chamber of Commerce of the Philippines (BCCP) chairman Chris Nelson.

The full effects of Brexit on Britain’s trading relations may not be resolved for a further 20 years, a leading economics commentator has claimed.