Business

The government is expected to issue more bonds next year that will reach about P465 billion to address increased funding needs in line with the programmed hike in infrastructure spending, banking giant Hongkong and Shanghai Banking Corp. (HSBC) said in a report.

By Riza Lozada Money supply (M3) has risen 12.8 percent from a year ago in October to P8.9 trillion from a growth of 12.7 in the previous month in line with the sustained growth of the economy despite a slight decline in bank lending.

PayMaya Philippines, formerly Smart eMoney Inc, a pioneer in financial technology services, and its long-standing partner, leading global payments company Mastercard, have renewed agreement to continue the use of PayMaya mobile payment gateway solutions by Mastercard in the global market.

A top-level Spanish delegation which visited Davao City last week has expressed Spain’s support for President Duterte’s 10-point socioeconomic agenda and lauded his ongoing peace initiatives with insurgent groups as well as his strong campaign against illegal drugs.

SM Supermalls has partnered with BDO and SM Store for the biggest annual OFW Christmas party via the “5th Pamaskong Handog Para sa Global Pinoys” that is set to happen in ten SM malls nationwide. 

Communications gi­ant Globe Telecom is seeking govern­ment help in its bid to speed up the installation of more cell sites in the country as consumer demand for mo­bile data rises.

Diversified Ayala Corp. (AC) fully redeemed P10 billion of its 5.45 percent bonds due on 2019 to fulfill call option on the debt instruments.

Global port operator Inter­national Container Terminal Services Inc. (ICTSI) is com­mited to developing, man­aging and operating ports in Kenya and East Africa in general, Jacob Gulmann, ICTSI Business Develop­ment Director, said.

By Riza Lozada Monetary offi­cials plan to re­store regulatory incentives for bank mergers and acqui­sitions (M&A) to further strengthen the banking in­dustry, BSP Deputy Gover­nor Nestor Espenilla Jr. said.

The House committee on Banks and Financial Intermediaries has passed the proposal to amend the charter of the Bangko Sen­tral ng Pilipinas (BSP).