Saturday, 28 June 2025
10 Apr 2025
10:11AM
Campos' Del Monte settles US lender lawsuit, avoids board shake-up with $20-M loan deal
The Campos family’s Del Monte Pacific Ltd. has settled a US lender lawsuit by taking a $20-million loan to retire disputed debt, avoiding a potential board takeover and ending a legal fight over alleged loan defaults.
1 Oct 2024
8:06AM
PH borrowers shied away from dollar loans in second quarter as peso weakened
This drop in dollar loans coincided with a 4-percent depreciation of the Philippine peso against the US dollar during the same period, which likely contributed to decreased borrowing as foreign currency loans became more expensive for local borrowers.
30 Jul 2024
9:55AM
Villar’s Vista Land borrows $300M from abroad to pay looming loan maturities
By: Miguel R. Camus
Vista Land & Lifescapes Inc. raised $300 million from the sale of offshore debt, easing concerns over looming loan payments in November this year.
29 Jun 2024
9:06AM
Did local borrowers mistime their dollar loans just as peso began to weaken?
By: Daxim L. Lucas
The peso’s weakness, which began toward the end of the first quarter, resulted in the local currency depreciating by over 6% since then. This means a borrower who took out a loan in mid-March would today be carrying 6% more debt in peso terms.
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