airline

Shareholders step up to help troubled PAL; share sale OK’d

Shareholders of Philippine Airlines’ (PAL) parent firm, PAL Holdings Inc., voted on Thursday to enlarge its capital base and issue more shares to provide financial support to the flag carrier through its Chapter 11 creditor protection plea. Following the company’s stockholders’ meeting, PAL Holdings said shareholders of the company, controlled by billionaire Lucio Tan, approved…

Building a better and safer PH with drones

Unmanned aerial vehicles (UAVs), or drones, are evolving beyond military applications to become a mainstay in boosting productivity within industries and organizations. As drones become more technologically sophisticated, this creates new opportunities for drone operators and their technology partners. In the Philippines, we are already seeing drones helping to keep commercial activities going and contain…

citi office

Citi sets record for Asia Pacific sustainable financing and aims to further develop ESG in the Philippines

Citi has raised over for Asia Pacific clients from global and local capital markets year to date, to support their sustainable financing needs. This is an increase of over 500% versus the same period in 2020. In the Philippines, Citi has helped raise over US$1billion in green and sustainable bond financing for local clients over…