Lucio Co pays off P4B loan

Cosco Capital, Inc., the listed retail holding firm of bilyonaryo Lucio L. Co, recently settled its P4 billion 7-year corporate notes to creditors.

Globe Q3 profit down 10%

Globe Telecom reported a net income of P4.39 billion in the third quarter, 10% lower than the previous year as depreciation expenses soared due to its massive network expansion.

BPI first half profit drops 15% as loan loss provisions soar

Bank of the Philippine Islands said its net income declined by 15% decline to P11.68 billion in the first semester as it put aside more than four times the provisions for credit losses than it did a year ago due to economic crisis triggered by the coronavirus outbreak.

Virus credit crunch risks turning firms into zombie army

A decade of easy money sloshing around the economy may come to haunt policymakers as legions of firms hooked on cheap credit have no buffers to make it through the coronavirus crisis without serious damage, or outright failure.

China’s ZTE vows to clean up its act following US deal

abo-food-bilyo---zte

China’s ZTE has pledged to dish out internal punishments and address flaws in its corporate culture after Washington and Beijing reached a deal to ease sanctions that had pushed the telecoms equipment maker to the brink of collapse.