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Requisites for a valid novation

LISTED investment and holding firm Philippine Realty and Holdings Corp. (Philrealty) said Thursday it had secured a P3.8-billion loan from the Philippine Bank of Communications (PBCom) to partially finance the construction of a residential condominium project in Taguig City.

The Bangko Sentral ng Pilipinas has awarded a universal banking license to  Lucio Co’s Philippine Bank of Communications.

Philippine Bank of Communications (PBCom) announced that former Securities and Exchange Commission Chairperson Teresita J. Herbosa has been elected as independent member of its Board of Directors. In a disclosure to the Philippine Stock Exchange, the bank said Herbosa was elected by its Board upon

RETAIL INVESTMENTS. The Bureau of the Treasury (BTr) on Tuesday (Aug. 23, 2022) started the two-week offering of the 5.5-year retail treasury bond (RTB), which fetched a rate of 5.579 percent. National Treasurer Rosalia de Leon is optimistic about the strong demand for the debt paper given the volume of bids during the rate-setting auction. (Photo from BTr Facebook page) MANILA - The coupon rate of the 5.5-year retail treasury bond (RTB) that the Bureau of the Treasury (BTr) will issue for two weeks starting Tuesday stands at 5.75 percent. Its average rate was 5.579 percent, higher than the 4....