Ayala Corporation signs $200 million credit facility with Metrobank

AYALA CORPORATION (Ayala) has secured a senior long-term loan facility amounting to $200 million from Metropolitan Bank & Trust Co. (Metrobank), marking another milestone in a relationship that has spanned more than three decades.

Duterte says sorry to Philippine tycoons, their firms' shares surge

PHILIPPINE PRESIDENT Rodrigo Duterte has apologized for his "hurting words" about two tycoons whom he openly dislikes, responding to their help in fighting the coronavirus by offering an olive branch to settle a costly regulatory row.