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IMI down from 4 to just 1 factory in China

MANILA, Philippines — Integrated Micro-Electronics Inc. (IMI), the listed semiconductors and electronics manufacturing arm of Ayala Group, has consolidated its China operations and shuttered its Kuichong facility to further cut losses and return to profitability. In a regulatory filing on Wednesday, IMI said it would integrate operations into its Pingshan facility over the coming weeks after

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Salmon raises $50M from Nordic bond issue

MANILA, Philippines — Credit-led fintech Salmon Group Ltd. has raised $50 million from its latest Nordic bond issuance, a deal seen to accelerate its aspiration to build “Southeast Asia’s next-generation consumer banking.” This latest debt offering follows the $60-million inaugural bond issue in April 2025. This brings Salmon’s total bond financing to $110 million under its

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BCDA taps 3 Japanese institutions for connectivity, sustainability projects

MANILA, Philippines — The BCDA signed three memoranda of understanding with Japanese institutions to open up collaboration opportunities in waste management, renewable energy, telecommunications and sustainable development. Signed during an official mission to Tokyo, the first MOU is with Japanese industrial and engineering firm Kanadevia Corp. It involves a feasibility study on building a waste-to-energy (WTE)