The Bank of the Philippine Islands is opening a branch at the Ayala North Point in February next year to better serve the residents of Talisay City and the northern portion of Bacolod City, an official of the bank said yesterday.

Cristina Sy, BPI’s Area Business Director for Negros Island, said their branch in Talisay will be the 15th in Negros Occidental.

Sy said they were supposed to open the branch in October this year but, being the sister company of Ayala Corporation, they decided to hold it until the opening of the Ayala mall.

Organic farmers’ festival
slated November 22-24

The Office of the Provincial Agriculturist has set the 7th Negros Island Organic Farmers Festival on November 22 to 24, at the Capitol grounds in Bacolod City, a press release from the provincial government said.

Dubbed “Celebrating the gains of organic agriculture; Mainstreaming opportunities through fair-trade,” the three-day activity will feature lectures, native games, a song writing competition, and an organic quiz, poster 7 slogan making contest, the press release said.

There will also be a fun run, walk, bike, and dance activity, an organic food cooking contest, and an indigenous people’s band competition.

Phoenix issues P2.5-B notes

MANILA – Phoenix Petroleum Philippines Inc. and a group of institutional lendersrecently signed a P2.5-billion 5-year corporate note to expand the oil firm's retail station network and refinance short term credit.

The institutional lenders are China Banking Corp., Chinabank Savings Inc., China Banking Corp. Trust Group, BDO Private Bank Inc., and Wealth Advisory and Trust Group as trustees; Philippine Business Bank, PentaCapital Investment Corp., Robinsons Banking Corp., Pioneer Life Inc. and the BSP Provident Fund.

PentaCapital Investment Corp. served as Issue Manager while China Banking Corp. and PentaCapital Investment Corp. were Joint Lead Arrangers for the issue.

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