Philippine financial regulators are sounding off potential foreign exchange risks as big conglomerates face large debt maturities of about 1.6 trillion pesos ($26 billion) over the next three years. “Large conglomerates face a sizable wall of upcoming maturities and FX obligations,” according to the 2025 Financial Stability Report released on Monday. The maturities make up nearly a quarter of tota...
Philippine financial regulators are sounding off potential foreign exchange risks as big conglomerates face large debt maturities of about 1.6 trillion pesos ($26 billion) over the next three years. “Large conglomerates face a sizable wall of upcoming maturities and FX obligations,” according to the 2025 Financial Stability Report released on Monday. The maturities make up nearly a quarter of total debt by Philippine conglomerates and are scheduled to mature between 2027 and 2029, according to the annual report. Those obligations have sizable foreign-currency exposures, with US dollar-denominated debt averaging 37.6% of conglomerate debt over the next five years, it said. “While corporates have so far met refinancing needs through a mix of bond issuances, bank funding, and internal liquidity, refinancing and FX‑related risks warrant close monitoring given the scale and currency composition of upcoming maturities,” the report said. The report was prepared by an inter-agency council that includes the Bangko Sentral ng Pilipinas and the Department of Finance. It was released against the backdrop of a weak peso, which touched a record low this month. The Philippine currency has become one of the hardest hit in Asia from the surge in oil prices as the Southeast Asian nation imports almost all of its fuel requirements from the conflict-hit Middle East. Still, the Philippine financial system remained stable last year, with banks well-positioned to lend and have sufficient capital to absorb unexpected losses, according to the central bank. Apart from corporate leverage, the report also warned of risks from elevated property prices and growth of unsecured consumer loans which are mostly credit card debts. It also cited risks such as cyber threats and geopolitical tensions, such as the Iran war. “We will sharpen our coordination by defining when to escalate issues and by clearly communicating our assessment of our respective regulated entities,” BSP Governor Eli Remolona said...
Visiting the popular Po Pin Chau area in Hong Kong’s geopark will require real-name reservations under a pilot scheme aimed at preventing scalping and no-shows, officials have told lawmakers concerned about its effectiveness. Undersecretary for Environment and Ecology Diane Wong Shuk-han told the Legislative Council subcommittee on ecology and tourism on Monday that authorities would not use a fir...
Visiting the popular Po Pin Chau area in Hong Kong’s geopark will require real-name reservations under a pilot scheme aimed at preventing scalping and no-shows, officials have told lawmakers concerned about its effectiveness. Undersecretary for Environment and Ecology Diane Wong Shuk-han told the Legislative Council subcommittee on ecology and tourism on Monday that authorities would not use a first-come-first-served model and were studying a ballot mechanism to prevent scalping. “We will...
Jonathan Kitchen Jensen Huang, CEO of Nvidia ( NVDA ) said the recent selloff in U.S. semiconductor stocks should be viewed in the context of a much larger trend, stating that "We are at the outset of the AI revolution." "We're at the beginning of it, and whatever happened to the stock market, you should be very happy because now you can buy at a discount. Everybody should be very excited." Huang ...
Jonathan Kitchen Jensen Huang, CEO of Nvidia ( NVDA ) said the recent selloff in U.S. semiconductor stocks should be viewed in the context of a much larger trend, stating that "We are at the outset of the AI revolution." "We're at the beginning of it, and whatever happened to the stock market, you should be very happy because now you can buy at a discount. Everybody should be very excited." Huang told reporters in Seoul on June 8 after meetings with South Korean business leaders. Responding to questions about how that selloff should be perceived, Huang added that it can be viewed as a buying opportunity, arguing that the buildout of AI infrastructure remains in its early stages despite investor concerns about overheating in the AI trade. “It is a foregone conclusion that AI will be infrastructure for the world, just like the internet was infrastructure for the world,” he added. Broadly, global tech names come under pressure after stronger-than-expected U.S. jobs data raised concerns that the Federal Reserve may keep interest rates elevated for longer. South Korea's benchmark KOSPI Index fell sharply on Monday as investors retreated from AI-related stocks that have driven much of the recent rally in global equities. AI-linked ETFs: ( BOTZ ), ( AIQ ), ( ROBO ), ( THNQ ), ( CHAT ), ( IGPT ), ( ARTY ), ( WTAI ), ( AIEQ ), ( ARKQ ), ( QQQ ), ( VGT ), ( XLK ), ( SMH ), ( SOXX ). More on Nvidia Nvidia: Downgrade To Hold As Earnings Fail To Push Price Higher Nvidia: I Do Not Fear The AI Bubble Yet NVIDIA Corporation (NVDA) Presents at Bank of America 2026 Global Technology Conference Transcript UK AI start-up PhysicsX hits $2.4B valuation following $300M Temasek-led deal South Korea's Naver will build AI factories using Nvidia's DSX platform
Jonathan Kitchen Jensen Huang, CEO of Nvidia ( NVDA ) said the recent selloff in U.S. semiconductor stocks should be viewed in the context of a much larger trend, stating that "We are at the outset of the AI revolution." "We're at the beginning of it, and whatever happened to the stock market, you should be very happy because now you can buy at a discount. Everybody should be very excited." Huang ...
Jonathan Kitchen Jensen Huang, CEO of Nvidia ( NVDA ) said the recent selloff in U.S. semiconductor stocks should be viewed in the context of a much larger trend, stating that "We are at the outset of the AI revolution." "We're at the beginning of it, and whatever happened to the stock market, you should be very happy because now you can buy at a discount. Everybody should be very excited." Huang told reporters in Seoul on June 8 after meetings with South Korean business leaders. Responding to questions about how that selloff should be perceived, Huang added that it can be viewed as a buying opportunity, arguing that the buildout of AI infrastructure remains in its early stages despite investor concerns about overheating in the AI trade. “It is a foregone conclusion that AI will be infrastructure for the world, just like the internet was infrastructure for the world,” he added. Broadly, global tech names come under pressure after stronger-than-expected U.S. jobs data raised concerns that the Federal Reserve may keep interest rates elevated for longer. South Korea's benchmark KOSPI Index fell sharply on Monday as investors retreated from AI-related stocks that have driven much of the recent rally in global equities. AI-linked ETFs: ( BOTZ ), ( AIQ ), ( ROBO ), ( THNQ ), ( CHAT ), ( IGPT ), ( ARTY ), ( WTAI ), ( AIEQ ), ( ARKQ ), ( QQQ ), ( VGT ), ( XLK ), ( SMH ), ( SOXX ). More on Nvidia Nvidia: Downgrade To Hold As Earnings Fail To Push Price Higher Nvidia: I Do Not Fear The AI Bubble Yet NVIDIA Corporation (NVDA) Presents at Bank of America 2026 Global Technology Conference Transcript UK AI start-up PhysicsX hits $2.4B valuation following $300M Temasek-led deal South Korea's Naver will build AI factories using Nvidia's DSX platform
Japanese toilet maker Toto Ltd. ( TOTDY ) will fully resume new orders for prefabricated bathrooms from Tuesday, ending restrictions imposed earlier this year as the Iran war disrupted its supply of naphtha-derived materials, according to Bloomberg News. The company is going back to normal delivery schedules as the supply outlook for raw materials has improved, and it has completed upgrades to its...
Japanese toilet maker Toto Ltd. ( TOTDY ) will fully resume new orders for prefabricated bathrooms from Tuesday, ending restrictions imposed earlier this year as the Iran war disrupted its supply of naphtha-derived materials, according to Bloomberg News. The company is going back to normal delivery schedules as the supply outlook for raw materials has improved, and it has completed upgrades to its ordering system, a spokesperson said, as per the report. More on TOTO LTD. Historical earnings data for TOTO LTD. Financial information for TOTO LTD.
Andrii Yalanskyi/iStock via Getty Images KKR & Co. Inc. ( KKR ) is a leading global investment firm, founded in 1976, which, as of the first quarter of 2026, has total assets of about $412 billion. The firm has 50 years of experience in the markets and has 35 global offices on 4 continents. In the following lines, we will tell you a little about it and look at its financial instruments. And here y...
Andrii Yalanskyi/iStock via Getty Images KKR & Co. Inc. ( KKR ) is a leading global investment firm, founded in 1976, which, as of the first quarter of 2026, has total assets of about $412 billion. The firm has 50 years of experience in the markets and has 35 global offices on 4 continents. In the following lines, we will tell you a little about it and look at its financial instruments. And here you can also see our previous article about the company. KKR overview (kkr.com) The current market capitalization is close to $85.31 billion. The total debt for the first Q is around $55.7 billion. The assets under management are worth $758 billion (up 14% year-over-year), and fee-paying assets under management are $615 billion (up 17% year-over-year). KKR's first quarter highlights (kkr.com) The largest part of the capital portfolio is 41% in "Traditional Private Equity" and 16% in "Real Estate". asset management investment holdings (kkr.com) And when we talk about industry diversification, the largest parts are 33% in "Business Services", and 28% in "Consumer". Industry diversification (kkr.com) KKR has an "A" credit rating by S&P and Fitch: financial profile (kkr.com) Baby Bonds KKR's baby bonds (author's database) KKR has two exchange-traded bonds: KKRS and KKRT . Both are investment-grade (S&P/Fitch: BBB+/BBB+), with maturities of around 35-39 years. KKRS is already callable, while KKRT has close to 4 years to call with a call date of 06/01/2030. Both are currently trading below par. KKRS has a yield to maturity of around 7.74%, and KKRT has a YTM of around 7.2%. We can say that a YTM of over 7.7%+ at investment grade is not a bad deal, especially for a long-term conservative investor. The main risk is the long maturity when the interest rate environment changes. But still, let's show you where the bonds sit compared to their peers - other high-duration baby bonds that trade below par and have investment-grade credit ratings: KKR's baby bonds vs peers (author's database...