PH Dealbook: BPI inks BanKO turnover, First Gen raises $200m debt, Phoenix okays sale of $42.6m shares

In three separate business developments, the Bank of the Philippine Islands (BPI) has signed the agreement to fully take over a mobile-based savings bank, while power generation firm First Gen Corp, has raised a $200 million loan, and Phoenix Petroleum Philippines Inc approved the sale of $42.6 million (P2 billion) worth of shares.