The delivery of 12 new FA-50 fighter aircraft acquired by the Philippine Air Force (PAF) will be completed by 2030, the Department of National Defense (DND) disclosed on Saturday, June 14. DND spokesperson Asst. Sec. Arsenio Andolong confirmed the acquisition of 12 FA-50 Block 70 light combat...
Singapore 's DBS Bank Ltd. expects the Bangko Sentral ng Pilipinas (BSP) to end its easing cycle in the third quarter of this year—a year after it began loosening monetary policy in August last year. "The Philippine central bank, the BSP, is on course with its rate cuts. Another 50-basis...
DoubleDragon Corp. reported that the United States Securities and Exchange Commission (US SEC) has declared effective its subsidiary Hotel101 Global Holdings Corp. 's registration statement on Form F-4 in connection with the business combination with JVSPAC Acquisition Corp. for its NASDAQ...
Japanese financial giant MUFG Bank Ltd. sees t he peso 's appreciation streak against the United States (US) dollar being sustained until early 2026. "We continue to forecast the Philippine peso to strengthen against the US dollar, reflecting low inflation, continued space for rate cuts, FDI...
DoubleDragon Corporation’s Hotel101 Global (Hotel101) has teamed up with Horizon Group for a major expansion in the Kingdom of Saudi Arabia with plans to develop up to 10,000 hotel rooms worth $2.5 billion. In a disclosure to the Philippine Stock Exchange, DoubleDragon said Hotel101 has signed a...
A "steady" Philippine economy would allow the peso to further strengthen to the ₱54:$1 level before year-end, despite lingering downside risks from local politics as well as external economic and financial developments, according to Japanese financial giant MUFG Bank Ltd. In a May 27 report...
Oasis Management Company Ltd, a Hong Kong-based “activist” investment fund, reported that it has so far acquired a 5.76 percent stake in Lucio Tan-led and Philippine Airlines owner PAL Holdings Inc. In a disclosure to the Philippine Stock Exchange, Oasis Management said it bought the shares...
Ayala Healthcare Holdings, Inc. (AC Health) has signed a memorandum of understanding (MOU) for strategic collaboration with Becton Dickinson Holdings Pte Ltd (BD), a leading global medical technology company. In a statement, AC Health said the MOU is focused on driving innovation, enhancing...
The Philippine peso is seen to continue appreciating this year and into next year, amid expectations that the United States (US) dollar would remain weak for a longer time, according to the latest forecast of Singapore-based DBS Bank Ltd. In its latest foreign exchange (FX) quarterly report for the...
Meralco PowerGen Corporation (MGen), the power generation arm of Manila Electric Company (Meralco), announced that its subsidiary, PacificLight Power Ltd. (PLP), is on track to begin operations of its additional 100-megawatt Fast Start gas turbine capacity this quarter. MGen stated that PLP is set...
Hotel101 Global Pte. Ltd., the hospitality unit of tycoons Tony Tan Caktiong and Edgar Sia II’s DoubleDragon Corporation, has bought more time to push through with its merger with the company’s NASDAQ listing vehicle. The firm now has until July 23, 2025, to complete its merger with JVSPAC...
The Philippine peso is seen likely maintaining its relative strength against the United States (US) dollar for the rest of this year until early next year, as the greenback struggles amid US economic policy uncertainty, according to Japanese financial giant MUFG Bank Ltd. "We maintain our view for...
