Singapore-based DBS Bank Ltd. said the Philippines is facing declining investor confidence as the persistent surge in energy costs stemming from the Middle East war weighs on the government’s ability to service its debts. Citing data on credit default swaps (CDS), DBS economists said the...
Singapore-based DBS Bank Ltd stated that the Philippine peso is emerging as one of Asia’s most vulnerable currencies as deepening global oil crisis exposes the nation’s heavy reliance on imported energy and the lack of government subsidies. DBS wrote in a commentary published last Friday that...
The peso tumbled to a fresh record low on Friday, March 27, breaching the 60.5-level as geopolitical tensions in the Middle East intensified and the central bank signaled it sees no immediate need to defend the currency. The peso weakened to ₱60.55 per dollar, surpassing the previous historic low...
Foreign lenders are backing the Bangko Sentral ng Pilipinas’ (BSP) increasingly hawkish stance as the local economy grapples with war-driven oil price volatility and supply disruptions. Nomura Holdings Inc., a Japanese investment and brokerage giant, raised its expectations for “significant”...
Universal Robina Corp. (URC) is ceding control of its instant-noodle joint venture to its Japanese partner as the company pivots to a minority role in the local segment. In a disclosure to the Philippine Stock Exchange, URC announced that the food and beverage arm of the Gokongwei group entered...
Jollibee Foods Corp., the Philippine dining giant that has aggressively expanded its international footprint, has agreed to acquire South Korea’s Shabu All Day for 125.86 billion won (₱5.1 billion) as it seeks to capitalize on the rapid growth of the global hot pot market. JFC announced on...
Tsuneishi Heavy Industries (Cebu) Inc., a joint venture between Japan’s Tsuneishi Shipbuilding Co. Ltd. and the Aboitiz Group, has delivered the world’s first methanol-powered Kamsarmax bulk carrier, a shift toward higher-value manufacturing in the Philippine maritime sector. The vessel, named...
Aboitiz Foods subsidiary Gold Coin Management Holdings Pte. Ltd. (GCMH) has fully acquired Diasham Resources Pte. Ltd., a Singapore-based manufacturer and distributor of high-quality animal nutrition and health solutions. In a disclosure to the Philippine Stock Exchange, Aboitiz Foods’ parent...
Enrique K. Razon-led International Container Terminal Services Inc. (ICTSI) reported that the formal management transition of Durban Container Terminal Pier Two (DCT2) at Port of Durban commenced on Jan. 1, 2026. In a disclosure to the Philippine Stock Exchange (PSE), ICTSI said it had signed an...
Enrique K. Razon-led International Container Terminal Services Inc. (ICTSI), the world’s largest independent terminal operator, has signed a 25-year partnership agreement with Transnet SOC Ltd. for the strategic Durban Container Terminal (DCT) Pier 2 in South Africa. “The landmark agreement...
Japanese financial giant MUFG Bank Ltd. said investors have turned pessimistic following heightened political risks, but the relative strength of the Philippine peso is buoying sentiment. “Political risks are escalating as street protests call for President Ferdinand Marcos Jr.’s resignation...
Ayala-led Bank of the Philippine Islands (BPI) has partnered with leading digital payment services provider SingX Singapore Pte. Ltd. to give overseas Filipinos in Singapore, Hong Kong, and Australia a real-time remittance service. BPI said that, through this partnership, its clients can transfer...
