Philippine Geothermal Production Co. (PGPC), the renewable energy arm of SM Investments Corp., is accelerating development of its domestic steam fields to buffer the Philippines from volatile global energy prices as conflict in the Middle East threatens fuel supply chains. In a briefing on Tuesday,...
Senator Loren Legarda, on Tuesday, March 24, expressed frustration with the Department of Energy (DOE) over its reasoning in being unable to secure congressional approval for the use of supplemental funds by the Philippine National Oil Company (PNOC). During the first organizational meeting of the...
Ty-led Metropolitan Bank & Trust Co. (Metrobank) has closed the public offer for its series F Association of Southeast Asian Nations (ASEAN) sustainability peso-denominated bonds a week early, indicating that the minimum ₱5-billion issuance was oversubscribed. The bank disclosed to the Philippine...
Ty-led Metropolitan Bank & Trust Co. (Metrobank) has launched the offer of its series F Association of Southeast Asian Nations (ASEAN) sustainability peso-denominated bonds, aiming to raise at least ₱5 billion with an oversubscription option as it continues to diversify its funding sources. In a...
Infra and utilities conglomerate Metro Pacific Investments Corp. (MPIC) intends to continue investing in infrastructure despite uncertainties and challenges posed by the war in the Middle East, laying the groundwork for more growth after sustaining record performance last year. “The global...
Philippine Geothermal Production Co. (PGPC), the renewable energy unit of SM Investments Corp. (SMIC), plans to spend at least ₱2.9 billion this year to ramp up drilling and exploration across its existing facilities and six new concession areas. Frederic C. Dybuncio, SMIC president and chief...
Philippine Savings Bank (PSBank), a subsidiary of Metropolitan Bank & Trust Co. (Metrobank), reported a 33-percent drop in net income to ₱3.5 billion last year from the record-high ₱5.21 billion earned in 2024 due to higher credit provisions in 2025. In a disclosure to the Philippine Stock...
Ty-led Metropolitan Bank & Trust Co. (Metrobank) is planning to issue its first Association of Southeast Asian Nations (ASEAN) sustainability peso-denominated fixed-rate bonds to raise at least ₱5 billion, with an oversubscription option and a tenor of 1.5 years. In a disclosure to the Philippine...
Ty-led Metropolitan Bank & Trust Co. (Metrobank) reported another banner year as net income grew 17 percent to another all-time high of ₱49.7 billion last year from the ₱42.2 billion earned in 2024. The bank said profit growth was supported by modest asset expansion, resilient margins, healthy...
High-net-worth and ultra-high-net-worth individuals are shifting their focus to Asia and emerging markets (EMs), particularly equities and fixed-income instruments, which are seen to offer the best rewards for their investments in 2026. Ty-led Metropolitan Bank & Trust Co. (Metrobank) noted that...
The Securities and Exchange Commission (SEC) has authorized La Union Electric Co. Inc. to proceed with a ₱251 million direct public offering, the second utility to utilize the regulator’s expedited registration process to fund infrastructure upgrades. The San Fernando-based power distributor...
A Brown Co. Inc. (ABCI) is cleaning up its portfolio by recognizing losses on three projects investing in liquefied natural gas (LNG), railway, and palm oil businesses that have not been moving along as planned. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its board of...
