Jobless Filipinos increased in number by nearly half a million to 2.5 million in May from 2.03 million a year ago, driven largely by employment losses in the agriculture and forestry sectors as weather-related disruptions, including El Niño, weighed on opportunities. National Statistician Claire...
Despite headline inflation easing further to 6.4 percent in June, the Bangko Sentral ng Pilipinas (BSP) warned that price pressures from global oil prices remain strong, assuring the public that it stands ready to take the necessary policy actions to steer inflation back to its three-percent...
Mynt Inc., the operator of the dominant mobile wallet GCash, is planning to raise as much as ₱87 billion ($1.5 billion) in an initial public offering (IPO) that would mark the largest corporate debut in the country’s history. The financial technology firm plans to offer up to 9.23 billion...
Chinabank and Landers had officially announced their partnership by unveiling the Landers Executive Visa Signature in an event last May 12, 2026, at the newly opened Landers Superstore Aseana, Parañaque City. But what really are the benefits you would get from getting this new credit card?...
The Bangko Sentral ng Pilipinas (BSP) is facing mounting pressure to deliver a more aggressive interest rate hike or a rare off-cycle move after inflation surged to a three-year high in April. British banking giant Barclays is now pricing in three consecutive 25-basis-point increases, which would...
The Philippine Stock Exchange (PSE) is getting smaller. In just three years, a “Great Exit” of major companies, from Metro Pacific Investments Corp. (MPIC) to Eagle Cement Corp., has pulled more than ₱580 billion out of the public market. This exodus is moving faster than the exchange can...
Jollibee Foods Corp. is moving to list its Highlands Coffee unit in Vietnam by the first quarter of 2027, seeking to capitalize on surging retail investor interest in one of Southeast Asia’s fastest-growing economies. In a disclosure to the Philippine Stock Exchange, Jollibee said that the board...
The Securities and Exchange Commission (SEC) has issued the final version of its tiered minimum public ownership (MPO) requirement for initial public offerings (IPOs), a move expected to entice major corporations such as GCash and Maya to list their shares locally rather than seek overseas bourses....
Antonio-led Century Properties Group Inc. (CPG) is planning to launch ₱40 billion worth of residential projects this year, which will be partly funded by the ₱5 billion it raised from its latest bond issuance. Through its subsidiary PHirst Park Homes Inc. (PPHI), which focuses on the affordable...
The Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) are moving to revitalize the domestic capital market by introducing rules for Global Philippine Depository Receipts, which would allow local investors to trade foreign stocks in the local currency. SEC Chairman...
Jollibee Foods Corp.’s ambitious plan to spin off its international business and list it on a United States (US) stock exchange is facing pushback from Philippine market regulators and analysts, who warn that local investors may find themselves holding shares they cannot easily trade. The...
Jollibee Foods Corp. surged the most in recent trading after announcing a plan to spin off its international business for a United States (US) listing, a move analysts say will finally decouple its high-growth domestic operations from underperforming global units. As of writing, the stock climbed...
