The local stock market lost ₱671.7 billion in market capitalization on Monday, March 9, as the benchmark Philippine Stock Exchange Index (PSEi) plunged to the 6,000 level after the Iran war fueled a surge in oil prices while the peso plunged to a new record low. Philippine Stock Exchange (PSE)...
Century Properties Group Inc. expects to generate ₱6.6 billion in sales from its latest residential project in Cavite as it pivots toward first-home and premium segments to bypass crowded mid-market condominium sector. In a disclosure to the Philippine Stock Exchange, CPG said the subsidiary has...
Andrew Tan-led top township developer Megaworld Corp. has raised ₱945 million from the sale of shares of its real estate investment trust (REIT), MREIT Inc., to reduce its stake in the subsidiary and pave the way for a fresh asset infusion in exchange for new shares. In a disclosure to the...
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...
Just like bourses worldwide, the Philippine stock market will mainly be influenced by developments in the Middle East, where the war started by the United States (US) and Israel against Iran is threatening the global supply chain and sending oil prices through the roof. While share prices have...
The Philippine Association of Securities Brokers and Dealers Inc. (PASBDI) has opposed the plan by the Securities and Exchange Commission (SEC) to impose a mandatory 10-year term limit on broker directors of exchanges, arguing the move would strip the local bourse of critical expertise. In a...
Integrated Micro-Electronics Inc. (IMI), the global electronics manufacturing arm of Ayala Corp. (AC), reported a 265-percent surge in consolidated net income to $13.5 million in 2025, up from $3.7 million in 2024, as its restructuring strategy continued to bear fruit. In a disclosure to the...
Aboitiz Equity Ventures Inc. reported that consolidated core net income remained unchanged at ₱25.5 billion for last year, as growth in its food and beverage segments offset earnings drag from its power generation arm. In a disclosure to the Philippine Stock Exchange, the diversified investment...
Tanco-led STI Education Systems Holdings Inc. (STI Holdings) posted an 18-percent increase in net income to ₱1.08 billion in the first half of its fiscal year (FY) ending June 2026, up from the ₱912.2 million earned in the same period a year ago. In a disclosure to the Philippine Stock Exchange...
Razon-led International Container Terminal Services Inc. (ICTSI) is boosting its capital investment by 14 percent this year as it accelerates expansion across its global network from Mexico to the Philippines. In a disclosure to the Philippine Stock Exchange, ICTSI said the company earmarked $740...
The Securities and Exchange Commission (SEC) has heeded the call of minority shareholders of Liberty Flour Mills Inc. (LFM) to look into the alleged violation of their right to inspect the company’s records and books of account. In a disclosure to the Philippine Stock Exchange (PSE), LFM said it...
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...
