Zobel-led conglomerate Ayala Corp. has secured its first Singapore dollar-hedged loan through a $100 million (or Singapore dollar equivalent) sustainability-linked facility with DBS Bank Ltd. In a statement on Monday, May 11, Ayala said the facility further diversifies its funding sources while...
ABS-CBN Corp. asked to be excluded from an escalating legal battle within its controlling family, following allegations by board director Federico “Piki” R. Lopez that the media company’s top executives dissipated corporate funds. ABS-CBN issued a statement on Friday, May 8, urging the public...
Local equities retreated as weaker-than-expected economic growth print and escalating tensions in the Middle East prompted investors to pocket gains before the weekend. The Philippine Stock Exchange index fell 73.3 points, or 1.2 percent, to close at 5,960.97 on Friday, May 9. The Services sector...
Cosco Capital Inc., the retail holding company controlled by billionaire Lucio Co, reported a 22 percent increase in first-quarter profit as a recovery in consumer spending boosted sales across its grocery and liquor units. The firm said in a disclosure to the Philippine Stock Exchange that net...
ABS-CBN Corp. Board Director Federico R. Lopez is seeking a regulatory investigation into the media company’s top leadership, alleging the “squandering” of corporate assets and a “conscious and intentional design” to siphon funds through exorbitant executive pay despite spiraling losses....
The Philippine Stock Exchange index (PSEi) climbed back above the 6,000 threshold, shrugging off the weaker-than-expected economic growth report as investors focused on potential diplomatic breakthroughs between the United States (US) and Iran. The benchmark gauge advanced 67.06 points, or 1.1...
Energy producer SPC Power Corp. is allocating ₱3 billion for capital expenditures to accelerate its shift toward renewable energy and energy storage, targeting the deployment of significant new capacity later this year. During an annual stockholders’ meeting on Thursday, May 7, James Roy...
Local equities rebounded as global market anxieties eased after United States (US) President Donald Trump announced a temporary pause on naval escort operations in the Strait of Hormuz, shifting Washington’s focus toward securing a peace agreement with Iran. The benchmark Philippine Stock...
D&L Industries Inc., the country’s largest producer of oleochemicals and specialty plastics and food products, posted five percent improvement in net income to ₱717 million in the first quarter of 2026 as most of its businesses actually benefited from the Middle East conflict. In a media...
The Philippine Stock Exchange index (PSEi) made a strong bounce on Monday, May 4, as bargain hunting began after more firms reported first-quarter earnings and outlooks while the United States (US) announced its plan to escort ships passing through the Strait of Hormuz. The main index jumped by...
The Po family’s upscale green developer Arthaland Corp. continues to launch new projects, particularly in Metro Manila, despite the war in the Middle East, as it sources materials within Asia and locks in costs with suppliers. In an interview, Arthaland Executive Vice President and Chief...
The Philippine Stock Exchange index (PSEi) retreated to end a shortened trading week as investors weighed the compounding risks of surging energy costs, persistent inflation, and a weakening local currency. The benchmark PSEi fell 74.25 points, or 1.26 percent, to close at 5,833.64 on Thursday,...
