A Chinese naval vessel pointed its fire control radar at a Philippine Navy (PN) frigate during a patrol near Sabina Shoal in what the Armed Forces of the Philippines (AFP) described as a “provocative” act that raised the risk of confrontation at sea. In a statement Friday, March 20, the AFP...
The Philippine Coast Guard (PCG) is not part of any discussions regarding a potential maritime cooperation agreement with China, including rumored plans for joint patrols in contested waters, a ranking official said. “As far as the PCG is concerned, based on my last conversation with the...
Local stocks retreated as the peso plummeted to a record low, breaching the psychologically significant 60-per-dollar level, while investors trimmed positions ahead of a long weekend amid escalating geopolitical tensions. The Philippine Stock Exchange index (PSEi) slipped 36.84 points, or 0.6...
Affordable housing developer Haus Talk Inc. (HTI) has raised ₱1.8 billion from its fixed-rate bond issuance, upsized from its base offer of ₱1 billion, although its oversubscription option of another ₱1 billion was not fully taken up. Following this, the firm listed the bonds at Philippine...
President Marcos has encouraged members of the Philippine Army to deepen and uphold public trust by exemplifying integrity and professionalism in the conduct of their duties every day. Speaking during the 129th founding anniversary of the Philippine Army on Thursday, March 19, Marcos reminded...
The Philippine Stock Exchange (PSE) is standing by its ₱170 billion capital-raising target for the year, betting that a de-escalation of Middle East hostilities will allow the recovery in investor sentiment after a volatile start to the year. The local bourse entered the year on a strong...
Adequate funding is needed to acquire a “minimum impact” fleet of multi-role fighter jets (MRF) under the Armed Forces of the Philippines ' (AFP) modernization program, the Department of National Defense (DND) said. And if there is not enough budget, DND Secretary Gilberto Teodoro Jr. said...
Rockwell Land Corp., the Lopez Group’s upscale property developer, has successfully raised ₱10 billion from the first tranche of its ₱20-billion bonds under the shelf-registered program of the Securities and Exchange Commission (SEC). In a disclosure to the Philippine Stock Exchange (PSE) on...
The Philippine Navy (PN) and port operator Globalport Terminals Inc. (GTI), which has major facilities in the Visayas and Mindanao, have signed a memorandum of agreement (MOA) which seeks to establish an "affiliated reserve unit" within the company. The Navy said the MOA was signed by PN chief Vice...
Local equities snapped a three-day losing streak on Tuesday, March 17, as investors engaged in selective bargain hunting, though gains remained capped by persistent anxiety over geopolitical tensions and the trajectory of interest rates. The Philippine Stock Exchange index (PSEi) advanced 19.46...
San Miguel Global Power Holdings Corp. won approval from the Securities and Exchange (SEC) Commission to raise as much as ₱30 billion through a bond offering to refinance its debt and bankroll the expansion of its renewable energy portfolio. The regulator’s en banc commissioners rendered the...
Three of the country’s top business leaders remain optimistic that the ongoing conflict in the Middle East will be resolved within the year, although it may lead to weaker consumer demand, rising operating expenses (opex), and higher interest rates. During the Philippine Stock Exchange ’ s...
