The Bank of the Philippine Islands (BPI) extended a ₱6.1 billion project finance facility to Cornerstone Energy Development Inc. (CEDI), a subsidiary of Aboitiz Renewables Inc., marking the lender’s latest move to solidify its position in the sustainable finance market. BPI said the funding...
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)...
Senator Risa Hontiveros, on Monday, March 9, questioned the Philippine Statistics Authority (PSA) over what she described as a “mysterious delay” in endorsing to the Office of the Solicitor General (OSG) the cancellation of businessman Joseph Sy’s birth certificate despite earlier findings of...
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...
Stock benchmark tumbled to end the week on a somber note, joining the regional retreat as escalating geopolitical tensions in the Middle East drove the peso back toward record lows and clouded the outlook for domestic inflation. The Philippine Stock Exchange index (PSEi) shed 60.12 points, or 0.94...
There is no truth to rumors that Chinese nationals can no longer play at golf courses supervised by the Armed Forces of the Philippines (AFP) amid concerns on possible espionage activities, a ranking military official disclosed on Friday, March 6. Colonel Louie Dema-ala, Philippine Army (PA)...
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...
The Philippine Red Cross (PRC), together with partners from the Zurich Climate Resilience Alliance (ZCRA), conducted a series of engagements in Metro Manila to strengthen collaboration and advance climate resilience initiatives for vulnerable communities across the Philippines. A key highlight of...
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...
The Securities and Exchange Commission (SEC) is moving to overhaul the stock exchange 's leadership, proposing strict term limits that would unseat several long-serving power players in the local brokerage community. Under draft SEC rules released for public comment, broker directors would be...
The Philippines and China have no overlapping claims in the South China Sea, as international law has already set which parts of the vast sea belong to each, Department of Foreign Affairs (DFA) Maritime Affairs spokesman Rogelio Villanueva said. Villanueva made it clear in a press conference on...
Local stocks tumbled on Wednesday, March 4, erasing the previous session’s gains as escalating conflict in the Middle East fueled fears that spike in global energy prices will reignite inflation and derail the central bank’s pivot toward monetary easing. The Philippine Stock Exchange index...
