Andrew Tan-led township developer Megaworld Corp. is investing ₱30 billion over the next five years to further ramp up its office portfolio by building new office buildings. In a disclosure to the Philippine Stock Exchange, the firm said part of the five-year budget will also be used to...
Jollibee Worldwide Pte. Ltd. (JWPL), a wholly owned subsidiary of Jollibee Foods Corp. (JFC), is planning a Regulation S only five-year US dollar-denominated senior unsecured guaranteed notes offering to refinance debts. In a disclosure to the Philippine Stock Exchange, the firm named J.P. Morgan...
The stock market is seen to remain volatile amid uncertainty caused by US President Donald Trump’s tariff policies, as their impact may affect policy moves by the Federal Reserve. The Fed unanimously voted to keep rates unchanged at 4.5 percent for the second straight meeting of 2025,...
Philex Chairman Manuel V. Pangilinan Philex Mining Corp. is negotiating with a potential foreign investor that may take a minority stake in its wholly owned subsidiary, Silangan Mindanao Mining Co. Inc. In an interview, Philex Chairman Manuel V. Pangilinan said the investor will come in...
Two decades after listing on the Philippine Stock Exchange (PSE), SM Investments Corporation (SM Investments) is increasing its focus on its core retail, banking, and property sectors while aiming for regional market expansion and inclusive growth. SM recently opened SM J Mall in Cebu as it...
The local stock market closed the week in the red, following overnight losses in the US, as investors grappled with uncertainty over Trump’s tariff policy. The main index dropped 56.38 points or 0.89 percent to close at 6,266.75 on Friday, March 21, as Property firms and Conglomerates led the...
DOTr Secretary Vince Dizon Department of Transportation (DOTr) Secretary Vince Dizon has ordered NLEX Corp., operator of the North Luzon Expressway (NLEX), to waive toll fees for motorists traversing Balintawak to Marilao while repairs on the damaged interchange bridge are underway. Dizon...
Lopez-led First Gen Corp. (FGen) reported a dip in its net income due to its drilling activities in 2024. In a statement on Friday, March 21, FGen said its attributable recurring net income went down from $245 million, or approximately ₱15.4 billion, in 2023 to $277 million, or ₱14 billion,...
SM Investments Corp. (SMIC), the flagship of the Sy family, has kicked off its massive ₱60 billion share buy-back program by scooping out 60,000 shares worth ₱48.55 million from the open market from March 19 to March 20, 2025. In a disclosure to the Philippine Stock Exchange, the firm said it...
DMCI Holdings Executive Vice President and Chief Finance Officer Herbert Consunji Consunji-led DMCI Holdings Inc. is allotting about ₱70 billion for capital expenditures (capex) this year—including investments of affiliate Maynilad Water Services Inc., making its budget 45 percent more...
The PSEi only made a small gain even after the US Federal Reserve gave a clearer target for its rate cuts this year. The main index added 10.01 points or 0.16 percent to close at 6,323.13, as the mining sector surged on higher gold prices, while banks retreated. Volume declined to 1.06 billion...
From left, Sumitomo Mitsui Banking Corporation (SMBC) Manila Branch Executive Director and Head of Corporate Banking Ruben Victa, Ayala Corporation Treasurer Estelito C. Biacora, SMBC Country Head and Managing Director Yasushi Iwata, Ayala Corporation Chief Finance Officer Alberto M. de Larrazabal,...
