China said one of its military vessels assisted a distressed Filipino fisherman in the West Philippine Sea (WPS) on Christmas Day, Dec. 25, but the Philippine Coast Guard (PCG) remained skeptical of the account and questioned the presence of the Chinese warship in the area. A People’s Liberation...
SMC Tollways Corp., the infrastructure arm of San Miguel Corp., reduced its interest-bearing debt through the end of 2024 as rising vehicle traffic across its network of expressways boosted cash flow and fortified its balance sheet. The company’s interest-bearing debt fell 6.1 percent to ₱52.3...
The Department of Public Works and Highways (DPWH) and the Philippine Sports Commission (PSC) have launched round-the-clock operations to fast-track upgrades at the Rizal Memorial Sports Complex in Manila in preparation for a major international women’s tennis tournament in 2026. Upgrades...
Philippine Bank of Communications (PBCom), the lender controlled by retail tycoon Lucio Co, is pivoting toward aggressive expansion of its low-cost deposit base to sustain momentum following its upgrade to a universal banking license. PBCom, which recently celebrated its 85th anniversary, is...
Figaro Culinary Group is scaling up its manufacturing subsidiary to bolster its long-term growth strategy, positioning the company to move beyond traditional retail and enter the international export market. The publicly listed food and beverage operator announced that its wholly-owned unit,...
Local stocks were little changed on Tuesday, Dec. 23, as trading volumes dried up ahead of the year-end holidays, with marginal gains in the mining sector offsetting retreat in service and industrial shares. The Philippine Stock Exchange index (PSEi) edged up 0.65 points, or 0.01 percent, to finish...
Niche residential developer Haus Talk Inc. plans to raise as much as ₱2 billion through its debut bond offering to finance land acquisitions and accelerate the construction of housing projects. In a disclosure to the Philippine Stock Exchange, Haus Talk said the company will offer ₱1 billion in...
A state-run think tank is warning that the Philippines risks erasing significant educational progress by reversing its mother tongue-based multilingual education (MTB-MLE) program, particularly in the Visayas and Mindanao regions. In a Dec. 16 discussion paper titled “Linguistic Mismatch and...
State-run Land Bank of the Philippines (Landbank) has agreed to sell its 2.15-percent stake in Philippine Dealing System Holdings Corp. (PDSHC) to the Philippine Stock Exchange (PSE), allowing the bourse to increase its stake to 80.48 percent. The PSE disclosed that it has entered into a share...
The Philippine Stock Exchange index (PSEi) made a strong bounce on Monday, Dec. 22, and recovered last Friday’s lost ground on the back of bargain-hunting and some window-dressing for the year’s end. The main index jumped by 120.39 points, or 2.03 percent, to close at 6,041.26, with the advance...
PH Resorts Group Holdings Inc., the gaming arm of embattled businessman Dennis Uy, is exploring a total pivot of its business model after losing its casino license and warning investors of a cash crunch that threatens its survival. The company confirmed in a regulatory filing on Monday, Dec. 22,...
Investors are expected to favor cash positions this week following a selloff on Dec. 19, as caution prevails ahead of the Christmas and New Year holidays. While window-dressing activities could provide a temporary lift for select Philippine Stock Exchange index (PSEi) members, the broader outlook...
