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...
Citicore Energy REIT Corp. (CREIT) secured a high-grade issuer credit rating from Philippine Rating Services Corp. due to its robust financial position amid aggressive expansion of its green asset portfolio. PhilRatings assigned an issuer credit rating of PRS Aa plus (corp.) to the Philippines’...
China has insisted that the purported letter it is citing to reject the Philippines ' claim over the West Philippine Sea possesses value because it is supposedly written by a Filipino diplomat in an official act, although such a document remains unauthenticated and its origin is still...
Local stocks retreated for a third consecutive session on Monday, March 16, briefly sliding below the critical psychological threshold as the escalating conflict in the Middle East pressured the local currency and fueled concerns over imported inflation. The Philippine Stock Exchange index (PSEi)...
Ferry passengers may soon face higher fares and fewer trips as the maritime industry grapples with surging global oil prices, the Maritime Industry Authority (Marina) said. The Marina announced on Monday, March 16, that it has allowed domestic shipping operators to raise passenger fares by up to 20...
The Securities and Exchange Commission (SEC) has cleared a plan by PNB Holdings Corp., the real estate arm of Philippine National Bank, to list its shares on the local bourse by way of introduction, paving the way for the lender to unlock value from its prime property portfolio. The Commission En...
Filinvest Land Inc., the real estate arm of the Gotianun family’s conglomerate, received the highest possible credit rating from Philippine Rating Services Corp. (PhilRatings) for its planned ₱11.57 billion bond offering. PhilRatings said the property developer was assigned a PRS Aaa rating...
