Trade deficit narrows sharply in February, but U.S. tariff threat looms
The country's trade deficit narrowed significantly in February 2025 to USD 3.2 billion, down from USD5.1 billion in January and USD3.6 billion in the same month last year, according to data released by the Philippine Statistics Authority.
DOF rejects new tax plans, cites strong fiscal position
The Department of Finance (DOF) rejected reports suggesting the government plans to impose new taxes, citing strong revenue performance and prudent fiscal management as reasons additional tax measures are unnecessary at this time.
Aboitiz Power launches P100B bond program for refinancing, growth goals
Aboitiz Power Corp. has filed the shelf registration with the Securities and Exchange Commission (SEC) of fixed-rate retail bonds worth up to ₱100 billion, a move seen as a significant step in fortifying its capital structure and supporting its aggressive renewable energy expansion plans.
SM Prime posts strong 1Q growth, boosted by retail and real estate gains
SM Prime Holdings Inc., one of the country's largest integrated property developers and mall operators, reported an 11 percent year-on-year increase in net income for the first quarter of 2025, reaching ₱11.9 billion, driven by resilient domestic demand and its diversified portfolio.
Meralco to open bids for nearly 3,000 MW in long-term power deals
Manila Electric Co. (Meralco) is preparing to launch competitive selection processes (CSPs) for 2,951.426 megawatts (MW) of electricity supply, opening a significant commercial opportunity for power generators looking to secure long-term contracts in the Philippines' largest power distribution market.
