Tuesday, 29 July 2025, 2:20 pm

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BSP reiterates Philippine banks have no exposure to failed US banks

The Bangko Sentral ng Pilipinas (BSP) on Friday reiterated that Philippine banks do not have any material exposure to the collapsed Silicon Valley Bank...

PLDT sells telco towers for P12.1B

The PLDT Group on Friday sold to Frontier Tower Associates Philippines Inc. 1,012 of its towers and associated telecommunications infrastructure for over P12.1 billion. 

SEC grants amnesty for delinquent regulated entities

The Securities and Exchange Commission on Thursday launched an amnesty program providing relief to delinquent corporations remiss in the filing of mandatory reports.

ACEN acquires 8 wind power projects in Texas

ACEN Corp., the listed energy arm of Ayala Group, said it acquired a portfolio of eight operating wind projects in Texas, U.S.A. through its joint-venture company, UPC Power Solutions LLC.

NPC proposes P5B sovereign guaranteed credit line for SPUG

Energy officials look to the local debt market for relief and find a P5 billion credit line quickly to underwrite the financing requirements of the Small Power Utilities Group (SPUG) operated by the National Power Corporation (NPC).

Just in

BDO raises P115B ASEAN Sustainability Bond offer

BDO Unibank Inc., the country’s largest lender by assets, said Tuesday it P115 billion through its fourth Peso-denominated ASEAN Sustainability Bond issuance, exceeding expectations with a subscription level 23 times higher than its initial P5 billion offering.

I-Remit narrows Q1 loss amid revenue collapse

i-Remit Inc., a listed fund transfer and remittance company servicing migrant Filipino workers, posted a net loss of P60.1 million in the first quarter, narrower than P104.5 million loss in the year-earlier period. 

SEC revokes rogue lender license over abusive collection tactics

The Securities and Exchange Commission (SEC) has intensified its enforcement against illegal lending practices, revoking the corporate registration and secondary license of Convenience Cash Lending Corp. for employing abusive debt collection methods, in a move that underscores its commitment to consumer protection.

Nike shares jump on JP Morgan upgrade

An investor note from JP Morgan sparked a rally in Nike shares on Monday after analysts urged investors to "Just Buy It!"—a play on the brand’s iconic slogan—citing growing confidence in its multiyear recovery plan.
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