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RCBC completes sale of 15% stake to Sumitomo Mitsui Bank for P27 billion

Rizal Commercial Banking Corp., the sixth largest lender in the Philippines by assets, announced Monday the financial completion of its sale of an additional...

Tower company completes glitch-free transition process in only five months

Phil-Tower Consortium Inc. (PhilTower), the country’s leading tower company, on Monday said 250 towers in the Visayas and Mindanao turned over by Globe Telecom...

Apollo Global offshore Cagayan mining project stalled by Super Typhoon Egay

Apollo Global Capital Inc. said Monday its offshore mining operations in Gonzaga, a coastal town in the northern tip of the Philippines, has been...

ACEN secures pre-effective SEC nod for preferred shares shelf registration

ACEN Corp., the energy arm of the Ayala Group, said Monday it received the pre-effective letter of the Securities and Exchange Commission that favorably...

BPI secures $300 million loan facility to partially refinance bond due Sept

Bank of the Philippine Islands, the country’s third largest lender by assets, announced Monday it signed a $300-million, 3-year syndicated term loan facility with...

Just in

Camote tops may cut cost in raising tilapia

What many Filipino farmers toss aside after harvesting camote might actually help feed the country’s favorite farmed fish—tilapia.

Philippines confident it can pass US labor probe

The Philippines believes it can address concerns raised by the Office of the US Trade Representative (USTR) after Washington launched a new investigation into the country’s alleged shortcomings in enforcing restrictions on goods produced with forced labor.

BOP swings to $5.7-B deficit in 2025 amid weaker capital inflows

The Philippines posted a US$5.7-billion balance of payments (BOP) deficit in 2025, equivalent to 1.2 percent of gross domestic product (GDP). This marked a reversal from the US$609-million surplus recorded in 2024.

DA, SRA race to secure sugar industry input amid Middle East disruption

The government is moving to safeguard fuel and fertilizer supplies for the sugar industry as the sector enters the most resource-intensive phase of the harvest season.
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