PSEi forecasts trimmed amid weak FDI, tepid growth outlook
The Philippine stock market faces a more subdued outlook for 2025 as leading brokerages sharply lower their year-end forecasts for the Philippine Stock Exchange index (PSEi), citing disappointing foreign direct investment (FDI) inflows and muted corporate earnings growth.
DITO allots ₱15B for 5G broadband reach expansion
DITO Telecommunity Corp. is earmarking ₱15 billion in capital expenditure this year to accelerate the nationwide rollout of its 5G infrastructure and strengthen its mobile broadband services across the Philippines.
Engtek transitions Calamba plant to 100% hydro from First Gen
Engtek Group has expanded its renewable energy (RE) partnership with First Gen Corp., the country's leading RE producer, as part of its decarbonization strategy. This development sees Engtek’s second Philippine manufacturing facility, Asaba Manufacturing Philippines, Inc., transition entirely to hydroelectric power supplied by First Gen, marking a significant step toward the company’s 45 percent GHG emissions reduction target by 2030.
ATM rollout enhances payroll and cash access in PH
Security Bank has teamed up with global electronic payments provider Euronet to roll out co-branded white label ATMs across the Philippines, a strategic move aimed at enhancing payroll services and expanding access to cash for corporate clients.
BSP chronicles leadership in new book series
The Bangko Sentral ng Pilipinas (BSP) marked its 32nd anniversary with the launch of The Governors Speak, a landmark three-volume book series chronicling the institution’s evolution through the speeches of its past and present leaders.
