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Axelum earnings surge despite global market pressures

Axelum Resources Corp. posted a sharp rise in first-quarter earnings as stronger export demand and higher-margin product sales offset mounting pressures from volatile commodity prices and elevated shipping costs linked to the Middle East conflict.

MREIT sale fuels Megaworld township expansion

MREIT Inc., a real estate investment trust, is channeling P1.26 billion into township expansion projects across Cebu, Palawan, Bacolod, and Pasig City, as sponsor Megaworld Corp. moves to recycle capital from a recent share sale into fresh property developments and debt reduction.

GT Capital leans on banking amid economic slowdown

GT Capital Holdings, Inc. opened 2026 navigating a tougher operating environment, with resilient banking and infrastructure earnings helping cushion weaker consumer spending and softer demand across key sectors.

Lopez board reinstates Piki, seeks family truce

Lopez, Inc. on Wednesday withdrew its February 27 resolution removing Federico “Piki” Lopez as president and chief executive officer, signaling a possible thaw in the escalating corporate and family dispute that has rattled one of the Philippines’ most influential business dynasties.

URC eyes modest growth amid global risks

Universal Robina Corporation is aiming for mid-single-digit revenue growth this year despite concerns over global uncertainties, including tensions in the Middle East.

Just in

1Q remittances rise to $8.68 billion

Cash remittances from overseas Filipino workers (OFWs) reached US$2.87 billion in March 2026, helping sustain the steady flow of foreign exchange into the Philippine economy.

Blue chips signal medium-term PSEi opportunity 

The Philippine stock market remains cautiously constructive as investors weigh short-term macro headwinds against improving medium-term earnings visibility.

ADB offers $1.75 billion aid to PH amid Middle East crisis

The Asian Development Bank (ADB) on Friday said it is ready to provide up to $1.75 billion in additional financing to help the Philippines deal with the economic effects of the ongoing conflict in the Middle East.

Globe posts strong 1Q 2026 growth as data drives 91% of revenues

Globe Telecom reported strong first-quarter 2026 earnings, with consolidated service revenues rising 5 percent year-on-year to P42 billion, marking its second-highest quarterly revenue performance on record.
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