Visa expands contactless payments to Manila’s LRT-2
Visa has launched automated, contactless fare collection systems across all 13 stations of the Manila Light Rail Transit Line 2 (LRT-2), marking its fourth cashless transit initiative in the country. Developed in partnership with the Department of Transportation, Rizal Commercial Banking Corporation, and other industry stakeholders, the project enables more than 160,000 daily commuters to pay for train rides using Visa cards, QR codes, and NFC-enabled devices.
Robinsons Retail nears delisting after tender offer success
Robinsons Retail Holdings Inc. has moved a step closer to exiting the Philippine Stock Exchange after its controlling shareholder completed the acquisition of shares tendered by minority investors, reducing the company's public float to well below the exchange's minimum requirement.
Megaworld raises P516.5 million through MREIT block sale
Megaworld Corp. has raised about P516.49 million after selling 37.7 million shares in MREIT Inc. through a block sale, a move that provides fresh capital while maintaining the property giant's ability to recycle investments.
BDO cuts bond offer short on strong demand
BDO Unibank Inc., the country’s largest lender by assets, has closed the offer period for its sixth peso-denominated ASEAN Sustainability Bonds ahead of schedule after attracting robust demand from both retail and institutional investors, signaling continued appetite for fixed-income investments despite a lower interest rate environment.
BOI reaches halfway mark toward P1T investment goal
The Board of Investments (BOI) is nearing the halfway mark of its P1-trillion investment approval target for 2026 after first-half approvals climbed 21 percent, signaling that policy reforms and a steady pipeline of renewable energy projects continue to attract capital despite global economic headwinds.
