Ayala Land Inc. said it is not in a hurry to raise funds from the capital market, citing current uncertainties. The property developer still plans to tap the market this year to refinance around P20 billion in maturing debts, but will time any issuance according to its refinancing schedule, CFO Jose Eduardo Quimpo II said.
AppleOne Medical Group is expanding its hospital network across the Visayas and Mindanao to improve access to quality healthcare, especially in underserved areas.
The Philippine Stock Exchange index (PSEi) could finish the year at around 7,100 points, supported by solid corporate earnings and improving economic conditions, according to Philstocks Financials Inc. If reached, this level would signal renewed confidence in the stock market after recent volatility and reflect better prospects for listed companies.
The House of Representatives’ justice committee on Wednesday, February 4, junked two impeachment complaints against President Ferdinand Marcos Jr., saying the petitions failed to sufficiently establish impeachable offenses. The dismissal effectively grants Marcos a one-year immunity from impeachment, as the Constitution allows only one proceeding against an official per year. The complaints, separately endorsed by Pusong Pinoy Rep. Jett Nisay and the Makabayan bloc, faulted the President for flood control failures and budgetary problems. The Makabayan-backed petition went further, alleging systemic corruption through a “BBM parametric formula,” abuse of unprogrammed funds, and Marcos’ alleged direct role in kickbacks.
Japan and the Philippines have agreed in principle to replace their existing tax treaty, marking the first major update to the agreement in nearly 20 years.
Live broadcasts within the Senate building showed commotion within the second floor, with gun shots heard and uniformed personnel armed with long fire arms and clad in bulletproof vests trying to secure the area. It remains unclear what happened, with security personnel refusing to reply to media queries.
The Department of Agriculture (Philippines) and Bureau of Fisheries and Aquatic Resources have signed new agreements with Papua New Guinea and the Marshall Islands to strengthen cooperation in the fisheries sector.
The Philippines showcased significant progress in legal and regulatory reforms during the Luzon Economic Corridor (LEC) Steering Committee meeting on May 12, highlighting efforts to create a transparent, competitive, and investment-friendly business environment.