Forex reserves dip slightly to $105.7B in July
The country's gross international reserves (GIR) edged down to US$105.7 billion at end-July 2025 from US$106.0 billion the previous month, according to preliminary data released by the Bangko Sentral ng Pilipinas (BSP).
SMIC earns ₱42.6B in 1H 2025, driven by banking, property, retail
SM Investments Corporation (SM Investments) reported a consolidated net income of P42.6 billion for the first half of 2025, a 6 percent year-on-year increase from P40.2 billion, driven by broad-based gains across its banking, retail, and property businesses. Consolidated revenues grew 6 percent to P319.2 billion from P301.4 billion in the same period last year.
Megaworld targets 9,000 hotel rooms by 2030
Megaworld Corp. is aiming to grow its hotel room inventory to 9,000 keys by 2030, up from the current 6,000, as part of a broader strategy to boost the country's tourism, conventions, and events sectors. The expansion aligns with parent firm Alliance Global Group Inc. 's (AGI) thrust to consolidate and strengthen its hospitality assets.
Discovery Credit rebrands to Discovery Capital Finance
Discovery Credit Solutions Corp., one of the country's fastest-growing lending firms, has rebranded to Discovery Capital Finance Corp. (DCFC) following the Securities and Exchange Commission’s approval of its financing license—marking a pivotal shift in its corporate identity and signaling its evolution into a broader financial services provider.
Dominion Holdings posts P71.6 million six-mo. income
Dominion Holdings, Inc. (DHI, formerly BDO Leasing and Finance, Inc.) reported a net income of ₱71.6 million in the first half of 2025, compared to ₱134.5 million during the same period in 2024.
