Metro Pacific Tollways Corp. (MPTC) has received pre-effective approval from the Securities and Exchange Commission (SEC) for its planned public offering of up to ₱15 billion in fixed-rate bonds, with an additional ₱5 billion oversubscription option. The bonds may be issued in up to three series with tenors of 3, 5, or 10 years.
SM Prime Holdings Inc., in partnership with the Iloilo City Government, has opened the newly redeveloped Iloilo Central and Terminal Markets, transforming two of the city’s oldest public spaces into modern community hubs.
Ayala Corp., the diversified investment holding company of the Ayala Group, posted a 36 percent jump in net income to up P46.3 billion in the first nine months of 2025, boosted by one-off gains from the revaluation of AC Ventures following Mitsubishi’s acquisition of a 50 percent stake.
MacroAsia Corp., a listed unit of the Lucio Tan Group, reported a 9 percent rise in consolidated net income to up P384.3 million in the third quarter of 2025, powered by higher aviation service volumes, solid catering recovery, and steady water operations.
Shares of International Business Machines (IBM) surged to a record high Wednesday after the tech giant unveiled major quantum computing breakthroughs at its Quantum Developer Conference, signaling a leap toward commercial quantum advantage by 2026 and fault-tolerant quantum systems by 2029.
Despite a sharp rise in April inflation and mounting external risks, the Philippines remains “on the right track,” according to Asian Development Bank chief economist Albert Park, who spoke to CNBC during the lender’s annual meeting in Uzbekistan on Tuesday.
DigiPlus Interactive Corp., operator of BingoPlus, ArenaPlus, and GameZone, posted a net income of P2.8 billion in the first quarter of 2026, down 33 percent year-on-year as regulatory changes and softer consumer spending weighed on platform activity.
The Department of Information and Communications Technology (DICT) plans to cut broadband costs in the country by 40 to 80 percent by 2028 under its National Digital Connectivity Plan.