Corporate

Conglomerate San Miguel Corporation has launched a P30 billion preferred share offering, with funds set to go toward debt refinancing and key infrastructure projects including the proposed New Manila International Airport in Bulacan. The Securities and Exchange Commission gave approval for the offer the previous Tuesday. The shares will be open for subscription until July 23, with listing on the Philippine Stock Exchange scheduled for August 3.

Converge Information and Communications Technology Solutions Inc., a major fiber internet provider, announced on Wednesday it has expanded its share buyback program with an additional P5 billion to boost shareholder value. The move was approved by the company’s board of directors. Chief financial officer Robert Leo Yu confirmed the extra funds will not disrupt daily operations or planned spending, including ongoing network expansion across the Visayas and Mindanao. He noted the decision reflects strong confidence in the firm’s worth and its ability to reward investors while maintaining heavy investments in national fiber infrastructure, supported by a solid financial position. Actual purchases will depend on market conditions and follow securities rules. Converge shares closed at P9.25 each on Wednesday.

The Philippine Nickel Industry Association (PNIA) urged the government to accelerate mining permit efficiencies as Indonesia’s upcoming 2026 quota decisions highlight the global need for a more diversified critical minerals supply chain.

If using Salmon already feels good, it is about to get even better. Following a playful new ad where every financial win brings bursts of confetti for host Sam YG, Salmon is bringing that same excitement straight to its customers with the launch of the Feels Good Raffle.

Manulife China Bank Life, the partnership between Manulife Philippines and China Banking Corporation, is launching a new cancer support program to help customers take charge of their health.