Markets

East Coast Vulcan Mining Corporation said its board has approved a series of corporate actions aimed at cleaning up its balance sheet and positioning the company for potential capital raising.

Robinsons Retail Holdings Inc. (RRHI) said it will shut down all standalone No Brand stores in the Philippines, marking a strategic shift as the retailer streamlines its portfolio toward higher-performing formats.

Online retailer Shopee reported a 19 percent increase in orders during its 3.3 sale, based on newly released consumer data showing how Filipinos shop online.

The Financial Executives Institute of the Philippines is calling for faster development of the country’s capital markets, warning that sustaining economic growth will require broader, more reliable sources of long-term funding.

Leading Philippine business groups have thrown their weight behind the Securities and Exchange Commission (SEC) proposal to impose term limits on broker directors of securities exchanges, calling it a timely governance reform aimed at bolstering investor confidence and market integrity.