The Chamber of Mines of the Philippines (COMP) expressed optimism over the future of the local mining industry, citing favorable government policies that could restore the sector as a key economic driver.
Toyota Financial Services Philippines Corporation., the auto financing arm of GT Capital Holdings Inc., successfully listed P5 billion worth of fixed-rate bonds on the Philippine Dealing and Exchange Corporation (PDEx), marking its maiden issuance in the local debt market.
As the Philippine initial public offering (IPO) market continues to feel the drag of global headwinds in 2024 and 2025, investor sentiment remains cautious and companies are in no rush to go public. Yet while the pipeline may be quiet, it is far from empty — especially in sectors like infrastructure, healthcare, energy, consumer goods, and tech-enabled services, where growth potential still sparks investor interest.
Shares of Apple Inc. surged to a record high on Monday, driven by strong early demand for its newly released iPhone 17 across key markets in China and the US.
Treasury bill rates were generally lower at Monday’s auction, as expectations of further monetary policy easing by the Bangko Sentral ng Pilipinas (BSP) continued to weigh on yields.