Markets

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.

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.

Philippine National Bank (PNB), the country’s eighth-largest lender by assets, is set to raise at least P3 billion through a dual-tranche, peso-denominated sustainability bond...

The longest US government shutdown in history could end within days after the Senate on Monday (early Tuesday in Manila) approved a major funding bill in a 60–40 vote, sending the measure to the House of Representatives for a final vote as soon as Wednesday.

Metro Pacific Tollways Corp. is tentatively scheduled to set on Thursday, November 13, the interest rates on the fixed-rate bonds it plans to issue to finance various toll road projects.