Markets
Petron to raise up to P32B via peso bond issue
Petron Corp., the Philippines' largest oil company and sole refiner, announced Tuesday that its board has approved a plan to raise up to P32 billion this year through the public offer of peso-denominated retail bonds.
US shares drop as Trump confirms tariff hike
US shares retreated on Monday after President Donald Trump dashed hopes of a delay—or even a full reversal—of the increased tariff on goods imported from Mexico and Canada. This decision reignited fears of a trade war between the North American neighbors.
Globe Telecom’s 5G expansion reinforces leadership and empowerment in the digital economy
Globe Telecom Inc. is setting a new benchmark in the Philippine telecommunications sector with the launch of 587 new 5G sites across the country. The investment is designed to meet the growing demand for high-speed mobile services and enhance Globe’s leadership in the industry.
Unicapital recasts stock market forecast to 7,800 points by year-end
Unicapital Inc., one of the leading local brokers, has revised its year-end forecast for the benchmark Philippine Stock Exchange index (PSEi) to 7,800 points, down from the previous estimate of 8,000 points. The adjustment, however, still indicates a notable growth outlook for the market, with a potential 10 percent rise from the current level of 6,529 points.
Jollibee soars after stock exchange lifts foreign ownership limit
Shares of Jollibee Foods Corp. surged Thursday, pushing towards its 52-week high after the Philippine Stock Exchange (PSE) approved listed food group's request to amend its foreign ownership limit by removing the 40 percent cap and replacing it with “no limit.”
