Top News
DOTr reverses decision, moves forward with cashless toll system rollout
The Toll Regulatory Board (TRB) announced on Tuesday that it expects to implement a fully cashless and interoperable toll system across all expressways by the end of the year. This decision follows a brief suspension by the Department of Transportation (DOTr), which had initially ordered a delay for further review.
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.
MPTC pauses merger nego with SMC amid debt cut plans
Metro Pacific Tollways Corp. (MPTC) has announced a temporary pause in its merger negotiations with San Miguel Corp. (SMC), citing the company’s ongoing efforts to raise equity capital to reduce its debts.
Banks poised for continued profit growth in 2025
Fitch Ratings has forecast continued strong profitability for the country's major banks in 2025, building on last year's solid performance.
Capital repositioning allow for continued FDI outflows in January
The Bangko Sentral ng Pilipinas (BSP) on Friday reported net foreign investments of USD283.69 million exiting the Philippines In January 2025. This was a significant improvement compared to the previous month's outflows of USD487.37 million. The decrease, amounting to USD203.68 million or 41.8 percent, points to a recovery in market sentiment despite ongoing global economic pressures.
