Top News
TRB approves new toll rates for CAVITEX
The Toll Regulatory Board (TRB) has approved new toll rates for the Manila-Cavite Expressway (CAVITEX), effective October 28, 2025, following petitions filed in 2020 and 2023 by CAVITEX Infrastructure Corporation (CIC) and the Philippine Reclamation Authority (PRA).
BSP approves only US$1.1-B public sector borrowings in 3Q, down 71% yoy
The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) has approved a total of US$1.10 billion in proposed public sector foreign borrowings for the third quarter of 2025, marking a 71.13 percent decline from the US$3.81 billion approved in the same period last year.
Budget deficit narrows in September as revenue outpace spending
The budget deficit eased to P248.1 billion in September, down from P273.3 billion in the same month last year, as revenue growth outpaced spending, the Department of Finance reported Thursday.
Maynilad opens P34-B IPO following SEC nod
West Zone water provider Maynilad Water Services Inc. has begun its initial public offering (IPO) following the Securities and Exchange Commission’s (SEC) approval to sell shares to the public. The offer period, which started Thursday, runs until 29 October, with the company expected to list on the Philippine Stock Exchange (PSE) on 7 November under the ticker MYNLD.
Foreign funds back Maynilad’s P34-B share sale
Maynilad Water Services Inc.’s upcoming initial public offering, slated for next month, is expected to lift investor sentiment in the local equities market, amid easing interest rates.
