Century Properties Group is planting its flag in Mindanao, with its first-home brand PHirst officially launching PHirst Park Homes in General Santos City on February 21, marking its maiden entry into the region and a key step in its nationwide expansion drive.
Century Properties Group Inc. said it has received a pre-effective letter from the Securities and Exchange Commission (SEC) favorably considering the company’s shelf registration of debt securities worth up to P12 billion, a key step toward tapping the domestic bond market.
Century Properties Group, Inc. said it has enhanced its dividend policy to showcase the company’s improved financial performance, with regular dividend rate doubled to 20 percent of consolidation net income for common shares. Additionally, CPG has declared a 5 percent special cash dividend for 2025.
Century Properties Group Inc. (CPG) delivered a strong start to 2025, with robust sales across its residential projects driving a 16 percent year-on-year increase in net income, which reached P473 million in the first quarter.
The Securities and Exchange Commission (SEC) has given the green light to Mynt Inc., operator of leading digital payments platform GCash, for its initial public offering (IPO) valued at up to P92.32 billion.
The slight cooling of headline inflation to 6.1 percent in August from 6.2 percent in July provides a welcome breathing room, but it remains far from a signal for the central bank to ease its stance. Lower meat and vegetable prices helped pull down overall food inflation, though the decline was largely muted by accelerating rice costs and expensive transport amid persistent global oil strength. According to Bank of the Philippine Islands (BPI) lead economist Emilio S. Neri, Jr., this temporary easing is unlikely to alter the trajectory of monetary policy. He says that the Bangko Sentral ng Pilipinas (BSP) will likely stay on a tightening path, potentially raising the policy rate by 25 basis points in each of its final two meetings this year to hit 5.50 percent.
Samsung Electro-Mechanics Philippines Corp.’s (SEMPHIL) P50.7-billion expansion is starting to draw interest from its Korean supply chain, with about 30 Tier 1 suppliers of parent Samsung Electro-Mechanics Co. Ltd. (SEMCO) expected to come to the Philippines in October to assess potential local investments.
ACMobility has launched a nationwide electric vehicle safety education program covering EV technology, charging, ownership, and vehicle safety as electric vehicles become more common in the Philippine market.