Sunday, 17 August 2025, 2:08 pm

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    NexGen share price made little gains on its debut

    NexGen Energy Corp. shares made little gains on its debut Tuesday at the Philippine Stock Exchange trading under the ticker sign XG.

    Online marketplace should start collecting withholding tax from merchants—BIR

    The Bureau of Internal Revenue said Tuesday the electronic marketplaces operating in the country such as Shoppee and Lazada should start imposing withholding tax on sellers and merchants using their online platform.

    DA chief calls for modernization of Philippine crop insurance practices

    Agriculture Secretary Francisco P. Tiu Laurel, Jr. urged the Philippine Crop Insurance Corp. (PCIC) to modernize its operations and develop more affordable insurance products and services to better serve farmers, fisherfolk and livestock raisers.

    Del Monte Pacific tells SGX it could effectively manage its debts

    Del Monte Pacific Ltd. expressed confidence it could timely and effectively manage its financial obligations after the Singapore Exchange Securities Trading Ltd., or SGX, raised concerns about its current liabilities exceeding the amount of its current assets by USD417.3 million and other financial indicators.

    Jollibee reports cybersecurity breach, initiates protocols to protect data

    Jollibee Foods Corp., the country’s largest restaurant chain, said it experienced during the weekend a cybersecurity incident resulting in a personal data breach affecting the company and several of its subsidiaries.

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    USABC wraps largest-ever defense mission to Manila

    The US-ASEAN Business Council (USABC) concluded its 2025 Aerospace, Defense, and Security (ADS) Mission to the Philippines, marking the largest industry delegation in its 41-year history. Held from 14 to 15 August, the mission brought 26 top U.S. defense and aerospace firms to Manila to strengthen strategic ties amid deepening U.S.-Philippines security cooperation.

    Globe accelerates network expansion

    Globe Telecom ramped up its network infrastructure development in Q2 2025, highlighting aggressive expansion and 5G rollout efforts aimed at meeting the country’s surging digital demand.

    Abacore Capital reports 15% profit surge in 2024

    Abacore Capital Holdings Inc. (PSE: ABA) reported a strong financial performance for 2024, with net income rising to ₱3.293 billion, up ₱429 million or nearly 15 percent from ₱2.864 billion in 2023. The company attributed this growth to a 35 percent increase in other income (₱3.458 billion), a reduction in administrative expenses to ₱155 million, and dividend income reaching ₱7.3 million.

    BSP unveils art exhibit on culture and capital

    The Bangko Sentral ng Pilipinas (BSP), in collaboration with the National Museum of the Philippines (NMP), has launched “Kultura. Kapital. Kasalukuyan. Contemporary Art from the BSP Collection”, at the National Museum of Fine Arts in Manila.

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