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Monday, 09 June 2025, 11:36 am

    Tag: Editors' Picks

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    Japan cuts view on economy for first time in 10 months

    Markets Reuters Reuters -
    Japan's government on Wednesday slashed its view on the economy for November in its first such downgrade in 10 months, as weak demand weighed on capital spending and consumer expenditure.

    Union Bank starts offer of new series senior fixed-rate bond

    Banking & Insurance Context.ph Context.ph -
    Union Bank of the Philippines on Monday started the public offer of its 1.5-year senior fixed rate series F bonds due 2025 and its 3-year senior fixed rate series G bonds due 2026. The offer ends 29 November.

    GM’s Cruise robo-taxi CEO resigns from company

    Transport & Communications Reuters Reuters -
    The CEO of General Motors' robot-taxi unit Cruise, Kyle Vogt, has resigned from the company a day after apologizing to staff as the company undergoes a safety review of its U.S. fleet.

    Small modular nuclear reactor project discontinued in the US

    Energy Context.ph Context.ph -
    The push for bring compact nuclear reactors to market stumbled last week as exponents of the clean-energy technology—Utah Associated Municipal Power Systems and listed NuScale Power Corp.-- decided to terminate their decade-old Carbon Free Power Project.

    CAB keeps airline fuel surcharge unchanged for December

    Transport & Communications Context.ph Context.ph -
    The Civil Aeronautics Board (CAB) has maintained the passenger and cargo fuel surcharge to level 7 for December due to lower jet fuel prices. 
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    HTI expands land bank with Antipolo acquisition

    Corporate 0
    HTI expands land bank with Antipolo acquisition Corporate Listed firm Haus Talk Inc. (HTI) has finalized the acquisition of the former National Steel property in Antipolo, Rizal, marking a major strategic expansion of its land portfolio. The deal reinforced its presence in the affordable housing segment and advanced its vision as a leading provider of “value for money” residential developments in the country. The newly acquired site will serve as the location of HTI’s next flagship residential and commercial project, slated to begin in the fourth quarter this year. The development is projected to deliver around 1,500 housing units and generate estimated revenues of ₱4.9 billion, making it one of the company's most significant investments to date. Benchmarking the design against its successful The Granary community in Biñan, Laguna, HTI plans to integrate residential units with commercial spaces, aligning with its mixed-use development strategy. “This acquisition underscores Haus Talk Inc.'s aggressive strategy to bolster our land bank and solidify our position as a dominant force in the affordable housing sector,” said Ma. Rachel D. Madlambayan, HTI president & CEO. Located in Antipolo, the project capitalizes on the area’s blend of urban accessibility and provincial charm—features increasingly in demand among homebuyers. The transaction is seen as a milestone in HTI’s growth strategy, further consolidating its market position amid rising demand for affordable housing and enhancing shareholder value through long-term revenue generation. HTI’s move also reaffirms its commitment to addressing the Philippines’ housing backlog through scalable, high-impact developments in prime areas.

    Emperador doubles down on whisky expansion

    Corporate 0
    Emperador Inc., a major player in the global whisky market and controlled by tycoon Andrew Tan, is investing P4 billion this year, with the lion’s share earmarked for bolstering its whisky portfolio — a strategic move aligned with rising demand worldwide for premium spirits.

    RCBC eyes P3B from Sustainability Bond offer

    Banking & Insurance 0
    Rizal Commercial Banking Corp., the country’s 6th largest lender...

    Digital trading drives record growth in PSE accounts

    Corporate 0
    The Philippine Stock Exchange (PSE) saw a 50 percent surge in investor accounts in 2024, climbing to 2.86 million from 1.91 million in 2023, marking the highest annual increase since tracking began in 2008. PSE president and CEO Ramon S. Monzon attributed the record growth to the increasing accessibility of digital trading platforms.

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    PH faces trade headwinds as Japan’s economy contracts

    0
    Japan, the Philippines' third-largest trading partner, saw its economy contract by 0.2 percent year-on-year in the first quarter of 2025, according to revised government data released recently. While the updated figure marks an improvement from the earlier 0.7 percent decline estimate, it highlights a reversal from the 2.2 percent growth logged in 4Q 2024 and marks the first annual contraction in a year.
    Corporate

    HTI expands land bank with Antipolo acquisition

    0
    HTI expands land bank with Antipolo acquisition Corporate Listed firm Haus Talk Inc. (HTI) has finalized the acquisition of the former National Steel property in Antipolo, Rizal, marking a major strategic expansion of its land portfolio. The deal reinforced its presence in the affordable housing segment and advanced its vision as a leading provider of “value for money” residential developments in the country. The newly acquired site will serve as the location of HTI’s next flagship residential and commercial project, slated to begin in the fourth quarter this year. The development is projected to deliver around 1,500 housing units and generate estimated revenues of ₱4.9 billion, making it one of the company's most significant investments to date. Benchmarking the design against its successful The Granary community in Biñan, Laguna, HTI plans to integrate residential units with commercial spaces, aligning with its mixed-use development strategy. “This acquisition underscores Haus Talk Inc.'s aggressive strategy to bolster our land bank and solidify our position as a dominant force in the affordable housing sector,” said Ma. Rachel D. Madlambayan, HTI president & CEO. Located in Antipolo, the project capitalizes on the area’s blend of urban accessibility and provincial charm—features increasingly in demand among homebuyers. The transaction is seen as a milestone in HTI’s growth strategy, further consolidating its market position amid rising demand for affordable housing and enhancing shareholder value through long-term revenue generation. HTI’s move also reaffirms its commitment to addressing the Philippines’ housing backlog through scalable, high-impact developments in prime areas.
    Corporate

    Emperador doubles down on whisky expansion

    0
    Emperador Inc., a major player in the global whisky market and controlled by tycoon Andrew Tan, is investing P4 billion this year, with the lion’s share earmarked for bolstering its whisky portfolio — a strategic move aligned with rising demand worldwide for premium spirits.
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