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San Miguel raises P13B via preferred shares sale

San Miguel Corp. said Thursday it raised nearly P13 billion from the private placement of 173.3 million series 2-M preferred shares.

PSALM eyes cutting inherited burden by yearend

The Power Sector Assets and Liabilities Management Corp. (PSALM) looks to cut its financial obligations to P306.6 billion by the end of the year. Dennis...

Ayala sells majority stake in German auto parts maker 

Ayala Corp. on Tuesday bared selling its majority stake in the German auto parts maker MT Technologies GmbH and focus on its core businesses of real...

Globe bares sharp drop in scam messages

Globe Telecom Inc. on Tuesday reported a 46 percent drop in bank-related scam and spam messages in its network in the first half this...

ERC formally asks Congress to suspend listing rule covering small RE players

The Energy Regulatory Commission (ERC) is asking lawmakers to consider suspending the mandatory listing of energy companies at the local bourse to encourage the entry of more renewable energy (RE) companies.

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Alex Eala survives Toronto thriller, keeps rolling

Seven break points may have been the difference. So, perhaps, was everything Alex Eala had learned about surviving when a tennis match refuses to behave.

Persistent price pressures, cooling economy a compelling tightrope walk for the BSP 

The Bangko Sentral ng Pilipinas (BSP) faces an intricate policy dilemma as the economy slows down sharply. Second-quarter GDP growth cooled to 2.3 percent year-on-year—down from 2.8 percent in the first quarter and well below the 5.4 percent mark recorded a year prior—placing the central bank in the difficult position of managing persistent price pressures while avoiding a deeper domestic downturn.

Jollibee Group launches first Compose Coffee in PH, plans 5-year nationwide expansion

The Jollibee Group has opened its first Philippine branch of Compose Coffee at Market! Market! in Bonifacio Global City, Taguig.

RPVARA deferment gives housing sector breathing room

The deferment of the Real Property Valuation and Assessment...

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