Tag: PhilWeb

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PhilWeb secures AI push via Gokongwei deal 

Communications & Technology Context.ph Context.ph -
PhilWeb Corp. has secured a P2.02-billion strategic equity investment from businessman Lance Y. Gokongwei, marking a major capital boost that will accelerate its shift toward becoming an artificial intelligence-enabled technology infrastructure provider for the regulated digital entertainment sector.

PhilWeb, Okada launch premium gaming platform

Corporate Context.ph Context.ph -
PhilWeb Corp., a listed electronic gaming company, has sealed a strategic partnership with Tiger Resort, Leisure and Entertainment, Inc. to roll out a new online gaming platform branded OKADA PLAY, marking a significant push into the country’s fast-growing digital gaming market.

PhilWeb teams with Hann Casino for online gaming

Corporate Context.ph Context.ph -
PhilWeb Corp., a listed application service provider for gaming and internet business activities, has struck a strategic partnership with Hann Casino to manage the latter’s regulated online gaming platform in the Philippines, a significant push into the country’s digital gaming market.

PhilWeb control sale triggers tender offer

Corporate Context.ph Context.ph -
PhilWeb Corp. is set for a change in control after its principal shareholder, Gregorio Araneta Inc. (GAINC), agreed to sell its entire 57 percent stake to two domestic holding firms, a deal that will trigger a mandatory tender offer to minority shareholders.

PhilWeb faces shift in control as Araneta Inc sells stake

Corporate Context.ph Context.ph -
PhilWeb Corp., a listed gaming company, said it was notified that its principal shareholder, Gregorio Araneta Inc., has entered into a Share Purchase Agreement with Nexora Holdings Inc. and Velora Holdings Inc. to sell GAINC’s entire 57 percent stake—comprising 829.57 million common shares—for P2.17 per share, or a total P1.8 billion.

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Foreign currency reserves hold firm at $104.8 billion in August

Economy 0
The country’s foreign currency reserves stood strong at $104.8 billion as of the end of August 2026, driven by higher global gold prices and earnings from foreign investments, according to preliminary data from the Bangko Sentral ng Pilipinas. Although government withdrawals to pay off foreign debt offset some gains, the overall buffer remains well above global safety standards.

Fuel prices set to rise sharply; over P5 per liter for diesel and kerosene, P4+ for gasoline

Energy & Mining 0
The Department of Energy (DOE) confirmed major across-the-board fuel price hikes taking effect this week, reversing last week’s slight rollback.

Pork prices fall on ASF fears; vaccines, support seen stabilizing industry

Agriculture 0
Pork farmgate prices have dropped sharply as domestic hog raisers rush sales ahead of the rainy season to avoid African swine fever (ASF) losses, the Department of Agriculture (DA) reported Monday. Higher output from last year’s price surge, not imports, drives the shift—production rose 5.6npercent in Q2 while farmgate prices fell nearly 19 percent year-on-year.

Palace says revenues can cover debt as ProGRESS advances

Economy 0
The Philippine government has enough revenues to service its debt even without the proposed ProGRESS tax package, Malacañang said Monday, as the Marcos administration pushes reforms to strengthen fiscal capacity and provide targeted tax relief.

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