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Lopez Inc. is reducing its controlling stake in ABS-CBN Corp., as the media firm secures P6 billion in new equity to rebuild operations and shore up finances after years of losses, the company disclosed to the Philippine Stock Exchange.

Anvaya Cove Golf Course has retained its No. 1 ranking in Southeast Asia and climbed to 15th in Asia, strengthening the Philippines’ pitch for high-value golf tourism while adding prestige to the country’s premium leisure property market.

Evro has surpassed 100,000 users as the digital platform expands its role in connecting Philippine electric vehicle drivers to a growing network of charging stations nationwide.

Philippine banks could see their bad-loan ratio rise to as high as 7 percent from 5.6 percent as inflation squeezes household incomes, credit growth weakens, and riskier unsecured loans come under pressure, S&P Global Ratings said.