Philippine equities are likely to remain volatile this week as accelerating inflation, peso weakness and mounting expectations of monetary tightening weigh on sentiment, tempering optimism over corporate earnings and potential new stock market listings.
Singapore-based Vena Energy is committing an additional P52 billion in equity investments to expand its Philippine renewable energy portfolio by 1.29 gigawatts (GW) over the next two years, strengthening its presence in a power market seeking to diversify supply and reduce reliance on conventional energy sources.
McDonald’s Philippines is expanding its Korean-inspired offerings as the popularity of Korean food, music and entertainment continues to shape Filipino consumer tastes, highlighting how global pop-culture trends are creating new opportunities for food and beverage brands.
The government is expanding its flagship housing program by bringing more private developers on board and offering subsidized financing, as it seeks to make homeownership more attainable for Filipino families amid varying budgets and property prices.