- MPIC eyes over P200-B capex for 2026 on Meralco solar push
PANGILINAN-LED Metro Pacific Investments Corp. (MPIC) is eyeing over P200 billion in capital expenditures (capex) for 2026, nearly double its P116-billion spending in 2025, mainly driven by Manila Electric Co.’s (Meralco) solar projects, although the budget may still be reviewed amid geopolitical uncertainties, a company official said. “For 2026, the biggest capex will really be
- ICTSI unit to sell 51% stake in China terminal for P6.77 billion
RAZON-LED International Container Terminal Services, Inc. (ICTSI) said its unit is divesting its stake in Yantai International Container Terminals Ltd. (YICTL) for 773.21 million renminbi, or about P6.77 billion. In a regulatory filing on Monday, ICTSI said its wholly owned subsidiary, ICTSI Hong Kong Ltd., had signed an agreement with Yantai Port Holdings Co. Ltd.
- Alternergy starts operations of Nueva Ecija hydropower plant
RENEWABLE ENERGY developer Alternergy Holdings Corp. has started injecting power into the grid as it commenced commercial operations of its P1.7-billion run-of-river (RoR) hydropower plant in Gabaldon, Nueva Ecija. “The start of the commercial operations of Balsik Solar and now Dupinga RoR Hydro completes Alternergy’s Triple Play portfolio of wind, solar and hydro renewable resources,”
- Top Line plans P1.5-B preferred share offer to fund import, trading
CEBU-BASED fuel retailer Top Line Business Development Corp. is planning to raise up to P1.5 billion through a follow-on offering to support its import and trading operations. In a statement on Monday, the company said it had filed a registration statement with the Securities and Exchange Commission (SEC) covering the offer and sale of up
- CEB 2025 income rises to P12.3B, suspends 5 routes until Oct. 2026 amid Middle East war
CEBU AIR, INC., the listed operator of budget airline Cebu Pacific (CEB), reported a more than twofold increase in its 2025 net income to P12.3 billion, driven by higher passenger revenues. “Cebu Pacific’s 2025 financial results demonstrate the returns of strategic investments in capacity growth, fleet modernization and operational integrity. The larger, more fuel efficient
- SEC says new reporting rules to improve transparency, trust
THE Philippines’ move to adopt International Sustainability Standards Board (ISSB) disclosure standards is expected to strengthen transparency and trust in markets, the Securities and Exchange Commission (SEC) said. SEC Chairperson Francisco Ed. Lim said during the Economic Journalists Association of the Philippines’ sustainability forum on Monday that companies should not conceal forward-looking risks, as investors
- Foxmont eyes to invest P4B in PHL startups, key sectors
FOXMONT CAPITAL Partners (Foxmont), a venture capital firm focused on tech-enabled startups, plans to invest P4 billion in Philippine companies over the next few years, focusing on heavy manufacturing, solutions-driven enterprises, and the health technology sector. “In investing in the Philippines, there is a lot of interest. We have a lot of international investors that
- How PSEi member stocks performed — March 23, 2026
Here’s a quick glance at how PSEi stocks fared on Monday, March 23, 2026.
- SEC’s Lim firm on broker-director term limits
SECURITIES and Exchange Commission (SEC) Chairman Francisco Ed. Lim said the proposed 10-year cumulative term limit for broker-directors of an exchange remains firm, while noting that the Commission is open to valid feedback from market participants. “As far as I’m concerned, the term limits are non-negotiable, but I’m still listening to their comments. If they
- AIC ramps up airport commercial offerings
ABOITIZ INFRACAPITAL, Inc. (AIC) said it is expanding its food, beverage, and retail services at the Laguindingan and Bohol-Panglao airports as part of efforts since late last year to improve passenger experience and enhance commercial value. “By optimizing commercial layouts and partnering with both established and emerging brands, we aim to create vibrant terminal environments