- Broader fintech, literacy urged as SEC acts on lending firms
THE PUBLIC and private sectors must intensify efforts on financial literacy and financial technology (fintech) innovation to offer safer, more inclusive lending alternatives, as the Securities and Exchange Commission (SEC) cracks down on erring lending companies, according to economists.
- AboitizPower starts P30-B bond offer
ABOITIZ POWER CORP. (AboitizPower) has begun offering up to P30 billion in fixed-rate retail bonds, with proceeds intended to refinance existing obligations. In a regulatory filing on Thursday, the company said it had secured a permit to offer securities for sale from the Securities and Exchange Commission (SEC). The offering comprises P20 billion worth of
- ACEN infuses P875M into unit for land acquisition
AYALA-LED ACEN Corp. is infusing P875 million into its subsidiary, Buendia Christiana Holdings Corp. (BCHC), to support the acquisition of land parcels intended for future power projects. In a stock exchange disclosure on Thursday, ACEN said it had subscribed to an additional 875,000 common shares and 7.88 million redeemable preferred shares, both priced at P100
- ABS-CBN expects return to profitability on stronger ad revenues, digital growth
LISTED media company ABS-CBN Corp. said it expects to return to profitability within 18 months, citing higher advertising revenue and contributions from its digital, film, and music operations. “I believe we are finally well-positioned for a turnaround this 2025. The advertising market is recovering from last year and we will get an extraordinary bump from
- Megaworld unit allots P5B for Nasugbu project
MEGAWORLD CORP. subsidiary Global-Estate Resorts, Inc. (GERI) has allocated P5 billion to develop the 116-hectare Nascala Coast beachside township in Nasugbu, Batangas over the next five years. Set to become Megaworld’s 36th township, Nascala Coast will feature residential villages, beachside condominium clusters, commercial hubs, and leisure destinations, GERI said in a regulatory filing on Thursday.
- Suntrust delays Westside City casino opening to Q3 2026
LISTED Suntrust Resort Holdings, Inc. said the opening of its $1-billion Westside City casino project in Parañaque City has been moved to the third quarter (Q3) of 2026 from the earlier target of December this year due to an ongoing review of construction plans. “Based on the Philippine Amusement and Gaming Corp.-approved project implementation plan,
- Meralco says it upgraded Bulacan substation
MANILA ELECTRIC CO. (Meralco) said it has upgraded the power transformer bank at its Duhat Substation in Bocaue, Bulacan to improve power quality in the area. In a statement on Thursday, the power distributor said it replaced a 42-year-old transformer with a new 300-megavolt ampere (MVA), 220-kilovolt (kV)–115-kV power transformer equipped with an on-load tap
- How PSEi member stocks performed — June 26, 2025
Here’s a quick glance at how PSEi stocks fared on Thursday, June 26, 2025.
- ComClark’s P31.55-B air traffic control proposal now under review
THE P31.55-BILLION unsolicited proposal of ComClark Network and Technology Corp. for the management of the country’s air navigation traffic and control system is now under review by the Department of Transportation (DoTr) and the Civil Aviation Authority of the Philippines (CAAP), according to the Public-Private Partnership (PPP) Center.
- Regulator approves adjusted toll rates for CCLEX
THE Local Toll Regulatory Council (LTRC) has approved the collection of adjusted toll rates for the Cebu-Cordova Link Expressway (CCLEX), effective July 1. “We understand that any toll changes can raise concerns, and we assure you that we are steadfast in our commitment to continuously enhance our services to provide you safe, seamless, and reliable