Latest Market News

Stay updated with the latest news about dividends, earnings, and corporate actions in the Philippine stock market.

Net FDI Hits Three-Month High

Net foreign direct investments in the Philippines rebounded to a three-month high of $610 million in April, indicating renewed investor interest despite global uncertainties.

  • The net inflow was 7.1% higher than the previous month.
  • Investments were primarily directed towards manufacturing, financial services, and real estate.
  • The rise in FDI is seen as a positive sign for the Philippine economy.
Read more: manilatimes
MER

Meralco Implements Power Rate Hike

Meralco has announced a hike in household power rates by 49 centavos due to increased generation charges, affecting consumers amid rising fuel prices and peso depreciation.

  • The rate hike is attributed to higher generation costs.
  • Consumers are advised to tighten their budgets in response to the increase.
  • The hike reflects ongoing challenges in the energy sector.
Read more: gmanetwork
SMPH

SM Prime Launches New Office Tower in Laguna

SM Prime Holdings has launched The Core Tower Three in Sta. Rosa, Laguna, as part of its strategy to expand its office portfolio and cater to the growing demand from BPO and professional services firms.

  • The project is part of a P1.6-billion development adding over 27,000 square meters of office space.
  • SM Offices aims to create more than 6,000 jobs through tenant operations.
  • The launch reflects ongoing interest in scalable office spaces in regional growth centers.

NexGen Seeks Foreign Partners for Renewable Energy Projects

NexGen Energy Corp. is actively seeking foreign partners to develop its pipeline of renewable energy projects, highlighting its commitment to boosting the Philippines' renewable energy capacity.

  • NexGen is in discussions with investors from Japan, China, Europe, and the Middle East.
  • The company aims to enhance shareholder value through strategic partnerships.
  • NexGen's projects align with national targets for energy transition.
Read more: bworldonline

Philippine Stocks Drop Amid US Tariff Increase

The Philippine Stock Exchange index (PSEi) fell by 0.63% following the announcement of a 20% tariff on Philippine exports to the US, raising concerns about potential impacts on the export industry and overall economic performance.

  • PSEi dropped 41.14 points to close at 6,463.20.
  • The 20% tariff is expected to significantly affect electronics, garments, and agricultural sectors.
  • Analysts warn of potential job losses and reduced investor confidence.

NexGen seeks foreign partners for project pipeline

NexGen Energy Corp. is actively seeking foreign partners to develop its renewable energy projects, which could enhance its growth and profitability. Successful partnerships may lead to increased shareholder returns and dividend opportunities.

  • NexGen is in talks with investors from multiple regions.
  • Focus on renewable energy projects aligns with global trends.
  • Potential for increased dividends through growth.
Read more: bworldonline
SMPH

SM Prime launches Laguna office tower

SM Prime Holdings has launched The Core Tower Three in Sta. Rosa, Laguna, as part of its regional expansion strategy. This development is expected to create jobs and enhance the company's revenue potential, which may positively influence future dividends.

  • The Core Tower Three is part of a P1.6-billion project.
  • Expected to create over 6,000 jobs.
  • Enhances SM Prime's revenue potential.
Read more: manilatimes

US tariff increase a ‘major headwind’

Analysts warn that the newly imposed 20% tariff on Philippine goods could significantly impact the export industry, potentially leading to reduced revenues and affecting companies' ability to pay dividends. The government is urged to engage in trade diplomacy to mitigate the effects.

  • 20% tariff poses a threat to the export industry.
  • Could lead to lower revenues and job losses.
  • Urgent need for government trade diplomacy.
Read more: manilatimes

Peso gains, PSEi drops after US tariff hike

The Philippine peso strengthened slightly against the US dollar, while the stock market fell following the announcement of a 20% tariff on Philippine exports to the US. This development may impact investor sentiment and future dividend distributions.

  • Peso closed at P56.47:$1, up 10 centavos.
  • PSEi dropped to 6,463.20, reflecting investor concerns.
  • 20% tariff could affect export-driven companies' profitability.
Read more: manilatimes
FDC

SEC OKs Filinvest Development's P8-billion share offer

Filinvest Development Corp. has received approval from the Securities and Exchange Commission for a P8 billion preferred shares offer, enhancing its capital base. This move is significant for investors as it may lead to improved shareholder returns and dividend potential.

  • Filinvest aims to raise P8 billion through preferred shares.
  • The approval supports the company's financial stability.
  • Potential for enhanced dividends for shareholders.
Read more: business
VLL

Vista Land secures P3.4B loan for refinancing

Vista Land & Lifescapes has obtained a P3.4 billion loan for refinancing purposes, which will support its ongoing real estate projects. This financial maneuver is crucial for maintaining liquidity and could positively influence future dividend distributions.

  • Vista Land secured a P3.4 billion loan for refinancing.
  • The loan will support ongoing real estate projects.
  • This move is aimed at maintaining liquidity and financial stability.
Read more: manilatimes
MER

Meralco's MTerra Solar project reaches 54% completion

Meralco has reported that Phase 1 of its MTerra Solar project is now 54% complete, with significant capacity already installed. This project is expected to contribute to the company's long-term sustainability goals and could enhance shareholder value through renewable energy initiatives.

  • MTerra Solar project is 54% complete with 778 MW installed.
  • The project aims for a total capacity of 3,500 MW.
  • Completion is expected to enhance Meralco's renewable energy portfolio.
Read more: manilatimes
X

Xurpas explores divestment from Indonesian associate

Xurpas Inc. is in discussions to sell its stake in Indonesian firm PT Sembilan Digital Investama as part of its strategy to improve its financial position. This divestment could positively impact the company's equity and future dividend potential.

  • Xurpas is negotiating the sale of its 49% stake in PT Sembilan Digital Investama.
  • The divestment is part of efforts to address negative equity.
  • Final agreements are expected to be reached by September.
Read more: bworldonline
SMPH

SM Prime launches luxury home brand with P25-B budget

SM Prime Holdings has announced the launch of its premium residential brand, Signature Series, with an initial capital expenditure of P25 billion for a 284-hectare development. This strategic move into the luxury market could enhance shareholder returns as demand for high-end properties increases.

  • Initial capital expenditure of P25 billion for luxury development.
  • Signature Series targets the premium residential market.
  • SM Prime aims to capitalize on the growing demand for luxury properties.
Read more: bworldonline
FDC

FDC secures SEC approval for P8-B preferred share sale

Filinvest Development Corp. has received approval from the SEC for its P8-billion preferred share offering, which could enhance its capital structure and provide funding for future projects. This move is significant for investors looking for income-generating opportunities in the Philippine market.

  • FDC aims to raise P8 billion through preferred shares.
  • Approval from the SEC is a crucial step for the offering.
  • The funds are expected to support future growth initiatives.
Read more: bworldonline
BDO

BDO targets to raise P5 billion from sustainability bonds

BDO Unibank aims to raise at least P5 billion through its latest offering of peso-denominated sustainability bonds, which could enhance its capital base and support sustainable initiatives. This move is likely to positively impact shareholder returns.

  • BDO plans to raise at least P5 billion from sustainability bonds.
  • The offering is part of BDO's commitment to sustainable finance.
  • Funds raised will support various sustainable initiatives.
Read more: bworldonline
RLC

Robinsons Land completes P1.87-B reinvestment plan

Robinsons Land Corporation has completed the disbursement of approximately P1.87 billion raised from a block placement of shares, funding various capital projects. This strategic reinvestment is expected to bolster future growth and enhance shareholder value.

  • Robinsons Land raised P1.87 billion from a block placement.
  • Funds have been allocated to ongoing capital projects.
  • The investment aims to strengthen future growth.
Read more: manilatimes
SMPH

SM Prime launches luxury home brand with P25-B investment

SM Prime Holdings has debuted its Signature Series, targeting the premium residential market with an initial investment of P25 billion for a 284-hectare project in Muntinlupa. This expansion into the luxury segment could enhance shareholder returns through increased property values.

  • SM Prime allocates P25 billion for its new luxury home brand.
  • The project spans 284 hectares in Muntinlupa.
  • This move marks SM Prime's entry into the premium residential market.

Xurpas explores sale of stake in Indonesian firm

Xurpas Inc. is in talks to divest its 49% stake in PT Sembilan Digital Investama as part of efforts to improve its equity position and avoid potential delisting. This strategic move could enhance the company's financial health and shareholder value.

  • Xurpas is negotiating the sale of its stake in PT Sembilan Digital Investama.
  • The divestment aims to improve the company's equity position.
  • Final agreements are expected by September 2025.
Read more: bworldonline
FDC

FDC secures SEC approval for P8-B preferred share sale

Filinvest Development Corp. has received SEC approval for its planned P8 billion preferred share offering, which is expected to enhance its capital structure and support future growth initiatives. This move could positively impact shareholder returns as the company seeks to strengthen its financial position.

  • FDC aims to raise P8 billion through preferred shares.
  • The SEC approval marks a significant step in enhancing the company's capital structure.
  • Funds raised will support future growth initiatives.
Read more: bworldonline

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