Latest Market News

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

PX

Didipio reserves now higher; OceanaGold touts potential

OceanaGold has successfully converted new gold and copper resources into reserves at the Didipio Mine, which may enhance its financial standing and dividend potential. The company plans to invest $5 million in exploration activities this year.

  • Didipio Mine's reserves increased by 55% for gold and 50% for copper.
  • Plans to invest $5 million in exploration activities.
  • Positive outlook for future resource extraction and profitability.
Read more: manilatimes
mining and oil
MER

Meralco substation goes online

Meralco has energized a new substation to address growing power loads in Manila, which may enhance service reliability and customer satisfaction, potentially influencing future dividend stability. The substation will serve key educational and health institutions.

  • New 115-34.5 kV substation commissioned with an initial capacity of 83 megavolt amperes.
  • Will serve institutions like the Jose R. Reyes Memorial Medical Center.
  • Strengthens electricity distribution system for better service.
Read more: manilatimes
services
MER

Meralco seeks PCC nod in supply deals

Meralco is seeking regulatory approval for competitive bidding of 1,250 megawatts of power supply, which could impact future electricity rates and subsequently affect dividends. The approval process involves the Philippine Competition Commission and the Energy Regulatory Commission.

  • Meralco's planned competitive selection processes must be cleared by regulators.
  • Involves 200 MW renewable energy baseload and 600 MW baseload requirements.
  • Approval delays could impact future electricity supply and pricing.
Read more: business
services

Philippines' current account deficit doubled in Q1

The Philippines' current account deficit doubled to $4.2 billion in Q1 2025, indicating economic pressures that may affect corporate earnings and dividends. This deficit reflects a growing merchandise trade gap as imports outpace exports.

  • Current account deficit rose from $2.1 billion a year earlier.
  • Deficit equivalent to 3.7% of GDP.
  • Widening trade gap driven by increased import spending.
Read more: business
AEV

AboitizPower's P100-B bond program approved

Aboitiz Power Corp. has received approval for a P100 billion bond program, with the first tranche expected to net up to P29.64 billion. The proceeds will be used for refinancing existing debt, which may impact future dividend payouts positively.

  • First tranche of up to P20 billion with an oversubscription option of P10 billion.
  • Expected to net up to P29.64 billion from the bond offer.
  • Proceeds will be used for refinancing and early redemption of existing debt.
Read more: manilatimes
holding firms
CEB

Cebu Pacific reports significant passenger growth

Cebu Pacific has reported a 21.7% increase in passenger numbers for May 2025, indicating a strong recovery in travel demand. This growth could lead to improved financial performance and potential dividend increases in the future.

  • Cebu Pacific carried 2.4 million passengers in May 2025.
  • The airline's seat load factor increased to 86.4%.
  • Year-to-date passenger numbers have grown by 23.7%.
Read more: manilatimes
services
BLOOM

Bloomberry Resorts appoints new president

Bloomberry Resorts Corp. has appointed Gregory Francis Hawkins as its new president and COO, succeeding Thomas Arasi. This leadership change comes as the company reports a 26% increase in net income, which could influence future dividend decisions.

  • Gregory Francis Hawkins takes over as president and COO of Bloomberry.
  • The company reported a 26% increase in net income for the first quarter.
  • This leadership change may impact future operational strategies.
Read more: manilatimes
services
SM

Seven PH companies in Forbes' Global 2000

Seven Philippine companies, including SM Investments and BDO Unibank, have been listed in Forbes' Global 2000, highlighting their significant market presence. This recognition may enhance investor confidence and impact future dividend policies.

  • SM Investments ranked highest among Philippine firms at 811th.
  • BDO Unibank followed closely at 846th.
  • The list reflects the resilience of the Philippine economy.
Read more: gmanetwork
BDOholding firmsfinancials
PSE

Philippine Stock Exchange to reduce stock transaction tax

The Philippine Stock Exchange is set to implement a lower stock transaction tax starting July 1, following the signing of the Capital Markets Efficiency Promotion Act. This reduction is expected to enhance trading activity, potentially benefiting dividend investors.

  • The reduction in stock transaction tax will take effect on July 1.
  • The tax will decrease to one-tenth of 1% on stock transactions.
  • This change aims to promote capital market efficiency.
Read more: bworldonline
financials
AEV

AboitizPower's P100-B bond program approved

Aboitiz Power Corp. has received approval for a shelf registration of up to P100 billion in fixed-rate bonds, with the first tranche expected to net up to P29.64 billion. This funding will be used for refinancing existing debt, potentially impacting the company's future dividend capacity.

  • The SEC approved AboitizPower's bond program for up to P100 billion.
  • The first tranche will offer up to P20 billion with an oversubscription option.
  • Proceeds will be used for refinancing and early redemption of existing debt.
Read more: manilatimes
holding firms
BLOOM

Bloomberry appoints new president amid growth

Bloomberry Resorts Corp. has appointed Gregory Francis Hawkins as its new president, succeeding Thomas Arasi. The company reported a 26% increase in net income, which could indicate a positive outlook for future dividends.

  • New president appointed to lead Bloomberry Resorts.
  • Company reported a 26% increase in net income.
  • Positive financial performance may enhance dividend potential.
Read more: manilatimes
services

Peso drops back to $56:$1; PSEi up

Despite the peso weakening against the dollar, the Philippine Stock Exchange index rose, driven by expectations of a potential rate cut by the Bangko Sentral ng Pilipinas. This environment may create favorable conditions for dividend-paying stocks.

  • Peso weakened to P56.21 against the dollar.
  • PSEi rose amid expectations of a rate cut by the central bank.
  • Potential for increased liquidity could benefit dividend stocks.
Read more: manilatimes
financials
SM

Seven PH companies in Forbes' Global 2000

Seven Philippine companies, including SM Investments and BDO Unibank, have been listed in Forbes' Global 2000, highlighting their significant market presence. This recognition may enhance investor confidence and positively influence their dividend policies.

  • Seven Philippine firms ranked among the largest globally by Forbes.
  • SM Investments ranked highest at 811th, followed by BDO at 846th.
  • Recognition could boost investor confidence and dividend prospects.
Read more: gmanetwork
BDOholding firmsfinancials
PSE

Philippine Stock Exchange to reduce stock transaction tax

The Philippine Stock Exchange is set to implement a lower stock transaction tax starting July 1, following the signing of the Capital Markets Efficiency Promotion Act. This reduction could enhance trading activity and potentially benefit dividend investors by increasing market liquidity.

  • Reduction in stock transaction tax effective July 1.
  • Expected to promote trading activity in the stock market.
  • Part of the Capital Markets Efficiency Promotion Act.
Read more: bworldonline
financials
AEV

AboitizPower's P100-B bond program approved

Aboitiz Power Corp. has received approval for a shelf registration of up to P100 billion in fixed-rate bonds, with the first tranche expected to net up to P29.64 billion. This funding will be utilized for refinancing existing debts, which could impact the company's financial stability and future dividend potential.

  • Approval for P100 billion bond program to refinance existing debt.
  • First tranche offers up to P20 billion with an oversubscription option.
  • Expected to net up to P29.64 billion from the bond offer.
Read more: manilatimes
holding firms
SPC

SPC Power eyes acquisitions, solar projects to reach 500-MW goal

SPC Power Corp. plans to acquire and develop new projects to achieve a target of 500 megawatts of new capacity by 2029. This growth strategy may enhance the company's revenue potential and, consequently, its ability to provide dividends to shareholders.

  • SPC Power aims for 500 MW of new capacity by 2029.
  • Plans to acquire and develop new projects.
  • Growth strategy may enhance revenue potential for dividends.
Read more: bworldonline
industrial

Reduction in stock tax starts July

The Philippine Stock Exchange will implement a lower stock transaction tax starting July 1, following the signing of the Capital Markets Efficiency Promotion Act. This reduction is expected to encourage trading activity, potentially benefiting dividend investors through increased market liquidity.

  • Lower stock transaction tax effective July 1.
  • Expected to encourage trading activity.
  • Increased market liquidity may benefit dividend investors.
Read more: bworldonline

Peso drops back to $56:$1; PSEi up

The peso weakened against the dollar, closing at P56.21, while the Philippine Stock Exchange index (PSEi) saw a slight increase. The currency fluctuations and market movements are critical for dividend investors as they can influence foreign investment and overall market sentiment.

  • Peso closed at P56.21 against the dollar.
  • PSEi increased by 0.22 percent.
  • Currency fluctuations can impact foreign investment and market sentiment.
Read more: manilatimes
SM

Seven PH companies in Forbes' Global 2000

Seven Philippine companies, including SM Investments and BDO Unibank, have been recognized in Forbes' Global 2000 list, highlighting their strong financial performance. This recognition may enhance investor confidence and positively impact shareholder returns.

  • SM Investments ranked highest at 811th on Forbes' Global 2000 list.
  • BDO Unibank followed at 846th, showcasing strong asset and profit figures.
  • Recognition may boost investor confidence and shareholder returns.
Read more: manilatimes
BDOholding firmsfinancials
AEV

AboitizPower's P100-B bond program approved

Aboitiz Power Corp. has received approval from the SEC for a shelf registration of up to P100 billion in fixed-rate bonds, with the first tranche expected to net up to P29.64 billion. This move is significant for dividend investors as it indicates the company's efforts to refinance existing debt, potentially stabilizing future cash flows for dividends.

  • SEC approved AboitizPower's bond program for up to P100 billion.
  • First tranche could net up to P29.64 billion.
  • Proceeds will be used for refinancing existing debt.
Read more: manilatimes
holding firms

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