Latest Market News

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

Global stocks mostly lower as tariff fears rattle markets

Global stock markets experienced declines amid fears of impending US tariffs, which have raised concerns about inflation and potential recession. The uncertainty has led to increased volatility in financial markets, impacting investor sentiment.

  • Global stock markets largely slipped due to tariff fears.
  • US tariffs are expected to impact inflation and economic stability.
  • The CBOE Volatility Index spiked, indicating increased market anxiety.
Read more: manilatimes
financials
MWC

Manila Water moves forward with P95-B capex through 2027

Manila Water Co., Inc. is advancing its P95-billion capital expenditure program for water and wastewater projects, set to run until 2027. This substantial investment aims to enhance service delivery and infrastructure development in the East Zone.

  • Manila Water's capex program is worth P95 billion.
  • The program will run until 2027.
  • Investments will focus on water and wastewater infrastructure.
Read more: bworldonline
services
APC

Aboitiz Power Corp. announces annual stockholders' meeting

Aboitiz Power Corp. has scheduled its annual stockholders' meeting for April 24, 2025, providing shareholders with an opportunity to discuss company performance and future strategies. This meeting is crucial for investors to assess the company's direction and dividend policies.

  • Aboitiz Power's annual stockholders' meeting is on April 24, 2025.
  • The meeting will address company performance and future strategies.
  • Shareholders will have the opportunity to discuss dividend policies.
Read more: manilatimes
holding firms
FDC

FDC boosts 2025 capex by 20% to P24 Billion

Filinvest Development Corp. (FDC) has increased its capital expenditure budget for 2025 to P24 billion, a 20% increase from the previous year, to drive growth across its business segments. This investment is aimed at enhancing operational capabilities and expanding its market presence.

  • FDC's 2025 capex budget is P24 billion.
  • This represents a 20% increase from 2024.
  • The investment will support growth across various business segments.
Read more: bworldonline
holding firms

PPA to remit P5.2B in dividends

The Philippine Ports Authority (PPA) will remit P5.20 billion in dividends to the national treasury for 2024, marking a 54% contribution of its net earnings. This remittance exceeds previous contributions and reflects PPA's strong financial performance.

  • PPA's dividend remittance for 2024 is P5.20 billion.
  • This amount represents 54% of PPA's net earnings.
  • PPA's revenue increased by 8.61% in 2024.
Read more: manilatimes
services

Philippine Tycoons Featured in Forbes' World's Richest List

Fifteen Philippine tycoons, including Manuel Villar, made it to Forbes' World's Richest People list, indicating the growing wealth concentration which can influence market dynamics and investor sentiment.

  • Manuel Villar tops the list with an estimated net worth of $17.2 billion.
  • The list reflects the economic landscape and wealth distribution in the Philippines.
  • Potential implications for investment and corporate governance.
Read more: business

Philippine Economic Growth Supported by Increased Foreign Investments

The Philippine economy is expected to benefit from increased foreign investments, particularly from China, which could enhance market conditions and positively impact corporate earnings and dividends.

  • China's foreign investment policies aim to attract more businesses.
  • Potential for increased economic collaboration with the Philippines.
  • Foreign investments are crucial for local market growth.
Read more: manilatimes
APC

Aboitiz Power Corp. and Meralco Experience Operational Challenges

Aboitiz Power Corp. faced operational challenges with the shutdown of natural gas plants, impacting its generation capacity, which could affect future dividend payouts and investor confidence.

  • Shutdown of two natural gas plants due to technical issues.
  • Operational adjustments needed to maintain service reliability.
  • Potential implications for future earnings and dividends.
Read more: manilatimes

Philippine Ports Authority to Remit Record Dividends

The Philippine Ports Authority announced it will remit P5.2 billion in dividends for 2024, exceeding previous contributions and reflecting strong financial performance, which is significant for government-owned corporations and their impact on national revenue.

  • Dividends increased from P5.06 billion in 2023.
  • Represents 54% of net earnings for the year.
  • Total revenue rose to P27.64 billion.
Read more: manilatimes
CREIT

Citicore Energy REIT Declares Increased Dividend Amid Stable Earnings

Citicore Energy REIT Corp. reported a 2% rise in net income for 2024 and declared a dividend of 20.2 centavos per share, slightly up from last year's 19.9 centavos, reflecting its stable performance and commitment to shareholder returns.

  • Net income rose to P1.43 billion in 2024.
  • Dividend increased to 20.2 centavos per share.
  • Company maintains 100% occupancy across its properties.
Read more: manilatimes,bworldonline

DMCI Homes Reports 31% Decline in Net Income Due to Weak Sales

DMCI Homes' net income fell to P2.8 billion in 2024, impacted by weak sales and fewer project launches, raising concerns about future dividend payouts.

  • Net income decreased by 31% from the previous year.
  • Core net income dropped 35% to P2.5 billion excluding one-time gains.
  • The company faces challenges in maintaining shareholder returns.
Read more: bworldonline
property

Philippine Inflation Expected to Decline, Potential Rate Cuts Ahead

Economists predict a drop in inflation to around 2.0% in March, which could lead the Bangko Sentral ng Pilipinas to consider interest rate cuts to stimulate economic growth.

  • Inflation is projected to fall to a five-month low of 2.0%.
  • A potential 25 basis point rate cut is anticipated in April.
  • Lower inflation could enhance consumer spending and investment.
Read more: manilatimes
financials
GTCAP

GT Capital Eyes New Investments Amid Economic Challenges

GT Capital Holdings is exploring new investment opportunities with a budget of $100 million to $200 million, focusing on sectors like healthcare and real estate.

  • Consolidated net income for 2024 was P28.8 billion, down 1.7%.
  • Core net income rose 11% year-on-year, driven by banking and automotive sectors.
  • The company is optimistic about the Philippine market despite global volatility.
Read more: manilatimes
holding firms
MONDE

Monde Nissin Allocates P7.5B for Expansion Amid Strong Revenue Growth

Monde Nissin Corp. plans to invest P7.5 billion in capital expenditures this year to expand its branded food and beverage segment, reflecting a strong revenue growth of 28.6% in 2024.

  • Core net income rose to P9.8 billion in 2024.
  • The company is building a new plant to enhance production capacity.
  • Revenue from the APAC BFB business grew by 8% year-on-year.
Read more: manilatimes
CREIT

Citicore Energy REIT Declares Dividend Increase Amid Stable Earnings

Citicore Energy REIT Corp. reported a 2% increase in net income for 2024 and declared a dividend of 20.2 centavos per share, reflecting its commitment to providing consistent returns to shareholders.

  • Net income rose to P1.43 billion in 2024.
  • Dividend declared is 20.2 centavos per share, up from 19.9 centavos.
  • The REIT operates in a crisis-proof industry with 100% occupancy.
Read more: manilatimes,bworldonline

Meralco Prepares for Increased Demand Amid Dry Season

Meralco is ramping up maintenance activities and contingency measures to meet anticipated higher demand during the dry season and upcoming midterm elections.

  • Meralco is coordinating with the Department of Energy for readiness.
  • Increased demand is expected during the dry season.
  • The company is focused on ensuring stable electricity supply.
Read more: bworldonline
services

Philippine Inflation Expected to Fall, Potentially Influencing BSP Rate Cuts

Economists predict a decline in inflation to around 2.0% in March, which may prompt the Bangko Sentral ng Pilipinas to consider interest rate cuts, impacting overall economic conditions.

  • Inflation is projected to fall to a five-month low of 2.0%.
  • A potential BSP rate cut could occur as early as April 10.
  • Lower inflation may support consumer spending and investment.
Read more: manilatimes
financials
GTCAP

GT Capital Explores New Investment Opportunities Amid Economic Growth

GT Capital Holdings is looking to invest between $100 million and $200 million in new ventures, focusing on sectors like healthcare and real estate as it anticipates continued economic growth.

  • Consolidated net income for 2024 was P28.8 billion.
  • Core net income rose 11% year-on-year, excluding non-recurring gains.
  • The company is exploring underpenetrated sectors for investment.
Read more: manilatimes
holding firms
MONDE

Monde Nissin Allocates P7.5B for Expansion Amid Strong Growth

Monde Nissin Corp. plans to invest P7.5 billion in capital expenditures to expand its operations, anticipating continued growth in its branded food and beverage segment.

  • Core net income rose by 28.6% to P9.8 billion in 2024.
  • Expansion includes a new plant in Luzon for biscuit production.
  • Revenue from the APAC BFB business grew 8% year-on-year.
Read more: manilatimes
industrial
CREIT

Citicore Energy REIT Declares Increased Dividend Amid Stable Growth

Citicore Energy REIT Corp. reported a 2% rise in net income for 2024 and declared a dividend of 20.2 centavos per share, reflecting its stable performance and commitment to shareholder returns.

  • Net income rose to P1.43 billion in 2024.
  • Dividend increased from 19.9 centavos to 20.2 centavos per share.
  • The company maintains a 100% occupancy rate across its properties.
Read more: manilatimes
financials

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