Stay updated with the latest news about dividends, earnings, and corporate actions in the Philippine stock market.
EastWest Banking Corporation announced a record net income of P7.6 billion for 2024, a 25% increase attributed to strong consumer loan expansion. This growth reflects the bank's operational efficiency and customer-centric approach.
The Philippine peso strengthened against the dollar, closing at P57.915, while the stock market saw a decline amid global trade uncertainties. Investors are cautious as they navigate economic challenges and potential tariff impacts.
Saudi Aramco has signed an agreement to acquire a 25% equity stake in Unioil Petroleum Philippines, enhancing its retail network in the country. This strategic move aims to capitalize on the growing high-value fuels market in the Philippines.
The Development Bank of the Philippines (DBP) reported a net income of P7.1 billion for 2024, marking a 20% increase and its highest profit in ten years. This strong performance highlights the bank's growth and stability in the financial sector.
Tokyo Gas has completed the purchase of a 20% stake in First Gen's liquefied natural gas subsidiary, marking its first investment in an operational overseas LNG terminal project. This partnership aims to enhance energy security and stability in the Philippines.
Ayala Land Inc. reported a net income of P28.2 billion for 2024, a 15% increase from the previous year, and declared a cash dividend of P0.2888 per share for the first half of 2025. This reflects the company's strong financial performance and commitment to returning value to shareholders.
Monde Nissin Corp. anticipates a core net income growth of over 25% for 2024, driven by its Asia-Pacific branded food and beverage business. This positive outlook follows a significant turnaround from previous losses.
Bank of Commerce has successfully raised P18 billion from its dual-tranche fixed-rate peso bonds. This funding will enhance the bank's balance sheet and diversify its funding sources.
Filinvest Land, Inc. has received approval from the Securities and Exchange Commission to issue up to P12 billion in fixed-rate bonds. This funding will support its ongoing projects and expansion plans in the property sector.
MGEN Renewable Energy, Inc. has successfully energized a 19.8-megawatt solar power plant in Bongabon, Nueva Ecija, ahead of schedule. This facility is expected to supply clean energy to at least 20,000 households, supporting the Philippines' renewable energy goals.
Tokyo Gas Co., Ltd. has completed the acquisition of a 20% equity stake in FGEN LNG Corp., enhancing its partnership with First Gen Corp. This investment marks Tokyo Gas's entry into the Philippine market and supports the country's energy security initiatives.
Metro Pacific Investments Corp. expects double-digit profit growth for 2024, driven by its power business and subsidiaries. This positive outlook could enhance shareholder returns and future dividend potential.
ACEN has secured its first retail electricity supply deal, marking its entry into the contestable power market. This strategic move could enhance the company's revenue streams and support future dividend growth.
Bank of Commerce has successfully raised P18 billion from its peso bond offering, marking a significant achievement for the bank. The proceeds will be utilized for balance sheet management and could support future dividend distributions.
Filinvest Land, Inc. has received approval from the SEC to issue up to P12 billion in fixed-rate bonds, aimed at financing its growth initiatives. This bond offering could enhance the company's financial stability and support future dividend payouts.
Tokyo Gas Co. Ltd has completed the acquisition of a 20% stake in First Gen Corp's liquefied natural gas subsidiary, marking its entry into the Philippine market. This investment is expected to enhance energy security and stability in the region, which could positively impact First Gen's future dividend potential.
St. Luke's Medical Center and Converge ICT Solutions have introduced a digital concierge service in hospital rooms, enhancing patient care and potentially improving operational efficiency, which could lead to better financial performance and dividend capacity.
Basic Energy Corp. has partnered with Japan's Renova Inc. to develop the Mabini wind project, which is expected to enhance its renewable energy portfolio and potentially lead to future dividends. The project aims for a capacity of 50 megawatts.
Asia United Bank Corp. reported a 36% increase in net income to P11.3 billion for 2024, driven by significant loan growth, which may enhance its capacity to distribute dividends. The bank's strong performance reflects robust demand for its financial services.
The Philippine peso weakened to P58:$1, and the PSEi dropped below 6,000, reflecting ongoing concerns about US trade policies and local economic conditions. This decline may impact investor sentiment and dividend expectations in the market.
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