Latest Market News

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

ICT

ICTSI shares fall amid Middle East conflict

Shares of International Container Terminal Services, Inc. (ICTSI) declined last week as escalating tensions in the Middle East raised concerns among investors, overshadowing the company's record earnings for 2025.

  • ICTSI shares fell due to investor concerns over geopolitical tensions.
  • The company reported record earnings for 2025.
  • Market sentiment remains cautious amid external conflicts.
Read more: bworldonline

SN Aboitiz plans to boost battery storage capacity

SN Aboitiz Power Group is set to expand its battery energy storage system capacity to 160 MW through new projects. This move aligns with the company's strategy to enhance its renewable energy portfolio and meet growing energy demands.

  • SN Aboitiz plans to increase battery storage capacity to 160 MW.
  • The expansion is part of the company's renewable energy strategy.
  • New projects are currently under construction to support this growth.
Read more: bworldonline

Bearish sentiment persists on oil surge and geopolitical tensions

The Philippine stock market is experiencing continued bearish sentiment due to rising oil prices and geopolitical tensions in the Middle East, which are dampening investor confidence. Analysts suggest that the market may remain under pressure as uncertainties linger.

  • The PSEi fell 4.14% last week amid rising oil prices.
  • Geopolitical tensions are contributing to a negative market outlook.
  • Analysts expect the market to remain volatile in the near term.
Read more: manilatimes

Peso hits new record low amid Middle East tensions

The Philippine peso has reached a new all-time low, driven by strong dollar demand and rising oil prices due to the ongoing conflict in the Middle East. This depreciation adds pressure on inflation and impacts investor sentiment in the local market.

  • The peso fell to P59.735 against the dollar, a new record low.
  • The decline is attributed to geopolitical tensions and rising oil prices.
  • Investor sentiment remains cautious amid these economic challenges.
Read more: manilatimes
CEB

Cebu Pacific reviews fuel costs, routes amid rising oil prices

Cebu Pacific is assessing its jet fuel costs and network strategies in response to escalating global fuel prices, which could impact its operations despite a rise in passenger volume. The airline's proactive measures aim to cushion the financial effects of the ongoing Middle East crisis on its business.

  • Cebu Pacific is reviewing its fuel costs and routes due to rising oil prices.
  • The airline reported a growth in passenger volume despite the challenges.
  • Management is focused on minimizing the impact of external crises on operations.
Read more: bworldonline

Converge to deploy 1M network ports with P23-B capex

Converge ICT Solutions plans to roll out nearly a million additional network ports in 2026, backed by a P23-billion capital expenditure program aimed at expanding its fiber footprint nationwide.

  • Converge plans to deploy 1 million additional network ports.
  • The expansion is supported by a P23-billion capex program.
  • This initiative aims to enhance the company's fiber network.
Read more: business

Peso hits new record low amid geopolitical tensions

The Philippine peso reached a new all-time low as fears about the impact of the Middle East conflict mounted, contributing to a decline in the stock market. The currency's depreciation is expected to influence inflation and investor sentiment.

  • The peso fell to a record low of P59.735 against the dollar.
  • The decline is attributed to rising oil prices and geopolitical tensions.
  • Investor sentiment remains cautious amid ongoing conflicts.
Read more: manilatimes

ICTSI shares fall on Middle East conflict

Shares of International Container Terminal Services, Inc. (ICTSI) declined amid rising investor concerns due to escalating conflicts in the Middle East, overshadowing the company's record earnings for 2025.

  • ICTSI shares fell due to geopolitical tensions affecting investor sentiment.
  • The company reported record earnings for 2025.
  • Market reactions are influenced by global instability.
Read more: bworldonline

Aboitiz-backed SNAP eyes more green projects

SN Aboitiz Power is planning fresh investments in renewable energy, targeting participation in more green energy auctions. This move aligns with the company's commitment to expand its footprint in the sustainable energy sector.

  • SN Aboitiz Power is looking to invest in renewable energy projects.
  • The company aims to compete in upcoming green energy auctions.
  • This initiative supports the transition to sustainable energy solutions.
Read more: business
CEB

Cebu Pacific reviews fuel costs, routes amid rising oil prices

Cebu Pacific is reassessing its jet fuel costs and network strategies to mitigate the impact of rising global fuel prices while maintaining growth in passenger volume. The airline remains cautious about the ongoing crisis and uncertainty in the Middle East, which could affect its operations.

  • Cebu Pacific is reviewing its strategies due to rising fuel costs.
  • The airline has seen growth in passenger volume despite challenges.
  • Ongoing geopolitical tensions may impact future operations.
Read more: bworldonline

ICTSI Completes First Phase of South Luzon Container Terminal by 2028

International Container Terminal Services Inc. (ICTSI) announced the completion of the first phase of the South Luzon Container Terminal, which is expected to boost trade and logistics in the region. This development is anticipated to enhance operational capacity and shareholder returns.

  • The terminal is set to be the Philippines' second-largest upon completion.
  • Construction is now in full swing, with a focus on advanced technology.
  • The project aims to support key industrial and energy projects in Southern Luzon.
Read more: manilatimes

Converge Plans Major Expansion in Visayas and Mindanao

Converge ICT Solutions Inc. is set to invest heavily in expanding its services in Visayas and Mindanao, aiming to increase its fiber ports significantly. This expansion is expected to enhance service delivery and shareholder value.

  • Converge plans to roll out nearly one million additional fiber ports this year.
  • The company is investing up to P23 billion for capital expenditures.
  • This expansion targets underserved areas to improve service accessibility.
Read more: manilatimes
BPI

BPI Targets 10,000 Agency Banking Locations, Enhancing Shareholder Returns

Bank of the Philippine Islands (BPI) plans to expand its agency banking locations to 10,000, primarily through partnerships with Robinsons Retail Holdings. This initiative is expected to improve accessibility and customer engagement, potentially boosting shareholder value.

  • BPI currently has about 8,000 agency banking locations.
  • The expansion is driven by partnerships with major retail brands.
  • This move aims to enhance customer accessibility and engagement.
Read more: bworldonline
AEV

Ayala Corp Reports 7% Core Profit Growth, Focuses on Shareholder Value

Ayala Corporation announced a 7% increase in core net income to P48.3 billion for 2025, driven by strong performances in banking and property sectors. The company aims to enhance shareholder returns despite market uncertainties.

  • Ayala's core net income reached P48.3 billion, up 7% year-on-year.
  • The company is focused on delivering sustainable value for shareholders.
  • Ayala Land's core net income also rose by 8% to P30.6 billion.
Read more: manilatimes
URC

URC Announces 5% Dividend Increase Amid Profit Decline

Universal Robina Corporation (URC) reported a 9% drop in net income for 2025 but declared a cash dividend of P2.10 per share, marking a 5% increase from the previous year. This decision reflects the company's commitment to returning value to shareholders despite challenges in the coffee segment.

  • URC's net income fell to P11.6 billion in 2025.
  • The company declared a cash dividend of P2.10 per share, up 5% from last year.
  • URC's sales rose 4% to P168 billion, driven by volume growth.
Read more: manilatimes
BPI

BPI Targets 10,000 Agency Banking Locations to Boost Service

Bank of the Philippine Islands (BPI) aims to expand its agency banking locations to 10,000, enhancing its service reach. This strategic move may lead to improved financial performance and potential dividends for shareholders.

  • BPI currently has about 8,000 agency banking locations.
  • The expansion is driven by partnerships with major retailers.
  • Increased agency locations could enhance customer service and revenue.
Read more: bworldonline
CNVRG

Converge Plans Expansion in Visayas and Mindanao Amid Growing Demand

Converge ICT Solutions Inc. is set to expand its services in Visayas and Mindanao, aiming to enhance connectivity for more Filipinos. This expansion could lead to increased revenues and potential dividends for shareholders in the future.

  • Converge plans to add over 100,000 fiber ports in Visayas and Mindanao.
  • The company is investing up to P23 billion for capital expenditures.
  • Nearly three million residential subscribers were reported in 2025.
Read more: manilatimes
DMW

DM Wenceslao Reports 5% Core Profit Growth, Focuses on Long-term Value

DM Wenceslao and Associates Inc. announced a 5% increase in core net income to P1.9 billion, supported by steady rental income and residential business growth. The company's strong financial position may enhance its ability to provide dividends in the future.

  • Core net income rose to P1.9 billion, a 5% increase from the previous year.
  • Recurring revenues accounted for 86% of total revenues.
  • The company maintains a strong balance sheet with a debt-to-equity ratio of 0.08.
Read more: manilatimes
AEV

Ayala Corp Reports Record Profit, Eyes Sustainable Value for Shareholders

Ayala Corp. reported a 7% increase in core net income to P48.3 billion, driven by strong performances in banking and property sectors, while maintaining a focus on sustainable shareholder value. The conglomerate's robust financial health may influence future dividend decisions positively.

  • Core net income rose to P48.3 billion, up 7% year-on-year.
  • Significant contributions from Bank of the Philippine Islands and Ayala Land.
  • Ayala Corp. aims to deliver sustainable value for shareholders despite market volatility.
Read more: manilatimes
URC

URC Announces 5% Dividend Increase Amid Profit Decline

Universal Robina Corp. (URC) has declared a cash dividend of P2.10 per share, a 5% increase from the previous year, despite a 9% drop in net income due to rising costs. This announcement is significant for dividend investors as it reflects the company's commitment to returning value to shareholders even in challenging economic conditions.

  • URC's cash dividend increased by 5% to P2.10 per share.
  • Net income dropped 9% to P11.6 billion, influenced by high coffee input costs.
  • The dividend is payable on May 7 to shareholders on record as of April 10.
Read more: manilatimes

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