Latest Market News

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

CLI

Cebu Landmasters Raises P5B from Sustainability Bonds

Cebu Landmasters has successfully raised P5 billion through sustainability-linked bonds, which may bolster its financial position and enhance future dividends. This move aligns with growing investor interest in sustainable development.

  • Cebu Landmasters raised P5 billion through sustainability-linked bonds.
  • The funds will support the company's sustainable development initiatives.
  • This financial boost could positively impact future dividend distributions.
Read more: gmanetwork
property
PHN

PHINMA Approves P250M Investment in Community Housing

PHINMA Corp.'s board has approved a P250 million investment in its community housing unit, aimed at funding capital expenditures and land acquisition. This strategic investment could enhance its revenue potential and shareholder returns.

  • PHINMA's investment focuses on community housing development.
  • The funding will support capital expenditures and land acquisition.
  • This move may improve revenue streams and dividends for shareholders.
Read more: bworldonline
holding firms
PSE

Philippine Stock Exchange Faces Technical Glitches

The Philippine Stock Exchange is urged to enhance its infrastructure following technical glitches that may undermine foreign investor confidence. Such issues could affect market stability and influence dividend payouts for listed companies.

  • Technical glitches at the PSE may deter foreign investment.
  • Analysts recommend investment in advanced infrastructure to restore confidence.
  • Market stability is crucial for maintaining dividend payouts.
Read more: bworldonline
financials
MEG

Megaworld to Invest P30B in Office Expansion

Megaworld Corp. plans to invest P30 billion over the next five years to expand its office portfolio, reflecting confidence in the Philippine office market's recovery. This investment could enhance its revenue streams and potential dividends for shareholders.

  • Megaworld's investment aims to expand its office portfolio across the Philippines.
  • The company anticipates growth in demand for office spaces from international firms.
  • This expansion may positively impact future shareholder returns.
Read more: bworldonline
property
JFC

Jollibee Foods Corp. Plans US Dollar Bond Issuance

Jollibee Foods Corp. is set to issue US dollar-denominated bonds to finance growth and reduce debt, a move that could impact its future dividend capacity. The company has appointed global banks to manage this offering, signaling its commitment to expansion despite market challenges.

  • JFC aims to raise funds for growth and debt reduction through a US dollar bond issuance.
  • The bond issuance is managed by J.P. Morgan and Morgan Stanley.
  • This financial maneuver may influence future dividend distributions.
Read more: bworldonline
services
ACEN

ACEN Invests P75M in Shared Services Unit

ACEN Corp. is investing P75 million in its shared services subsidiary to support ongoing and future projects, reflecting its commitment to growth in the renewable energy sector. This investment may enhance operational efficiency and shareholder value.

  • ACEN reported a 27% growth in net income to P9.36 billion in 2024.
  • The investment will fund the development of ACEN Technical Services Inc.
  • This move aligns with ACEN's strategy to expand its renewable energy capacity.
Read more: manilatimes
industrial
MER

Meralco Seeks New Partners for Nuclear Energy Projects

Manila Electric Co. (Meralco) is exploring partnerships for deploying small modular nuclear reactors in the Philippines, following a previous agreement that fell through. This initiative could diversify energy sources and potentially stabilize electricity costs for consumers.

  • Meralco's net income rose 21% to P45.86 billion in 2024.
  • The company is actively seeking new partners after a previous agreement with USNC collapsed.
  • Successful implementation of nuclear energy could enhance energy security in the Philippines.
Read more: manilatimes
industrial
CLI

Cebu Landmasters Raises P5B from Sustainability Bonds

Cebu Landmasters Inc. has successfully raised P5 billion through sustainability-linked bonds, which will likely support its ongoing projects and enhance its financial position. This could positively influence future dividend payouts.

  • The bond offering is aimed at financing sustainable projects.
  • Cebu Landmasters is focused on expanding its footprint in the VisMin region.
  • The successful bond issuance reflects investor confidence in the company's sustainability initiatives.
Read more: gmanetwork
property
MEG

Megaworld Allocates P30B for Office Expansion

Megaworld Corp. is set to invest P30 billion over the next five years to expand its office portfolio, anticipating demand from international firms. This investment could enhance its revenue streams and potentially lead to increased dividends for shareholders.

  • Megaworld aims to build new office developments across various regions.
  • The company expects international firms to drive demand amid a weak market.
  • This expansion is part of Megaworld's strategy to reinvent its existing office spaces.
Read more: gmanetwork
property
JFC

Jollibee to Tap Offshore Debt Market for Expansion

Jollibee Foods Corp. plans to raise funds through an offshore bond offering to support its expansion goals, including opening 700 to 800 new stores this year. This move may impact shareholder returns positively if the expansion leads to increased revenues.

  • Jollibee's net income rose 20.1% to P10.8 billion last year.
  • The company aims to expand its store network beyond 10,000 locations.
  • Proceeds from the bond offering will be used for general corporate purposes and refinancing existing borrowings.
Read more: business
services

PLDT, Smart aiming to activate 200 sites

PLDT Inc. and Smart Communications plan to activate around 200 telecommunications sites in 2025, focusing on remote areas to improve digital access for underserved communities. This initiative is part of their commitment to enhance connectivity in the Philippines.

  • PLDT and Smart to activate 200 new telco sites in 2025.
  • Focus on improving connectivity in geographically isolated areas.
  • Part of the Private Sector Advisory Council's digital infrastructure commitment.
Read more: manilatimes
services
BPI

Despite Fed pause, BSP still seen cutting

Metrobank Research anticipates that the Bangko Sentral ng Pilipinas will likely cut interest rates next month despite the US Federal Reserve's recent decision to pause. This move aims to support economic growth amid consistent inflation.

  • BSP expected to cut interest rates by 25 basis points next month.
  • The Fed's pause does not deter BSP's plans for rate cuts.
  • Inflation slowed to 2.1% in February, below BSP's forecast.
Read more: manilatimes
financials

Peso, stocks slide on renewed trade worries

The Philippine peso and stock market declined amid renewed trade concerns, with the peso closing at P57.33 against the dollar and the benchmark index down by 0.89%. Analysts suggest that economic uncertainties and profit-taking contributed to the market's downturn.

  • Peso weakened to P57.33 against the dollar.
  • Philippine Stock Exchange index dropped by 0.89%.
  • Market decline attributed to trade concerns and profit-taking.
Read more: manilatimes
financials
CLI

Cebu Landmasters sets P15-B capex for 2025

Cebu Landmasters, Inc. has allocated approximately P15 billion for capital expenditures in 2025, aiming to expand its portfolio. This capex is slightly higher than the previous year's allocation, reflecting the company's growth strategy.

  • CLI allocates P15 billion for capital expenditures in 2025.
  • Capex is slightly higher than last year's P14.5 billion.
  • The investment is aimed at expanding the company's portfolio.
Read more: bworldonline
property
MER

Meralco in talks with foreign firms for new nuclear energy partnership

Meralco is exploring partnerships with foreign firms for small modular reactor development after a previous collaboration with UltraSafe Nuclear Corp. fell through due to financial challenges. The company remains committed to advancing its energy projects despite setbacks.

  • Meralco seeks new partners for small modular reactor development.
  • Previous partnership with UltraSafe Nuclear Corp. did not progress.
  • Meralco continues to advance its energy projects.
Read more: bworldonline
services
DMC

D.M. Wenceslao declares cash dividend

D.M. Wenceslao Associates Inc. has declared a cash dividend of P0.095 per share, marking a 20% increase from last year, reflecting the company's strong leasing momentum. The total payout amounts to approximately P322.6 million, to be distributed on April 29 to shareholders on record as of April 11.

  • Cash dividend of P0.095 per share declared.
  • Total payout of about P322.6 million.
  • Dividend represents a 20% increase from last year.
Read more: manilatimes
holding firms
MER

Meralco seeking new microreactors partner

Meralco is actively searching for new partners to deploy small modular nuclear reactors in the Philippines after a previous agreement with Ultra Safe Nuclear Corp. fell through due to financial issues. The company's future plans depend on the successful passage of nuclear energy legislation.

  • Meralco is seeking partners for small modular nuclear reactors.
  • Previous partnership with Ultra Safe Nuclear Corp. fell through.
  • Future plans hinge on nuclear energy legislation.
Read more: manilatimes
services

Peso, stocks slide on renewed trade worries

The Philippine peso and stock market experienced declines amid renewed trade concerns and profit-taking by investors, with the peso closing at P57.33 against the dollar. The benchmark Philippine Stock Exchange index fell by 0.89%, reflecting broader economic uncertainties.

  • Peso closed at P57.33 against the dollar.
  • Philippine Stock Exchange index fell by 0.89%.
  • Investors engaged in profit-taking amid trade concerns.
Read more: manilatimes
financials
DMC

DMCI earmarks P70-B capex, over half set for Maynilad

DMCI Holdings, Inc. has increased its capital expenditure budget to P70 billion for 2025, a 45% increase from the previous year, with a significant portion allocated to its water business, Maynilad Water Services, Inc. This strategic investment aims to support expansion initiatives and enhance service delivery.

  • P70 billion capex budget for 2025.
  • 45% increase from P48.3 billion in 2024.
  • Majority of the budget allocated for Maynilad Water Services.
Read more: bworldonline
holding firms
AEV

AboitizPower sets P78-B capex for 2025, prioritizing renewables

Aboitiz Power Corp. has announced a capital expenditure plan of P78.1 billion for 2025, with 66% allocated to renewable energy projects, aiming to expand its clean energy capacity to 4,600 MW. This increase in capex from P73 billion reflects the company's commitment to sustainable energy development.

  • P78.1 billion capex planned for 2025.
  • 66% of the budget earmarked for renewable energy.
  • Goal to expand clean energy capacity to 4,600 MW.
Read more: bworldonline
holding firms

Get the latest news and updates.

Sign up for our newsletter.

No spam ever. Unsubscribe at anytime.