Philippine Stock Exchange president Ramon Monzon said that the planned Global Philippine Depositary Receipts framework is designed to expand Filipino investors’ access to international equities while giving issuers a more flexible way to bring securities to the local market.
The Philippines has adopted an updated public financial management roadmap backed by the Asian Development Bank (ADB), marking a key step in the government's effort to improve how public funds are budgeted, spent and monitored to deliver better services.
Sweden's development finance institution Swedfund has committed $15 million to Navegar Fund III, providing fresh capital for Philippine mid-sized companies looking to expand operations, improve governance and create quality jobs.
MVP-led Meralco unit MSpectrum Inc. has partnered with Japan's Tokyo Century Corp. (TC) and JFE Engineering Corp. (JFEE) to expand solar rooftop and ground-mounted projects for industrial facilities in the Philippines.
Conglomerate SM Investments Corp. remained the Philippines’ highest-ranked company in the latest Forbes Global 2000 list, leading a group of seven local firms included in the annual ranking of the world’s largest public companies.
PhilWeb Corp. has overtaken tycoon Enrique Razon Jr.’s Bloomberry Resorts Corp. in market value following a P2 billion investment from billionaire Lance Gokongwei.
Tycoon Manuel V. Pangilinan-led PLDT is targeting an October listing for VITRO REIT, offering investors a stake in the country’s largest data center platform amid booming demand for cloud computing and artificial intelligence (AI).
PLDT Home has partnered with GCash to make Fiber Prepaid reloads more convenient and rewarding, giving Filipino households easier access to reliable home internet through the GCash GLoad platform.
A brewing controversy over a proposed P1-billion renovation of the club’s tennis facilities has exposed growing tensions between the club’s current officers and members who believe the project is being pushed through without adequate consultation—and possibly without the approval required for a capital expenditure of such magnitude.