Philippine stocks tumbled on Wednesday, with the benchmark Philippine Stock Exchange Index breaking below the key 6,000 level amid heavy foreign outflows.
CEBU CITY—The developer of the controversial upscale highland subdivision Monterrazas de Cebu has assured the City Council that it has built 24 detention ponds which exceeded the regulatory requirement by 240 percent.
Globe Telecom has secured a P5 billion term loan from BDO Unibank as the telco steps up investments in network capacity while refinancing existing debt.
Signify Philippines is positioning circularity as a key business strategy as organizations face growing sustainability pressures, stricter reporting requirements, and increasing resource constraints.
Tycoon Andrew Tan-backed Emperador Inc. is dialing back capital spending this year after completing a series of major expansion and sustainability projects across its global whisky and brandy operations.
Vivant Energy Corp. is strengthening its renewable energy portfolio by expanding its presence in the country's wind power sector, supporting the Philippines' energy transition and long-term energy security goals.
The Securities and Exchange Commission is opening a new front in its capital markets reform agenda, proposing changes that would make it easier for companies to tap the public bond market.