Latest Market News

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

ACEN

ACEN to invest P34.52 billion in 247-MW Tayabas, Quezon wind project

ACEN Corp. plans to invest P34.52 billion in a new wind power project in Tayabas, Quezon, which will enhance its renewable energy portfolio. This investment reflects the company's commitment to sustainable energy and could positively influence its long-term profitability and dividend capacity.

  • The project will have a capacity of 247 megawatts.
  • It is expected to take several years to become operational.
  • The investment aligns with ACEN's strategy to expand its renewable energy footprint.
Read more: manilatimes,business
industrial

BSP likely to cut rates again in Q1 2026 to boost Philippine economy

The Bangko Sentral ng Pilipinas is expected to continue its easing cycle with a potential rate cut in early 2026, which could stimulate economic growth and impact investor sentiment. Lower interest rates may enhance borrowing conditions for companies, potentially affecting dividend payouts.

  • A quarter-point rate cut is anticipated in Q1 2026.
  • This follows previous cuts aimed at controlling inflation.
  • Lower rates could encourage investment and consumer spending.
Read more: manilatimes
financials

First Gen unit, Indonesian firm to form joint venture

First Gen Corp. has entered into a joint venture with an Indonesian firm to develop geothermal resources with a total capacity of approximately 440 megawatts. This partnership aims to enhance renewable energy production in Indonesia, potentially impacting First Gen's growth and revenue.

  • The joint venture focuses on geothermal energy development.
  • It aligns with Indonesia's strategy to accelerate renewable energy transition.
  • First Gen's expertise in geothermal energy will be shared with the Indonesian partner.
Read more: bworldonline,manilatimes
mining and oil

Cityland Development to absorb City & Land Developers in streamlining move

Cityland Development Corp. plans to merge with its subsidiary City & Land Developers Inc. to streamline operations and enhance shareholder value. This internal restructuring is expected to eliminate redundancies and improve capital efficiency.

  • The merger aims to simplify the corporate structure.
  • Cityland will take over all ongoing projects and obligations of City & Land.
  • The merger requires shareholder and regulatory approvals.
Read more: bworldonline,manilatimes
property

8990 Holdings stockholders approve voluntary delisting

8990 Holdings Inc. has received shareholder approval for its voluntary delisting from the Philippine Stock Exchange, a move that may impact its stock liquidity and investor returns. The delisting is part of a strategy to unlock the intrinsic value of the company, which has been underappreciated in the market.

  • Shareholders approved the voluntary delisting during the annual meeting.
  • The delisting plan aims to take the company private.
  • 8990 Holdings will conduct a tender offer for outstanding shares.
Read more: bworldonline,business
holding firms
DD

DoubleDragon readies P10.9-B bond issue as BSP rate decision approaches

DoubleDragon Corp. is preparing to launch a bond offer of up to P10.9 billion, coinciding with the Bangko Sentral ng Pilipinas' upcoming interest rate decision. This move is aimed at strengthening the company's financial position.

  • The bond issuance is expected to raise up to P10.9 billion.
  • This initiative aligns with the anticipated interest rate reduction by the BSP.
  • The bond offer reflects DoubleDragon's strategy for financial growth.
Read more: bworldonline,manilatimes
holding firms
MER

ERC grants interim relief for Meralco-GNPower supply deal

The Energy Regulatory Commission has granted interim relief for the power supply agreement between Manila Electric Company and GNPower Dinginin Ltd. Co., covering 100 megawatts starting August 26, 2025. This approval is crucial for ensuring the stability of power supply.

  • The interim relief covers a 15-year power supply deal.
  • This agreement is vital for maintaining energy supply stability.
  • The approval reflects regulatory support for energy infrastructure.
Read more: gmanetwork,manilatimes
services

SM Investments signals wider renewable energy push

SM Investments Corp. is expanding its renewable energy portfolio with new geothermal projects and potential wind energy ventures. This initiative aligns with the company's commitment to sustainability and energy transition.

  • SMIC's energy arm is focused on expanding geothermal initiatives.
  • The company is exploring potential ventures in wind energy.
  • This move reflects SMIC's commitment to renewable energy and sustainability.
Read more: manilatimes,bworldonline
holding firms
CPG

PHirst Park Homes enters Mindanao with P5.3-B GenSan township project

PHirst Park Homes is launching a P5.3-billion township project in General Santos City, marking its entry into Mindanao. This development is expected to support the city's growth and generate significant sales.

  • The project spans 25 hectares and aims to provide affordable housing.
  • Sales from the project are projected at P5.3 billion.
  • This expansion reflects PHirst's commitment to empowering Filipino families.
Read more: manilatimes,bworldonline
property
FNI

Global Ferronickel asserts stability despite chairman's arrest

Global Ferronickel Holdings Inc. reassured shareholders that operations remain stable following the arrest of Chairman Joseph Sy, who faces allegations regarding his citizenship. The company is prepared to implement corporate actions to safeguard its leadership and operations amidst the situation.

  • Global Ferronickel shares fell 12.14% following the chairman's arrest.
  • The company maintains that its operations are unaffected.
  • It is prepared to divest shares if necessary to comply with nationality requirements.
Read more: manilatimes,bworldonline
mining and oil
MER

Meralco secures interim relief for power supply deal

The Energy Regulatory Commission has granted interim relief for the 15-year power supply agreement between Manila Electric Company and GNPower Dinginin Ltd. Co., enhancing the stability of energy supply for consumers.

  • The deal covers 100 megawatts starting August 26, 2025.
  • This agreement is crucial for maintaining energy reliability.
  • Meralco continues to expand its energy supply partnerships.
Read more: gmanetwork
services

SM Investments expands renewable energy initiatives

SM Investments Corp. is ramping up its renewable energy efforts, focusing on geothermal and wind energy projects. This expansion aligns with the company's commitment to sustainability and reducing its carbon footprint.

  • SMIC is exploring new growth streams in the wind sector.
  • The company is already involved in geothermal energy projects.
  • This initiative reflects a broader trend towards sustainability in the corporate sector.
Read more: business
holding firms
DD

DoubleDragon prepares P10.9 billion bond issuance

DoubleDragon Corp. is set to launch a bond offer of up to P10.9 billion, coinciding with the anticipated interest rate decision from the Bangko Sentral ng Pilipinas. This issuance is expected to enhance the company's financial flexibility.

  • The bond issuance is aimed at boosting capital for ongoing projects.
  • Philippine Rating Services Corp. has assigned a high credit rating to the bond.
  • The timing aligns with expected interest rate reductions.
Read more: bworldonline
property
FNI

Global Ferronickel assures stability amid chairman's arrest

Global Ferronickel Holdings Inc. has confirmed that its operations remain stable despite the arrest of Chairman Joseph Sy over citizenship allegations. The company is prepared to implement contingency plans to ensure business continuity.

  • The arrest has not affected the company's operations.
  • Global Ferronickel is committed to regulatory compliance and corporate governance.
  • The company's shares fell 12.14% amid investor concerns.
Read more: bworldonline
mining and oil
CPG

Century Properties Group expands into Mindanao with PHirst Park Homes

Century Properties Group Inc. is launching a P5.3 billion residential project in General Santos City, marking its entry into the Mindanao market. This expansion is expected to generate significant sales and enhance access to quality homes for Filipino families.

  • The project covers 25 hectares and aims to support the city's growth.
  • Prices for units range from P1.8 million to P2.8 million.
  • The development includes amenities designed for community recreation.
Read more: bworldonline
property
MONDE

Monde Nissin trims 2025 capex to P4B, revises APAC food and beverage budget

Monde Nissin Corp. has reduced its 2025 capital expenditure budget to P4 billion, reflecting adjustments in its Asia-Pacific food and beverage segment. This move indicates a strategic focus on operational efficiency amid market challenges.

  • Capex for the APAC food and beverage segment cut from P6.6 billion to P3 billion.
  • Monde Nissin reported a 7.2% decline in core net income for H1 2025.
  • The company aims to open a new plant by next year.
Read more: manilatimes
industrial
JFC

Jollibee confident in maintaining strong second-half earnings amid rising costs

Jollibee Foods Corp. maintains its earnings guidance for the year, expecting strong performance in the second half despite rising costs and inflationary pressures. The company is implementing strategies to enhance sales and operational efficiency.

  • Jollibee's net income attributable to equity holders increased by 5.6% in Q2.
  • Consolidated revenues rose 15.5% to P77.63 billion.
  • The company is focusing on a turnaround strategy in its international markets.
Read more: manilatimes
services

NLEX Corp. sees 31% rise in H1 net income, thanks to higher toll revenues

NLEX Corp. reported a 31% increase in net income for the first half of 2025, driven by higher traffic volumes and toll rate adjustments. This growth reflects the company's strong operational performance and increased demand for expressway services.

  • Net income rose to P7.3 billion from P5.5 billion year-on-year.
  • Toll revenues climbed to P14.6 billion, up 19% compared to the previous year.
  • Average daily traffic on NLEX reached 356,392 vehicles.
Read more: manilatimes
MER

ERC grants interim relief for Meralco-GNPower supply deal

The Energy Regulatory Commission has approved a power supply agreement between Manila Electric Company and GNPower Dinginin Ltd. Co., allowing for 100 megawatts of supply starting August 26, 2025. This agreement is crucial for maintaining stable electricity supply in Luzon.

  • The agreement covers 100 megawatts of power supply.
  • The ERC's approval is part of a larger 600-MW baseload requirement for Meralco.
  • The deal is expected to help stabilize electricity supply in Luzon.
Read more: gmanetwork
FGEN
BPI

BSP likely to cut rates again amid low inflation, slow GDP growth – Analysts

Analysts predict that the Bangko Sentral ng Pilipinas will implement another 25-basis point rate cut due to cooling inflation and subdued economic growth, which could positively impact borrowing costs for companies. This potential easing of monetary policy may enhance investment opportunities in the Philippine market.

  • Cooling inflation at 0.9% in July, the lowest since 2019.
  • GDP growth at 5.5% for Q2 2025, hitting the lower end of government targets.
  • Analysts expect two more rate cuts this year to support economic growth.
Read more: manilatimes
BDOfinancials

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