Latest Market News

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

PHC

Philodrill Seeks New Contract for Petroleum Operations in Palawan

Philodrill Corp. is pursuing a new government contract to continue its petroleum operations in Palawan following the expiration of its existing service contract. Securing this contract is crucial for maintaining production levels and supporting shareholder returns.

  • Philodrill seeks a new contract for petroleum operations in Palawan.
  • The existing service contract has expired.
  • This contract is vital for maintaining production and shareholder returns.
Read more: bworldonline
mining and oil
BPI

BPI to Merge Thrift Subsidiaries BanKo and Legazpi Savings Bank

Bank of the Philippine Islands (BPI) plans to merge its thrift bank subsidiaries BanKo and Legazpi Savings Bank to streamline operations and enhance efficiency. This consolidation may lead to improved financial performance and shareholder value.

  • BPI plans to merge its thrift bank subsidiaries BanKo and Legazpi Savings Bank.
  • The merger aims to streamline operations and enhance efficiency.
  • This consolidation is expected to improve financial performance.
Read more: bworldonline
financials
CLI

SEC Approves CLI Rental Pool Program for 443 Units

Cebu Landmasters, Inc. has received SEC approval for its rental pool program, allowing the sale of units as investment contracts while retaining ownership. This initiative is expected to attract investors and enhance the company's revenue streams.

  • SEC approved CLI's rental pool program for 443 units.
  • Units will be sold as investment contracts while CLI retains ownership.
  • This move aims to attract more investors and boost revenue.
Read more: bworldonline
property
MREIT

MREIT to Acquire P16.22-B Office Towers in Taguig

MREIT, Inc. plans to acquire nine Grade A office buildings in Taguig City valued at P16.22 billion through a property-for-share swap, aimed at expanding its income-generating asset base. This acquisition is expected to enhance MREIT's portfolio and potentially increase shareholder returns.

  • MREIT is set to acquire P16.22 billion worth of office buildings.
  • The acquisition will be executed via a property-for-share swap.
  • This move is expected to expand MREIT's income-generating assets.
Read more: bworldonline
property
DD

DoubleDragon Aims for P12B Annual Cash Dividends by 2035

DoubleDragon Corporation plans to generate annual cash dividends exceeding P12 billion by 2035 as part of its growth strategy, which includes expanding its hospitality arm and becoming debt-free. This ambitious target highlights the company's commitment to enhancing shareholder returns in the long term.

  • DoubleDragon aims for P12 billion in annual cash dividends by 2035.
  • The company plans to expand its hospitality portfolio internationally.
  • It seeks to become a debt-free entity by the end of its growth plan.
Read more: manilatimes
UNHpropertyindustrial

Thunder Consortium secures P70B loan for CBK acquisition

The Thunder Consortium has secured bridge loan facilities of up to P70 billion to finance the acquisition of the Caliraya-Botocan-Kalayaan hydroelectric power plant complex, which is expected to enhance AboitizPower's renewable energy portfolio.

  • Loan commitments of P35 billion each from BDO and Metrobank.
  • Acquisition will strengthen AboitizPower's position in hydropower.
  • Transaction cleared by the Philippine Competition Commission.
Read more: manilatimes
industrial
PHR

PAGCOR revokes PH Resorts Mactan casino license

PH Resorts Group Holdings has had its casino license revoked by PAGCOR for a project in Cebu, impacting its operational plans. This regulatory action could affect the company's financial outlook and investor confidence.

  • Revocation affects the integrated resort and casino project in Mactan.
  • Partnership discussions with EEI Corporation are now unfeasible.
  • Company shares dropped following the announcement.
Read more: bworldonline
services
CLI

SEC clears CLI rental pool offer for 443 units

The Securities and Exchange Commission has approved Cebu Landmasters, Inc.'s rental pool program, allowing investors to participate in hotel projects while retaining ownership of their units. This move is expected to enhance investor returns through shared rental income.

  • Approval includes 180 certificates for CLI Premier Hotel and 263 for YHES Premier.
  • Investors will earn a share of rental income and complimentary stays.
  • Program aims to attract more investment in the hospitality sector.
Read more: bworldonline
property
BPI

BPI plans to merge thrift units BanKo, Legazpi Savings Bank

Bank of the Philippine Islands (BPI) has received board approval to merge its thrift bank subsidiaries, BanKo and Legazpi Savings Bank, aiming for improved operational efficiency and customer experience. The merger is expected to strengthen BPI's market presence.

  • The merger will create a stronger capital structure.
  • Expected to enhance service quality for clients.
  • Still subject to approval from respective boards and stockholders.
Read more: bworldonline
financials
MREIT

MREIT to acquire P16.22-B office towers in Taguig via share swap

MREIT, Inc. is set to expand its portfolio with the acquisition of nine Grade A office buildings in Taguig City through a property-for-share swap, enhancing its income-generating assets. This strategic move is expected to provide stable returns to shareholders.

  • Transaction valued at P16.22 billion.
  • Will increase MREIT's gross leasable area to 646,891 sqm.
  • Part of MREIT's goal to scale up with high-quality assets.
Read more: bworldonline
MEGproperty
PERC

PetroEnergy to boost stake in PetroWind to 90%

PetroEnergy Resources Corp. is set to increase its stake in PetroWind Energy Inc. to 90% by acquiring the remaining noncontrolling interest. This acquisition aligns with PetroEnergy's strategy to enhance its renewable energy portfolio and improve shareholder value.

  • Acquisition will increase PetroEnergy's stake to 90%.
  • Focus on consolidating renewable energy interests.
  • Transaction subject to regulatory approvals.
Read more: business
industrial
DD

DoubleDragon’s Hotel101 Madrid to open March 2026

DoubleDragon Corp. is set to open its first overseas Hotel101 property in Madrid, Spain, in March 2026, marking a significant milestone in its global expansion strategy. This development is expected to contribute to the company's long-term revenue growth and shareholder returns.

  • Hotel101 Madrid opening scheduled for March 2026.
  • First overseas property for DoubleDragon.
  • Part of the company's global expansion strategy.
Read more: business
MEGproperty
BPI

BPI plans to merge thrift units BanKo, Legazpi Savings Bank

Bank of the Philippine Islands is set to merge its thrift bank subsidiaries, BanKo and Legazpi Savings Bank, to create a stronger capital structure and enhance operational efficiency. This merger is expected to improve service quality and customer experience for the combined client base.

  • Merger aims to strengthen capital structure.
  • Expected to enhance operational efficiency.
  • Will improve service quality across combined client base.
Read more: bworldonline
financials
CLI

SEC clears CLI rental pool offer for 443 units

The Securities and Exchange Commission has approved Cebu Landmasters, Inc.'s rental pool program, allowing the sale of units as investment contracts while maintaining ownership of the properties. This approval is expected to enhance the company's revenue streams and provide investors with rental income opportunities.

  • SEC approved 180 rental pool agreements for CLI Premier Hotel International.
  • Investors will earn a share of rental income.
  • Units priced between P4.9 million and P6.8 million.
Read more: bworldonline
property
MREIT

MREIT to acquire P16.22-B office towers in Taguig via share swap

MREIT, INC. plans to expand its income-generating asset base by acquiring nine Grade A office buildings in Taguig City through a property-for-share swap transaction valued at P16.22 billion. This move is expected to enhance shareholder returns by increasing the company's gross leasable area significantly.

  • Transaction valued at P16.22 billion.
  • Acquisition includes nine Grade A office buildings.
  • Expected to increase MREIT's gross leasable area to 646,891 sqm.
Read more: bworldonline
MEGproperty
PHR

PAGCOR revokes PH Resorts Mactan casino license

PH Resorts Group Holdings has received notice from PAGCOR revoking its casino license for a project in Cebu, impacting its financial outlook. This regulatory action could affect investor confidence and future dividend potential.

  • Casino license revoked by PAGCOR.
  • Partnership discussions with EEI Corp. are no longer feasible.
  • Company shares dropped following the announcement.
Read more: bworldonline
services

Pag-IBIG to invest P10B in Megawide's 4PH project

Pag-IBIG Fund is investing P10 billion in Megawide Construction Corp. for its 4PH housing projects, aimed at addressing the housing backlog in the Philippines. This investment is expected to generate significant returns for Pag-IBIG members and support affordable housing initiatives.

  • Investment of P10 billion for housing projects.
  • Expected to support construction of at least 7,000 housing units.
  • Partnership aligns with government housing initiatives.
Read more: gmanetwork
property
BPI

BPI plans to merge thrift units BanKo, Legazpi Savings Bank

BPI has received board approval to merge its thrift bank subsidiaries, BanKo and Legazpi Savings Bank, aiming to create a stronger capital structure and improve operational efficiency. This merger is expected to enhance customer service and shareholder value.

  • Merger aims to strengthen capital structure.
  • Expected to improve customer experience.
  • Still subject to approval from respective boards.
Read more: bworldonline
financials
CLI

SEC clears CLI rental pool offer for 443 units

The SEC has approved Cebu Landmasters, Inc.’s rental pool program, allowing the sale of units as investment contracts while maintaining property ownership. This move enables investors to earn rental income, enhancing the company's appeal to potential shareholders.

  • Approval for 180 rental pool agreements.
  • Investors earn a share of rental income.
  • Units priced between P4.9 million and P6.8 million.
Read more: bworldonline
property
MREIT

MREIT to acquire P16.22-B office towers in Taguig via share swap

MREIT, Inc. is set to acquire nine Grade A office buildings in Taguig City through a property-for-share swap transaction valued at P16.22 billion, expanding its income-generating asset base. This acquisition is expected to enhance shareholder returns through increased rental income.

  • Transaction valued at P16.22 billion.
  • Expected to add 165,477 square meters of gross leasable area.
  • Includes properties occupied by multinational tenants.
Read more: bworldonline
property

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