Crown Asia Chemicals Raises US$5 Million in Philippine IPO

MANILA, PHILIPPINES - Crown Asia Chemicals Corporation, a plastic compounds and pipe producers, was able to raise Php222.8 million (USD5 million) from its initial...

Aboitiz Power to Build Hydro Plant in Magat

PHILIPPINES – SN Aboitiz Power-Magat Inc (SNAP-Magat) is building an 8.5-megawatt hydroelectric power plant along the Maris Main (South) canal, Aboitiz Power Corporation (PSE:AP)...

Philippine Bank Lending Slows in March – BSP

MANILA, PHILIPPINES – Bank lending in the Philippines slowed down in March from a month ago, posting a growth of just 13.7 percent from...
Overseas Remittances

Philippine International Reserves Up USD80.8 Billion in April

MANILA, PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, said preliminary data showed that the country's gross international...

Sta. Lucia Land (PSE:SLI) Receives ‘AA+’ Issuer Rating, Stable Outlook

PHILIPPINES - Sta. Lucia Land, Inc. (PSE:SLI), one of the prime real estate developers in the Philippines, received an "AA+" issuer rating, with a...

PLDT’s Q3 Net Income Drops 5 Percent On-Year

Philippine Long Distance Telephone Company (“PLDT”) (PSE:TEL) (NYSE:PHI) today announced its unaudited financial and operating results for the first nine months of 2015 with...

Philippine Government Orders Probe on Cebu Hotel Overpricing As APEC Meetings Near

CEBU CITY - The Philippine Government has ordered the Department of Tourism (DOT) to investigate reports that some hotels in Cebu have increased their...
Philippine Stocks

Philippine Stock Exchange Sets 4th PSE Bell Awards

The Philippine Stock Exchange, Inc. (PSE) is set to give recognition to listed companies and trading participants that serve as benchmarks for good corporate...

Philippine Banks Banned From Sending Unsolicited Advertisements Through SMS

MANILA, PHILIPPINES – The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), issued an advisory to the public to inform them of...

4th Asia Pacific Real Estate Investment Summit Philippines To Tackle ASEAN Integration

MANILA - The 4th Asia Pacific Real Estate Investment Summit Philippines will take place on 22 October at the Solaire Resort & Casino in...

Biscuit Manufacturer ‘Knocks Out’ Manny Pacquiao In Philippine Taxpayers’ List

A homegrown biscuit manufacturer has "knocked out" Manny Pacquiao to steal the championship belt as the top taxpayer in the Philippines, according to the...

Philippine Central Bank Issues Advisory on Authority of Credit Card Collection Agents

MANILA, PHILIPPINES - The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), has issued an advisory to inform the public on the...

Regulator Sets New Policy For Philippine Banks That Want To Sell Insurance

MANILA, PHILIPPINES - The Insurance Commission (IC) of the Philippines now requires banks that intend to sell insurance products to first secure bancassurance agreement...

Megaworld (PSE:MEG), Travellers Build Php65-Billion Westside City Near Manila Bay

MANILA, Philippines – Megaworld (PSE:MEG), the country’s leading developer of integrated urban townships, and Travellers International Hotel Group, Inc., the developer and operator of...

DMCI Power Mulling Renewable Energy Entry

PHILIPPINES - Off-grid electricity supplier DMCI Power Corporation (DPC) is looking to expand its energy portfolio to include renewable energy (RE), DMCI Holdings Inc...
Philippine Stock Exchange

Philippine Stocks Recover Ahead of APEC Meetings in Manila

After several sessions of ending in the red, Philippine stock gathered momentum on Tuesday, as heads of states started arriving in Manila for the...

Sarah Geronimo Launches New Mobile Game ‘Sarah G Popsters’

MANILA – Philippine Popstar Princess Sarah Geronimo now has a new way of connecting with her fans—“Sarah G Popsters,” her first mobile game. The game...

Philippine Regulator Lifts Suspension of Seair, Skyjet

MANILA, PHILIPPINES - Less than a month after their suspension, SkyJet and Seair have been allowed to fly again following an inspection conducted by...

Roxas Holdings Announces Senior Appointments

PHILIPPINES - Sugar group Roxas Holdings, Inc. (RHI; PSE:ROX) is taking on a new direction with the appointments of two key officers. RHI Chairman and...

East West Bank’s Php500 Million Investment in Ageas Insurance JV Gets BSP Approval

PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP), the country's central bank, has approved the initial equity investment of East West Banking Corporation (PSE:EW)...