By Revin Mikhael D. Ochave, Reporter
\nPHILIPPINE companies are expected to integrate more sustainable financing into their capital-raising strategies as they pursue growth and build operational resilience amid economic and political uncertainties.
\nMore banks, real estate, and utility firms are expected to issue sustainability-linked bonds, DragonFi Analyst Jarrod Leighton M. Tin said.
\n\u201cThese instruments are often linked to environmental, social, and governance (ESG) performance, with interest rates tied to the achievement of specific key performance indicators \u2014 falling short can trigger a rate penalty. For companies that prioritize ESG, sustainability-linked bonds offer both strategic alignment and competitive funding terms,\u201d he said.
\nChina Bank Capital Corp. Managing Director Juan Paolo E. Colet said sustainable finance will soon become a dominant form of fundraising for corporates.
\n\u201cThere is increasing issuer and investor demand for sustainable finance products, like green, social, and sustainability-linked bonds. So far, a lot of the funds raised from such issuances are flowing to support renewable energy and eligible real estate projects,\u201d he said.
\nING Philippines Country Manager Jun Palanca said the company is seeing strong client activity in the digital infrastructure and energy sectors, which are driven by long-term structural shifts.
\n\u201cThe energy transition is a major driver of investment activity. Despite broader market caution, renewable energy and transition-related mergers and acquisitions remain resilient across Australia, India, the Philippines, Japan, and South Korea,\u201d he said.
\n\u201cDigital infrastructure stands out as a key focus, with strong capital inflows into data centers, fiber networks, and connected ecosystems. Clients are increasingly focused on scalable, high-demand verticals \u2014 particularly artificial intelligence (AI)-enabled data platforms and regional connectivity solutions,\u201d he added.
\nMr. Palanca noted that ING is also intensifying its focus on Philippine clients in the food and agriculture sectors.
\n\u201cThe country presents significant untapped potential and is poised to play a leading role in building a more sustainable and resilient food system across Southeast Asia,\u201d he said.
\nAccording to Mr. Palanca, the Philippines is entering a pivotal phase in its sustainable finance journey, underpinned by strong regulatory alignment and evolving investor expectations.
\n\u201cThe Philippine government\u2019s sustainable finance roadmap, supported by financial regulators, offers clear guidance for market participants, catalyzing the development of green bonds, sustainability-linked loans, and ESG frameworks,\u201d he said.
\n\u201cThis structured approach is prompting local institutions to broaden their funding strategies \u2014 embedding sustainability goals and accessing deeper pools of international capital,\u201d he added.
\nLaunched in 2021, the country\u2019s sustainable finance roadmap and sustainable finance guiding principles seek to create an understanding among stakeholders of sustainable economic activities. These also aim to help make sustainable finance mainstream domestically.
\nIn June, the Asian Development Bank (ADB) said in a report that the Philippines\u2019 sustainable bond market only accounted for 2% of East Asia.
\nFor the first quarter, the ADB said sustainability bonds took up 86.5% of the country\u2019s total sustainable debt stock, followed by green bonds and sustainability-linked bonds with market shares of 11.7% and 1.8%, respectively.
\nADB figures showed that the country\u2019s outstanding local currency bonds rose by 4.1% to $235 billion in the first quarter.
\nFor its part, the Securities and Exchange Commission (SEC) has been promoting the adoption of sustainable financing and practices in the local business sector.
\nIn January, the SEC partnered with the International Finance Corp. (IFC) to support the 30by30 Zero Philippines Program that aims to raise the climate-related lending of financial institutions to 30% of total portfolio on average with near zero coal exposure by 2030.
\nThe 30by30 Zero Philippines initiative was developed by the IFC and the World Bank.
\nSECTORS TO DRIVE CAPITAL SPENDING
\nWith the projected increase in sustainable finance, more companies are seen to allot more capital in various sectors to support their growth.
Mr. Colet said that companies are expected to continue allotting massive capital expenditure (capex) in the energy and infrastructure sectors.
\n\u201cBoth sectors are attracting significant investor interest due to favorable macroeconomic fundamentals, government support, and ample financing,\u201d he said.
\n\u201cGiven the long-term nature of capex investments in those sectors, sponsors and investors are looking beyond near-term uncertainties. They are willing to commit capital now because they remain optimistic about the growth prospects of the Philippines,\u201d he added.
\nVen Christian S. Guce, chief finance officer of listed holding company Filinvest Development Corp. (FDC), said the company\u2019s capex in the near-to-medium term will be largely focused on digital transformation.
\n\u201cThese investments include group-wide upgrades and harmonization of enterprise resource planning systems, and enhancements in procurement, enterprise asset management, enterprise planning, and other operational systems to drive cost efficiencies,\u201d he said.
\n\u201cWe continue to invest in people programs who are key drivers of the transformation. We have established centers of excellence such that we can leverage as a bigger cohesive group, to deepen expertise and sustain the transformation of the conglomerate to a high-performing organization,\u201d he added.
\nMr. Guce said FDC will remain focused on continuously improving and creating value for its customers.
\n\u201cThese may involve capex aimed at improving customer satisfaction, safety, health, and environmental outcomes. Digital investments are prioritized towards customer value creating systems and applications as well as for operating efficiencies,\u201d he said.
\n\u201cWithin each of our business segments, capital allocation decisions are guided by internal hurdle rates and a constant review and anticipation of changing market dynamics and emerging economic cycles,\u201d he added.
\nThe Philippine Stock Exchange (PSE) is expecting capital raising to reach over P186 billion this year.
\nPSE President and Chief Executive Officer (CEO) Ramon S. Monzon said that capital raising at the local bourse reached about P62.6 billion for the first six months, with some P123.7 billion still expected to be raised in the latter half of 2025.
\nAndrian A. Perez, president of medical logistics firm PharmaServ Express, Inc., said the company is prioritizing investments in technology infrastructure, cold chain capacity, and last-mile delivery to help future-proof its operations.
\n\u201cOur goal is to bridge the persistent gaps in healthcare logistics while staying agile amid shifting market conditions,\u201d he said.
\nAccording to Mr. Perez, the company is actively exploring sustainability-linked debt instruments and blended financing, particularly for our cold chain expansion and digital health accessibility initiatives.
\n\u201cWith growing pressure to align business practices with ESG frameworks, many local corporations \u2014 including ours \u2014 are evaluating alternative capital sources that align with long-term sustainability goals. Financial instruments that reward good governance and environmental resilience are gaining traction in both the public and private sectors,\u201d he said.
\nBUILDING RESILIENCY AMID UNCERTAINTIES
\nAmid political and economic uncertainties, corporates are faced with the challenge of making their operations more resilient to ensure continued growth.
AP Securities, Inc. Research Head Alfred Benjamin R. Garcia said companies should consider diversifying geographically or into other less regulated sectors to increase resiliency amid global uncertainties.
\n\u201cCompanies that are exposed to regulatory risk should consider diversifying into less regulated sectors\u2026 Another option would be to diversify geographically\u2026,\u201d he said.
\nCanon Marketing (Philippines), Inc. President and CEO Anuj Aggarwal said the company is strengthening its local ecosystem to ensure stability and responsiveness amid global uncertainties.
\n\u201cAt the same time, we\u2019re building organizational resilience through workforce upskilling, process automation, and data-driven decision-making. Ultimately, our aim is to future-proof our business by ensuring that innovation, sustainability, and customer trust remain at the heart of our growth agenda, regardless of external challenges,\u201d he said.
\n\u201cContingency plans must be proactive, not reactive. Our playbook includes business continuity frameworks, robust risk management systems, and digital transformation investments,\u201d he added.
\nMr. Tin said capital structure and financing strategy are ways that companies could protect themselves from political and economic uncertainties.
\n\u201cCompanies with strong reputations, transparent disclosures, healthy leverage ratios, and ample headroom on financial covenants are better positioned to raise capital \u2014 whether through preferred shares, stock rights offering (SRO), or bonds,\u201d he said.
\n\u201cIf short-term external headwinds are expected to weigh on operations, these companies can still tap the markets to fund long-term growth,\u201d he added.
\nMr. Palanca said some of the approaches that Philippine corporates could implement on their contingency plans include building inventory and logistics buffers, boosting local sourcing, and integrating ESG and climate adaptation into planning efforts.
\n\u201cSustainability-driven contingency planning helps firms meet regulatory requirements while embedding long-term resilience. This includes climate risk assessments, resource efficiency measures, and alignment with national development goals,\u201d he said.
\n\u201cLeading firms are stockpiling critical inputs and partnering with logistics providers to enable rerouting and flexible delivery. This is especially vital in a country prone to typhoons and reliant on maritime trade,\u201d he added.
\n", "content_text": "By Revin Mikhael D. Ochave, Reporter\nPHILIPPINE companies are expected to integrate more sustainable financing into their capital-raising strategies as they pursue growth and build operational resilience amid economic and political uncertainties.\nMore banks, real estate, and utility firms are expected to issue sustainability-linked bonds, DragonFi Analyst Jarrod Leighton M. Tin said.\n\u201cThese instruments are often linked to environmental, social, and governance (ESG) performance, with interest rates tied to the achievement of specific key performance indicators \u2014 falling short can trigger a rate penalty. For companies that prioritize ESG, sustainability-linked bonds offer both strategic alignment and competitive funding terms,\u201d he said.\nChina Bank Capital Corp. Managing Director Juan Paolo E. Colet said sustainable finance will soon become a dominant form of fundraising for corporates.\n\u201cThere is increasing issuer and investor demand for sustainable finance products, like green, social, and sustainability-linked bonds. So far, a lot of the funds raised from such issuances are flowing to support renewable energy and eligible real estate projects,\u201d he said.\nING Philippines Country Manager Jun Palanca said the company is seeing strong client activity in the digital infrastructure and energy sectors, which are driven by long-term structural shifts.\n\u201cThe energy transition is a major driver of investment activity. Despite broader market caution, renewable energy and transition-related mergers and acquisitions remain resilient across Australia, India, the Philippines, Japan, and South Korea,\u201d he said.\n\u201cDigital infrastructure stands out as a key focus, with strong capital inflows into data centers, fiber networks, and connected ecosystems. Clients are increasingly focused on scalable, high-demand verticals \u2014 particularly artificial intelligence (AI)-enabled data platforms and regional connectivity solutions,\u201d he added.\nMr. Palanca noted that ING is also intensifying its focus on Philippine clients in the food and agriculture sectors.\n\u201cThe country presents significant untapped potential and is poised to play a leading role in building a more sustainable and resilient food system across Southeast Asia,\u201d he said.\nAccording to Mr. Palanca, the Philippines is entering a pivotal phase in its sustainable finance journey, underpinned by strong regulatory alignment and evolving investor expectations.\n\u201cThe Philippine government\u2019s sustainable finance roadmap, supported by financial regulators, offers clear guidance for market participants, catalyzing the development of green bonds, sustainability-linked loans, and ESG frameworks,\u201d he said.\n\u201cThis structured approach is prompting local institutions to broaden their funding strategies \u2014 embedding sustainability goals and accessing deeper pools of international capital,\u201d he added.\nLaunched in 2021, the country\u2019s sustainable finance roadmap and sustainable finance guiding principles seek to create an understanding among stakeholders of sustainable economic activities. These also aim to help make sustainable finance mainstream domestically.\nIn June, the Asian Development Bank (ADB) said in a report that the Philippines\u2019 sustainable bond market only accounted for 2% of East Asia.\nFor the first quarter, the ADB said sustainability bonds took up 86.5% of the country\u2019s total sustainable debt stock, followed by green bonds and sustainability-linked bonds with market shares of 11.7% and 1.8%, respectively.\nADB figures showed that the country\u2019s outstanding local currency bonds rose by 4.1% to $235 billion in the first quarter.\nFor its part, the Securities and Exchange Commission (SEC) has been promoting the adoption of sustainable financing and practices in the local business sector.\nIn January, the SEC partnered with the International Finance Corp. (IFC) to support the 30by30 Zero Philippines Program that aims to raise the climate-related lending of financial institutions to 30% of total portfolio on average with near zero coal exposure by 2030.\nThe 30by30 Zero Philippines initiative was developed by the IFC and the World Bank.\nSECTORS TO DRIVE CAPITAL SPENDING\nWith the projected increase in sustainable finance, more companies are seen to allot more capital in various sectors to support their growth.\nMr. Colet said that companies are expected to continue allotting massive capital expenditure (capex) in the energy and infrastructure sectors.\n\u201cBoth sectors are attracting significant investor interest due to favorable macroeconomic fundamentals, government support, and ample financing,\u201d he said.\n\u201cGiven the long-term nature of capex investments in those sectors, sponsors and investors are looking beyond near-term uncertainties. They are willing to commit capital now because they remain optimistic about the growth prospects of the Philippines,\u201d he added.\nVen Christian S. Guce, chief finance officer of listed holding company Filinvest Development Corp. (FDC), said the company\u2019s capex in the near-to-medium term will be largely focused on digital transformation.\n\u201cThese investments include group-wide upgrades and harmonization of enterprise resource planning systems, and enhancements in procurement, enterprise asset management, enterprise planning, and other operational systems to drive cost efficiencies,\u201d he said.\n\u201cWe continue to invest in people programs who are key drivers of the transformation. We have established centers of excellence such that we can leverage as a bigger cohesive group, to deepen expertise and sustain the transformation of the conglomerate to a high-performing organization,\u201d he added.\nMr. Guce said FDC will remain focused on continuously improving and creating value for its customers.\n\u201cThese may involve capex aimed at improving customer satisfaction, safety, health, and environmental outcomes. Digital investments are prioritized towards customer value creating systems and applications as well as for operating efficiencies,\u201d he said.\n\u201cWithin each of our business segments, capital allocation decisions are guided by internal hurdle rates and a constant review and anticipation of changing market dynamics and emerging economic cycles,\u201d he added.\nThe Philippine Stock Exchange (PSE) is expecting capital raising to reach over P186 billion this year.\nPSE President and Chief Executive Officer (CEO) Ramon S. Monzon said that capital raising at the local bourse reached about P62.6 billion for the first six months, with some P123.7 billion still expected to be raised in the latter half of 2025.\nAndrian A. Perez, president of medical logistics firm PharmaServ Express, Inc., said the company is prioritizing investments in technology infrastructure, cold chain capacity, and last-mile delivery to help future-proof its operations.\n\u201cOur goal is to bridge the persistent gaps in healthcare logistics while staying agile amid shifting market conditions,\u201d he said.\nAccording to Mr. Perez, the company is actively exploring sustainability-linked debt instruments and blended financing, particularly for our cold chain expansion and digital health accessibility initiatives.\n\u201cWith growing pressure to align business practices with ESG frameworks, many local corporations \u2014 including ours \u2014 are evaluating alternative capital sources that align with long-term sustainability goals. Financial instruments that reward good governance and environmental resilience are gaining traction in both the public and private sectors,\u201d he said.\nBUILDING RESILIENCY AMID UNCERTAINTIES\nAmid political and economic uncertainties, corporates are faced with the challenge of making their operations more resilient to ensure continued growth.\nAP Securities, Inc. Research Head Alfred Benjamin R. Garcia said companies should consider diversifying geographically or into other less regulated sectors to increase resiliency amid global uncertainties.\n\u201cCompanies that are exposed to regulatory risk should consider diversifying into less regulated sectors\u2026 Another option would be to diversify geographically\u2026,\u201d he said.\nCanon Marketing (Philippines), Inc. President and CEO Anuj Aggarwal said the company is strengthening its local ecosystem to ensure stability and responsiveness amid global uncertainties.\n\u201cAt the same time, we\u2019re building organizational resilience through workforce upskilling, process automation, and data-driven decision-making. Ultimately, our aim is to future-proof our business by ensuring that innovation, sustainability, and customer trust remain at the heart of our growth agenda, regardless of external challenges,\u201d he said.\n\u201cContingency plans must be proactive, not reactive. Our playbook includes business continuity frameworks, robust risk management systems, and digital transformation investments,\u201d he added.\nMr. Tin said capital structure and financing strategy are ways that companies could protect themselves from political and economic uncertainties.\n\u201cCompanies with strong reputations, transparent disclosures, healthy leverage ratios, and ample headroom on financial covenants are better positioned to raise capital \u2014 whether through preferred shares, stock rights offering (SRO), or bonds,\u201d he said.\n\u201cIf short-term external headwinds are expected to weigh on operations, these companies can still tap the markets to fund long-term growth,\u201d he added.\nMr. Palanca said some of the approaches that Philippine corporates could implement on their contingency plans include building inventory and logistics buffers, boosting local sourcing, and integrating ESG and climate adaptation into planning efforts.\n\u201cSustainability-driven contingency planning helps firms meet regulatory requirements while embedding long-term resilience. This includes climate risk assessments, resource efficiency measures, and alignment with national development goals,\u201d he said.\n\u201cLeading firms are stockpiling critical inputs and partnering with logistics providers to enable rerouting and flexible delivery. This is especially vital in a country prone to typhoons and reliant on maritime trade,\u201d he added.", "date_published": "2025-09-08T00:20:22+08:00", "date_modified": "2025-09-07T16:15:10+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2025/09/body-of-water-near-city-buildings-during-daytime.jpg", "tags": [ "BW38", "Revin Mikhael D. Ochave", "Special Reports" ], "summary": "PHILIPPINE companies are expected to integrate more sustainable financing into their capital-raising strategies as they pursue growth and build operational resilience amid economic and political uncertainties." }, { "id": "/?p=694479", "url": "/corporate/2025/08/29/694479/fni-elects-dante-bravo-as-chair-joseph-sy-takes-leave-over-citizenship-issue/", "title": "FNI elects Dante Bravo as chair; Joseph Sy takes leave over citizenship issue", "content_html": "LISTED mining company Global Ferronickel Holdings, Inc. (FNI) said its chairman, Joseph C. Sy, has taken a voluntary leave of absence amid questions over his Filipino citizenship.
\nMr. Sy took the leave to focus on \u201cresolving his personal legal matters while safeguarding the best interests of the company and its stakeholders,\u201d FNI said in a regulatory filing on Thursday.
\nWith this, FNI said its board elected current president Dante R. Bravo as chairman effective Aug. 27.
\n\u201cMr. Bravo will serve in both roles, with his performance and dual capacity to be reviewed annually by the board and the corporate governance committee,\u201d FNI said.
\nMr. Sy was arrested by Bureau of Immigration (BI) operatives on Aug. 21 upon his arrival from Hong Kong over the alleged misrepresentation of his citizenship.
\nFNI denounced Mr. Sy\u2019s arrest, saying his citizenship has been confirmed by at least six rulings from the BI, the Department of Justice, the Office of the President, the Securities and Exchange Commission, and the Supreme Court.
\nMeanwhile, FNI appointed lead independent director Jaime F. Del Rosario to the newly created role of vice-chairman to \u201cstrengthen independent oversight.\u201d
\nMr. Del Rosario will provide additional governance checks, preside over meetings in the chairman\u2019s absence, and serve as intermediary between the chairman and other directors.
\nHe will also convene and chair meetings of the non-executive directors and contribute to the performance evaluation of the chairman.
\n\u201cThese measures underscore FNI\u2019s commitment to stability, transparency, and strong corporate governance, providing clear leadership structure and reinforcing independent oversight while the company continues to execute its business strategy,\u201d FNI said.
\nFNI is engaged in nickel ore mining, logistics, cement and steel production, and port operations.
\nOn Thursday, FNI shares fell by 0.77% or one centavo to P1.29 apiece. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "LISTED mining company Global Ferronickel Holdings, Inc. (FNI) said its chairman, Joseph C. Sy, has taken a voluntary leave of absence amid questions over his Filipino citizenship.\nMr. Sy took the leave to focus on \u201cresolving his personal legal matters while safeguarding the best interests of the company and its stakeholders,\u201d FNI said in a regulatory filing on Thursday.\nWith this, FNI said its board elected current president Dante R. Bravo as chairman effective Aug. 27.\n\u201cMr. Bravo will serve in both roles, with his performance and dual capacity to be reviewed annually by the board and the corporate governance committee,\u201d FNI said.\nMr. Sy was arrested by Bureau of Immigration (BI) operatives on Aug. 21 upon his arrival from Hong Kong over the alleged misrepresentation of his citizenship.\nFNI denounced Mr. Sy\u2019s arrest, saying his citizenship has been confirmed by at least six rulings from the BI, the Department of Justice, the Office of the President, the Securities and Exchange Commission, and the Supreme Court.\nMeanwhile, FNI appointed lead independent director Jaime F. Del Rosario to the newly created role of vice-chairman to \u201cstrengthen independent oversight.\u201d\nMr. Del Rosario will provide additional governance checks, preside over meetings in the chairman\u2019s absence, and serve as intermediary between the chairman and other directors.\nHe will also convene and chair meetings of the non-executive directors and contribute to the performance evaluation of the chairman.\n\u201cThese measures underscore FNI\u2019s commitment to stability, transparency, and strong corporate governance, providing clear leadership structure and reinforcing independent oversight while the company continues to execute its business strategy,\u201d FNI said.\nFNI is engaged in nickel ore mining, logistics, cement and steel production, and port operations.\nOn Thursday, FNI shares fell by 0.77% or one centavo to P1.29 apiece. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-29T00:04:01+08:00", "date_modified": "2025-08-28T20:47:30+08:00", "authors": [ { "name": "大象传媒", "url": "/author/rgentribirthfurd/", "avatar": "https://secure.gravatar.com/avatar/9965230d2fd009579b4e8df9a934f6d1021b1ee67e60bcb4cad3b7249a2900ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/rgentribirthfurd/", "avatar": "https://secure.gravatar.com/avatar/9965230d2fd009579b4e8df9a934f6d1021b1ee67e60bcb4cad3b7249a2900ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2025/08/Dante-R.-Bravo-Joseph-C.-Sy.jpg", "tags": [ "Dante R. Bravo", "FNI", "Joseph C. Sy", "Revin Mikhael D. Ochave", "Corporate" ] }, { "id": "/?p=694462", "url": "/corporate/2025/08/29/694462/ovialand-says-laguna-bulacan-sales-lift-first-half-profit/", "title": "Ovialand says Laguna, Bulacan sales lift first-half profit", "content_html": "REAL ESTATE developer Ovialand, Inc. saw a 37% increase in its first-half consolidated net profit to P420 million, driven by surging demand for premium-affordable homes.
\nRevenue from January to June rose by 20% to P1.1 billion amid strong sales and continued demand for the company\u2019s premium-affordable homes in Laguna and Bulacan, Ovialand said in an e-mailed statement on Thurs-day.
\nHomes turned over increased by 19% on the back of rising annual production capacity.
\nTotal assets went up by 12% to P2.9 billion, with real estate inventories and land acquisition options accounting for 48% of the growth.
\n\u201cOvialand is on track to hit its target growth for 2025 and is continuously watching out for opportunities in the market to be able to expand its reach to more homebuyers in other areas in Luzon,\u201d Ovialand Chief Executive Officer Pammy Olivares-Vital said.
\nOvialand recently broke ground in Baliwag, Bulacan, marking its second project in Central Luzon as the company expands its presence north of Metro Manila.
\n\u201cWe are very happy to serve and bring our promise of premier family living to more locations as we add new properties and expand our current projects,\u201d Ms. Olivares-Vital said.
\nOvialand is a real estate developer engaged in the premium-affordable housing market. It has projects in Laguna, Quezon, Batangas, and Bulacan. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "REAL ESTATE developer Ovialand, Inc. saw a 37% increase in its first-half consolidated net profit to P420 million, driven by surging demand for premium-affordable homes.\nRevenue from January to June rose by 20% to P1.1 billion amid strong sales and continued demand for the company\u2019s premium-affordable homes in Laguna and Bulacan, Ovialand said in an e-mailed statement on Thurs-day.\nHomes turned over increased by 19% on the back of rising annual production capacity.\nTotal assets went up by 12% to P2.9 billion, with real estate inventories and land acquisition options accounting for 48% of the growth.\n\u201cOvialand is on track to hit its target growth for 2025 and is continuously watching out for opportunities in the market to be able to expand its reach to more homebuyers in other areas in Luzon,\u201d Ovialand Chief Executive Officer Pammy Olivares-Vital said.\nOvialand recently broke ground in Baliwag, Bulacan, marking its second project in Central Luzon as the company expands its presence north of Metro Manila.\n\u201cWe are very happy to serve and bring our promise of premier family living to more locations as we add new properties and expand our current projects,\u201d Ms. Olivares-Vital said.\nOvialand is a real estate developer engaged in the premium-affordable housing market. It has projects in Laguna, Quezon, Batangas, and Bulacan. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-29T00:01:31+08:00", "date_modified": "2025-08-28T20:26:16+08:00", "authors": [ { "name": "大象传媒", "url": "/author/rgentribirthfurd/", "avatar": "https://secure.gravatar.com/avatar/9965230d2fd009579b4e8df9a934f6d1021b1ee67e60bcb4cad3b7249a2900ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/rgentribirthfurd/", "avatar": "https://secure.gravatar.com/avatar/9965230d2fd009579b4e8df9a934f6d1021b1ee67e60bcb4cad3b7249a2900ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2025/08/Santevi-by-Ovialand-1.jpg", "tags": [ "Ovialand", "Revin Mikhael D. Ochave", "Corporate" ] }, { "id": "/?p=694378", "url": "/stock-market/2025/08/28/694378/stocks-sink-on-selling-pressure-before-bsp-cut/", "title": "Stocks sink on selling pressure before BSP cut", "content_html": "PHILIPPINE STOCKS dropped anew on Thursday, with the main index sliding back to the 6,100 level, as investors pocketed their gains before the Bangko Sentral ng Pilipinas (BSP) delivered a widely-expected rate cut.
\nThe Philippine Stock Exchange index (PSEi) fell by 1.32% or 83.15 points to close at 6,190.19, while the broader all shares index dropped by 0.75% or 28 points to 3,703.07.
\n\u201cInvestors booked gains from yesterday\u2019s rally, taking a cautious stance while waiting for clues on the Bangko Sentral ng Pilipinas\u2019 policy outlook from their latest meeting,\u201d Philstocks Financial Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message.
\n\u201cThe peso\u2019s weak position against the dollar also weighed on the market this Thursday.\u201d
\nThe BSP on Thursday cut benchmark interest rates by 25 basis points (bp) to bring its policy rate to 5%, as expected by all 20 analysts in a 大象传媒 poll. This was its third straight 25-bp cut since April.
\nIt has now lowered borrowing costs by a cumulative 150 bps since it began its easing cycle in August 2024.
\nBSP Governor Eli M. Remolona, Jr. said in a briefing that the key rate is now at the \u201csweet spot\u201d in terms of inflation and output.
\nHe added that they could consider further policy loosening if the economy weakens \u201cconsiderably,\u201d with one more cut still possible this year that could mark the end of its current easing cycle.
\nEarlier, the BSP chief signalled that more reductions could be on the table until next year.
\n\u201cThe market faced some selling pressure,\u201d Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message. \u201cBut now, attention shifts to how investors will react to the BSP\u2019s 25 bps rate cut and its implications for equity prices, especially as yields continue to decline while the inflation outlook of the central bank remains steady at 1.7% by yearend.\u201d
\nAlmost all sectoral indices closed lower on Thursday. Financials retreated by 2.41% or 51.21 points to 2,073.60; property went down by 1.45% or 36.30 points to 2,467.88; services sank by 1% or 22.47 points to 2,214.59; holding firms decreased by 0.67% or 34.54 points to 5,122.49; and industrials declined by 0.23% or 21.53 points to 9,111.48.
\nMeanwhile, mining and oil rose by 0.45% or 44.41 points to 9,864.23.
\n\u201cACEN Corp. was the day\u2019s index leader, climbing 3.21% to P2.25. BDO Unibank, Inc. was the worst index performer, dropping 3.35% to P135.50,\u201d Mr. Tantiangco said.
\nValue turnover dropped to P7 billion on Thursday with 953.32 million shares traded from P8.65 billion with 890.43 million shares exchanged on Wednesday.
\nAdvancers and decliners were evenly split at 99 each, while 48 names were unchanged.
\nNet foreign selling increased to P769.82 million on Thursday from P41.42 million on Wednesday. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "PHILIPPINE STOCKS dropped anew on Thursday, with the main index sliding back to the 6,100 level, as investors pocketed their gains before the Bangko Sentral ng Pilipinas (BSP) delivered a widely-expected rate cut.\nThe Philippine Stock Exchange index (PSEi) fell by 1.32% or 83.15 points to close at 6,190.19, while the broader all shares index dropped by 0.75% or 28 points to 3,703.07.\n\u201cInvestors booked gains from yesterday\u2019s rally, taking a cautious stance while waiting for clues on the Bangko Sentral ng Pilipinas\u2019 policy outlook from their latest meeting,\u201d Philstocks Financial Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message.\n\u201cThe peso\u2019s weak position against the dollar also weighed on the market this Thursday.\u201d\nThe BSP on Thursday cut benchmark interest rates by 25 basis points (bp) to bring its policy rate to 5%, as expected by all 20 analysts in a 大象传媒 poll. This was its third straight 25-bp cut since April.\nIt has now lowered borrowing costs by a cumulative 150 bps since it began its easing cycle in August 2024.\nBSP Governor Eli M. Remolona, Jr. said in a briefing that the key rate is now at the \u201csweet spot\u201d in terms of inflation and output.\nHe added that they could consider further policy loosening if the economy weakens \u201cconsiderably,\u201d with one more cut still possible this year that could mark the end of its current easing cycle.\nEarlier, the BSP chief signalled that more reductions could be on the table until next year.\n\u201cThe market faced some selling pressure,\u201d Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message. \u201cBut now, attention shifts to how investors will react to the BSP\u2019s 25 bps rate cut and its implications for equity prices, especially as yields continue to decline while the inflation outlook of the central bank remains steady at 1.7% by yearend.\u201d\nAlmost all sectoral indices closed lower on Thursday. Financials retreated by 2.41% or 51.21 points to 2,073.60; property went down by 1.45% or 36.30 points to 2,467.88; services sank by 1% or 22.47 points to 2,214.59; holding firms decreased by 0.67% or 34.54 points to 5,122.49; and industrials declined by 0.23% or 21.53 points to 9,111.48.\nMeanwhile, mining and oil rose by 0.45% or 44.41 points to 9,864.23.\n\u201cACEN Corp. was the day\u2019s index leader, climbing 3.21% to P2.25. BDO Unibank, Inc. was the worst index performer, dropping 3.35% to P135.50,\u201d Mr. Tantiangco said.\nValue turnover dropped to P7 billion on Thursday with 953.32 million shares traded from P8.65 billion with 890.43 million shares exchanged on Wednesday.\nAdvancers and decliners were evenly split at 99 each, while 48 names were unchanged.\nNet foreign selling increased to P769.82 million on Thursday from P41.42 million on Wednesday. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-28T21:00:30+08:00", "date_modified": "2025-08-28T18:37:50+08:00", "authors": [ { "name": "大象传媒", "url": "/author/agarwalekwensi/", "avatar": "https://secure.gravatar.com/avatar/63a6222a994ecdcd0783bb257b7c4e6d18b49dfa789dd168af5420ab8a45082c?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/agarwalekwensi/", "avatar": "https://secure.gravatar.com/avatar/63a6222a994ecdcd0783bb257b7c4e6d18b49dfa789dd168af5420ab8a45082c?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2021/08/PSE-720p-2.jpg", "tags": [ "Revin Mikhael D. Ochave", "Editors' Picks", "One News", "Stock Market", "大象传媒" ] }, { "id": "/?p=694167", "url": "/top-stories/2025/08/28/694167/sec-expands-one-day-registration-to-81-industries/", "title": "SEC expands one-day registration to 81 industries", "content_html": "By Revin Mikhael D. Ochave, Reporter
\nTHE SECURITIES and Exchange Commission (SEC) recently increased the number of industries that can avail of the one-day company registration process.
\nIn a statement, the corporate regulator said it expanded the list of industries eligible for one-day company registration to 81 from 33 previously.
\nCompanies can apply through the One-Day Submission and Electronic Registration of Companies (OneSEC) Zuper Easy Registration online facility.
\nThe wider coverage resulted in a 190% increase in company registrations through OneSEC to 2,938 in July from 1,014 in May.
\nSome of the new industries allowed to avail the one-day company registration process include computer programming, customs brokerage, deep sea commercial fishing, drugstore, laundry services, property management, radio broadcasting, and veterinary activities.\u00a0
\n\u201cCompany registration marks the first step in legitimizing a business, which is why we want to make the process as easy and accessible as possible to our stakeholders,\u201d SEC Chairperson Francisco Ed. Lim said in the statement.
\n\u201cAs we move to streamline the registration process, we hope to encourage more entrepreneurs to use the corporate vehicle in facilitating their business and eventually, raise funds for expansion by tapping the capital market,\u201d he added.
\nIntroduced in 2021, OneSEC offers pre-filled application forms that lets companies finish the registration process in as fast as one minute and 14 seconds \u2014 from the start of the application to the receipt of a digital certificate of incorporation.
\nEligible corporations that can register using the system include one-person corporations and regular corporations with two to 15 incorporators, board of directors and stockholders.
\nMr. Lim said the SEC will further streamline its processes to improve ease of doing business in the country.\u00a0
\n\u201cThis is just the beginning. We will continue to assess our internal policies to identify the bottlenecks that we need to remove to further improve the ease of doing business, thereby reinforcing the trust and confidence of our stakeholders in our systems,\u201d he said.
\nSM Investments Corp. economist Robert Dan J. Roces said the SEC\u2019s move is a big win for startups and micro, small, and medium enterprises (MSMEs) as it will help legitimize their businesses.\u00a0
\n\u201cFaster entry into the formal economy means easier access to finance and growth opportunities, and the jump in registrations shows how strong the demand is. This step not only supports entrepreneurs but also fuels jobs and competition in the broader economy,\u201d Mr. Roces said in a Viber message.\u00a0
\nRizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message that the expanded eligibility will help encourage greater compliance among businesses.\u00a0 \u00a0
\n\u201cThis is part of the efforts to further ease doing business, both small and large businesses, apart from the initiatives of the Anti-Red Tape Authority,\u201d he said.
\nDIGITAL FINANCE
\nMeanwhile, Mr. Lim said the Philippines can become a leader in trusted digital finance.
\u201cIf we work together \u2014 government, industry, and innovators \u2014 we can make the Philippines not just a participant, but a leader in the digital financial revolution,\u201d he said in his keynote address at the Manila Tech Summit 2025 on Wednesday.
\n\u201cTechnology is transforming finance at a breathtaking pace. But while the channels change, our duty as regulators does not: markets must always be fair, transparent, and safe for all. That is why our principle is simple: same activity, same risk, and same regulatory outcome. The SEC is technology-neutral, but never risk-blind,\u201d he added.\u00a0
\nThe SEC is also pushing for a capital market that is digital, inclusive, and trusted, according to Mr. Lim.\u00a0
\n\u201cOur goal is clear: a capital market that is deeper, more inclusive, and globally competitive \u2014 powered by technology, secured by trust, and inspired by the ingenuity of the Filipino,\u201d he said.\u00a0
\nMr. Lim also said that regulation is a platform for innovation and growth, and not a hindrance to progress.\u00a0
\n\u201cEase of doing business and investor protection are not opposing goals \u2014 they are twin pillars of market integrity,\u201d he said.
\n\u201cEvery safeguard we build is not just a shield against abuse \u2014 it is a bridge between innovation and trust, ambition and stability, risk and reward.\u201d
\nThe SEC has been introducing programs to improve the ease of doing business in the country and urged more MSMEs to register as corporations.
\nOn July 16, the commission issued Memorandum Circular No. 8 that granted a 20% discount in registration fees, and up to 50% discount in the filing fee for MSMEs seeking to tap the capital market.
\nIt also implemented strict timelines in the processing of applications for permits, licenses, registrations, certificates, clearances, and other authorizations.
\nThe SEC also adopted a \u201cdeemed approved\u201d policy if it fails to meet its own deadline for review.
\n", "content_text": "By Revin Mikhael D. Ochave, Reporter\nTHE SECURITIES and Exchange Commission (SEC) recently increased the number of industries that can avail of the one-day company registration process.\nIn a statement, the corporate regulator said it expanded the list of industries eligible for one-day company registration to 81 from 33 previously.\nCompanies can apply through the One-Day Submission and Electronic Registration of Companies (OneSEC) Zuper Easy Registration online facility. \nThe wider coverage resulted in a 190% increase in company registrations through OneSEC to 2,938 in July from 1,014 in May.\nSome of the new industries allowed to avail the one-day company registration process include computer programming, customs brokerage, deep sea commercial fishing, drugstore, laundry services, property management, radio broadcasting, and veterinary activities.\u00a0\n\u201cCompany registration marks the first step in legitimizing a business, which is why we want to make the process as easy and accessible as possible to our stakeholders,\u201d SEC Chairperson Francisco Ed. Lim said in the statement.\n\u201cAs we move to streamline the registration process, we hope to encourage more entrepreneurs to use the corporate vehicle in facilitating their business and eventually, raise funds for expansion by tapping the capital market,\u201d he added. \nIntroduced in 2021, OneSEC offers pre-filled application forms that lets companies finish the registration process in as fast as one minute and 14 seconds \u2014 from the start of the application to the receipt of a digital certificate of incorporation. \nEligible corporations that can register using the system include one-person corporations and regular corporations with two to 15 incorporators, board of directors and stockholders. \nMr. Lim said the SEC will further streamline its processes to improve ease of doing business in the country.\u00a0\n\u201cThis is just the beginning. We will continue to assess our internal policies to identify the bottlenecks that we need to remove to further improve the ease of doing business, thereby reinforcing the trust and confidence of our stakeholders in our systems,\u201d he said.\nSM Investments Corp. economist Robert Dan J. Roces said the SEC\u2019s move is a big win for startups and micro, small, and medium enterprises (MSMEs) as it will help legitimize their businesses.\u00a0\n\u201cFaster entry into the formal economy means easier access to finance and growth opportunities, and the jump in registrations shows how strong the demand is. This step not only supports entrepreneurs but also fuels jobs and competition in the broader economy,\u201d Mr. Roces said in a Viber message.\u00a0\nRizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message that the expanded eligibility will help encourage greater compliance among businesses.\u00a0 \u00a0\n\u201cThis is part of the efforts to further ease doing business, both small and large businesses, apart from the initiatives of the Anti-Red Tape Authority,\u201d he said.\nDIGITAL FINANCE\nMeanwhile, Mr. Lim said the Philippines can become a leader in trusted digital finance.\n\u201cIf we work together \u2014 government, industry, and innovators \u2014 we can make the Philippines not just a participant, but a leader in the digital financial revolution,\u201d he said in his keynote address at the Manila Tech Summit 2025 on Wednesday. \n\u201cTechnology is transforming finance at a breathtaking pace. But while the channels change, our duty as regulators does not: markets must always be fair, transparent, and safe for all. That is why our principle is simple: same activity, same risk, and same regulatory outcome. The SEC is technology-neutral, but never risk-blind,\u201d he added.\u00a0\nThe SEC is also pushing for a capital market that is digital, inclusive, and trusted, according to Mr. Lim.\u00a0\n\u201cOur goal is clear: a capital market that is deeper, more inclusive, and globally competitive \u2014 powered by technology, secured by trust, and inspired by the ingenuity of the Filipino,\u201d he said.\u00a0\nMr. Lim also said that regulation is a platform for innovation and growth, and not a hindrance to progress.\u00a0\n\u201cEase of doing business and investor protection are not opposing goals \u2014 they are twin pillars of market integrity,\u201d he said.\n\u201cEvery safeguard we build is not just a shield against abuse \u2014 it is a bridge between innovation and trust, ambition and stability, risk and reward.\u201d\nThe SEC has been introducing programs to improve the ease of doing business in the country and urged more MSMEs to register as corporations.\nOn July 16, the commission issued Memorandum Circular No. 8 that granted a 20% discount in registration fees, and up to 50% discount in the filing fee for MSMEs seeking to tap the capital market. \nIt also implemented strict timelines in the processing of applications for permits, licenses, registrations, certificates, clearances, and other authorizations.\nThe SEC also adopted a \u201cdeemed approved\u201d policy if it fails to meet its own deadline for review.", "date_published": "2025-08-28T00:32:16+08:00", "date_modified": "2025-08-28T09:21:23+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2024/06/SEC-buillding-3.jpg", "tags": [ "Revin Mikhael D. Ochave", "Editors' Picks", "One News", "大象传媒" ], "summary": "THE SECURITIES and Exchange Commission (SEC) recently increased the number of industries that can avail of the one-day company registration process." }, { "id": "/?p=694176", "url": "/corporate/2025/08/28/694176/8990-holdings-stockholders-approve-voluntary-delisting/", "title": "8990 Holdings stockholders approve voluntary delisting", "content_html": "REAL ESTATE developer 8990 Holdings, Inc. has secured stockholders\u2019 approval for its planned voluntary delisting from the Philippine Stock Exchange (PSE).
\nThe voluntary delisting was approved by stockholders during the annual meeting on Aug. 26, 8990 Holdings said in a regulatory filing on Wednesday.
\nIn July, 8990 Holdings announced its delisting plan, with subsidiary 8990 Housing Development Corp. launching a tender offer at P10.42 per share as part of the exit process.
\nThe tender offer will exclude common shares held by majority shareholders Iholdings, Inc., Kwantlen Development Corp., Mariano D. Martinez, Luis N. Yu, Jr., and the qualifying common shares of the directors.
\n8990 Holdings said the voluntary delisting would help unlock the value of its business and assets.
\n\u201cThe voluntary delisting of the company would unlock the intrinsic value of the company\u2019s business and assets, which does not seem to be fully appreciated by the market, based on the historical trading price of the company\u2019s shares on the PSE,\u201d 8990 Holdings said.
\n8990 Holdings is engaged in property development through the brands Deca Homes, Deca Towers, and Urban Deca Towers. Its portfolio includes low-cost mass housing units and subdivision lots, as well as medium-rise and high-rise housing units. The company is also engaged in hotel operations.
\nOn Wednesday, 8990 Holdings shares fell by 1.75% or 18 centavos to P10.12 apiece. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "REAL ESTATE developer 8990 Holdings, Inc. has secured stockholders\u2019 approval for its planned voluntary delisting from the Philippine Stock Exchange (PSE).\nThe voluntary delisting was approved by stockholders during the annual meeting on Aug. 26, 8990 Holdings said in a regulatory filing on Wednesday.\nIn July, 8990 Holdings announced its delisting plan, with subsidiary 8990 Housing Development Corp. launching a tender offer at P10.42 per share as part of the exit process.\nThe tender offer will exclude common shares held by majority shareholders Iholdings, Inc., Kwantlen Development Corp., Mariano D. Martinez, Luis N. Yu, Jr., and the qualifying common shares of the directors.\n8990 Holdings said the voluntary delisting would help unlock the value of its business and assets.\n\u201cThe voluntary delisting of the company would unlock the intrinsic value of the company\u2019s business and assets, which does not seem to be fully appreciated by the market, based on the historical trading price of the company\u2019s shares on the PSE,\u201d 8990 Holdings said.\n8990 Holdings is engaged in property development through the brands Deca Homes, Deca Towers, and Urban Deca Towers. Its portfolio includes low-cost mass housing units and subdivision lots, as well as medium-rise and high-rise housing units. The company is also engaged in hotel operations.\nOn Wednesday, 8990 Holdings shares fell by 1.75% or 18 centavos to P10.12 apiece. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-28T00:07:37+08:00", "date_modified": "2025-08-27T19:50:30+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2025/07/Urban-Deca-Towers-Cubao.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate", "Editors' Picks" ] }, { "id": "/?p=694170", "url": "/corporate/2025/08/28/694170/cityland-development-to-absorb-city-land-developers-in-streamlining-move/", "title": "Cityland Development to absorb City & Land Developers in streamlining move", "content_html": "CITYLAND DEVELOPMENT Corp. (CDC) will merge with its listed subsidiary City & Land Developers, Inc. (LAND), with CDC as the surviving entity, in a move to streamline operations across the two real estate firms.
\nCDC said in a regulatory filing on Wednesday that its board approved the merger with LAND on Aug. 26.
\nIn a separate disclosure, LAND said it will be delisted from the PSE and will cease to exist as a separate legal entity upon completion of the merger.
\nAccording to CDC, the merger will help streamline operations, eliminate duplicated functions, and achieve cost savings and other economic efficiencies.
\n\u201cBy consolidating the businesses under CDC as the surviving entity, the merger will allow for a simplified ownership structure, better operational coordination, enhanced business focus, and reduced overall corporate costs,\u201d CDC said.
\n\u201cThe merger supports both companies’ strategic objectives to maximize stockholder value and strengthen the merged company\u2019s position in the real estate industry by enabling it to better respond to market opportunities with greater financial and operational flexibility,\u201d it added.
\nCDC will issue 1.39 billion primary common shares to LAND stockholders as consideration for the merger. LAND currently has 1.58 billion issued and outstanding common shares.
\nOne LAND share will be equivalent to 0.88 CDC share, based on CDC\u2019s preliminary review.
\nCDC will absorb all of LAND\u2019s assets, liabilities, rights, privileges, and ongoing projects, ensuring continuity and full protection for creditors and stakeholders.
\n\u201cThis integration is anticipated to enhance operational scale, optimize cost management, and support sustainable long-term growth,\u201d CDC said.
\nMeanwhile, CDC said there is no timetable yet for the implementation of the merger as it is still awaiting corporate and regulatory approvals, including from the Securities and Exchange Commission and the Philippine Competition Commission.
\nThe merger is subject to the approval of the stockholders of both CDC and LAND during their respective stockholders\u2019 meetings on Oct. 9 and Oct. 10, respectively.
\nCDC and LAND are both engaged in the development of land for residential, office, commercial, institutional, and industrial uses.
\nSome of CDC\u2019s projects include the 50-story CityNorth Tower condominium in Quezon City and the 24-story Pioneer Heights 1 condominium in Mandaluyong City.
\nLAND\u2019s projects include the 40-story One Hidalgo condominium in Malate and the 40-story One Taft Residences condominium in Taft.
\nOn Wednesday, CDC shares rose 3.45% or two centavos to 60 centavos apiece, while LAND stocks gained 8.62% or five centavos to 63 centavos per share. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "CITYLAND DEVELOPMENT Corp. (CDC) will merge with its listed subsidiary City & Land Developers, Inc. (LAND), with CDC as the surviving entity, in a move to streamline operations across the two real estate firms.\nCDC said in a regulatory filing on Wednesday that its board approved the merger with LAND on Aug. 26.\nIn a separate disclosure, LAND said it will be delisted from the PSE and will cease to exist as a separate legal entity upon completion of the merger.\nAccording to CDC, the merger will help streamline operations, eliminate duplicated functions, and achieve cost savings and other economic efficiencies.\n\u201cBy consolidating the businesses under CDC as the surviving entity, the merger will allow for a simplified ownership structure, better operational coordination, enhanced business focus, and reduced overall corporate costs,\u201d CDC said.\n\u201cThe merger supports both companies’ strategic objectives to maximize stockholder value and strengthen the merged company\u2019s position in the real estate industry by enabling it to better respond to market opportunities with greater financial and operational flexibility,\u201d it added.\nCDC will issue 1.39 billion primary common shares to LAND stockholders as consideration for the merger. LAND currently has 1.58 billion issued and outstanding common shares.\nOne LAND share will be equivalent to 0.88 CDC share, based on CDC\u2019s preliminary review.\nCDC will absorb all of LAND\u2019s assets, liabilities, rights, privileges, and ongoing projects, ensuring continuity and full protection for creditors and stakeholders.\n\u201cThis integration is anticipated to enhance operational scale, optimize cost management, and support sustainable long-term growth,\u201d CDC said.\nMeanwhile, CDC said there is no timetable yet for the implementation of the merger as it is still awaiting corporate and regulatory approvals, including from the Securities and Exchange Commission and the Philippine Competition Commission.\nThe merger is subject to the approval of the stockholders of both CDC and LAND during their respective stockholders\u2019 meetings on Oct. 9 and Oct. 10, respectively.\nCDC and LAND are both engaged in the development of land for residential, office, commercial, institutional, and industrial uses.\nSome of CDC\u2019s projects include the 50-story CityNorth Tower condominium in Quezon City and the 24-story Pioneer Heights 1 condominium in Mandaluyong City.\nLAND\u2019s projects include the 40-story One Hidalgo condominium in Malate and the 40-story One Taft Residences condominium in Taft.\nOn Wednesday, CDC shares rose 3.45% or two centavos to 60 centavos apiece, while LAND stocks gained 8.62% or five centavos to 63 centavos per share. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-28T00:01:35+08:00", "date_modified": "2025-08-27T20:35:52+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2024/08/CITY-NORTH-TOWER.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate" ] }, { "id": "/?p=694148", "url": "/stock-market/2025/08/27/694148/phl-shares-rebound-before-bsp-policy-meeting/", "title": "PHL shares rebound before BSP policy meeting", "content_html": "STOCKS rebounded on Wednesday on bargain hunting before the Bangko Sentral ng Pilipinas\u2019 (BSP) widely expected rate cut on Thursday.
\nThe bellwether Philippine Stock Exchange index (PSEi) jumped by 2.08% or 128.10 points to end at 6,273.34, while the broader all shares index went up by 1.26% or 46.52 points to close at 3,731.07.
\n\u201cThe local market bounced back this Wednesday fueled by bargain hunting. Hopes of a Bangko Sentral ng Pilipinas rate cut in their upcoming Monetary Board meeting this week also helped in the rebound,\u201d Philstocks Financial Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message.
\n\u201cThe market saw buyers take charge today after yesterday\u2019s dip,\u201d Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message. \u201cInvestors likely viewed yesterday\u2019s prices as a bargain buying opportunity, pushing prices and the market higher together with investors positioning for the upcoming BSP meeting.\u201d
\nAll 20 analysts in a 大象传媒 poll expect the Monetary Board to reduce the policy rate by 25 basis points (bp) to 5% at its meeting on Thursday.
\nThis would be the BSP\u2019s third consecutive 25-bp cut since April. It has lowered benchmark interest rates by a total of 125 bps since it began its easing cycle in August 2024.
\nBSP Governor Eli M. Remolona, Jr. earlier said a cut is \u201cquite likely\u201d at this week\u2019s meeting and another reduction is also on the table for the remainder of the year as inflation is likely to stay within the 2-4% annual target.
\nAfter Thursday\u2019s review, the Monetary Board\u2019s remaining meetings for this year are scheduled for Oct. 9 and Dec. 11.
\nInflation sharply eased to a near six-year low of 0.9% in July from 1.4% in June, bringing the seven-month average to 1.7%, a tad higher than the central bank\u2019s 1.6% forecast but below its 2-4% target.
\nAlmost all sectoral indices closed in the green on Wednesday. Services surged by 3.96% or 85.37 points to 2,237.06; financials jumped by 3.52% or 72.41 points to 2,124.81; property increased by 2.71% or 66.15 points to 2,504.18; mining and oil climbed by 2.41% or 231.08 points to 9,819.82; and industrials rose by 0.32% or 29.84 points to 9,133.01.
\nMeanwhile, holding firms dropped by 0.51% or 26.76 points to 5,157.03.
\n\u201cInternational Container Terminal Services, Inc. was the top index gainer, jumping 7.02% to P485. Aboitiz Equity Ventures, Inc. was the main index laggard, falling 3.4% to P29.80,\u201d Mr. Tantiangco said.
\nValue turnover fell to P8.65 billion on Wednesday with 890.43 million shares traded from P14.32 billion with 1.55 billion shares exchanged on Tuesday.
\nAdvancers bested decliners, 117 versus 100, while 39 names closed unchanged.
\nNet foreign selling decreased to P41.42 million on Wednesday from P2.04 billion on Tuesday. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "STOCKS rebounded on Wednesday on bargain hunting before the Bangko Sentral ng Pilipinas\u2019 (BSP) widely expected rate cut on Thursday.\nThe bellwether Philippine Stock Exchange index (PSEi) jumped by 2.08% or 128.10 points to end at 6,273.34, while the broader all shares index went up by 1.26% or 46.52 points to close at 3,731.07.\n\u201cThe local market bounced back this Wednesday fueled by bargain hunting. Hopes of a Bangko Sentral ng Pilipinas rate cut in their upcoming Monetary Board meeting this week also helped in the rebound,\u201d Philstocks Financial Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message.\n\u201cThe market saw buyers take charge today after yesterday\u2019s dip,\u201d Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message. \u201cInvestors likely viewed yesterday\u2019s prices as a bargain buying opportunity, pushing prices and the market higher together with investors positioning for the upcoming BSP meeting.\u201d\nAll 20 analysts in a 大象传媒 poll expect the Monetary Board to reduce the policy rate by 25 basis points (bp) to 5% at its meeting on Thursday.\nThis would be the BSP\u2019s third consecutive 25-bp cut since April. It has lowered benchmark interest rates by a total of 125 bps since it began its easing cycle in August 2024.\nBSP Governor Eli M. Remolona, Jr. earlier said a cut is \u201cquite likely\u201d at this week\u2019s meeting and another reduction is also on the table for the remainder of the year as inflation is likely to stay within the 2-4% annual target.\nAfter Thursday\u2019s review, the Monetary Board\u2019s remaining meetings for this year are scheduled for Oct. 9 and Dec. 11.\nInflation sharply eased to a near six-year low of 0.9% in July from 1.4% in June, bringing the seven-month average to 1.7%, a tad higher than the central bank\u2019s 1.6% forecast but below its 2-4% target.\nAlmost all sectoral indices closed in the green on Wednesday. Services surged by 3.96% or 85.37 points to 2,237.06; financials jumped by 3.52% or 72.41 points to 2,124.81; property increased by 2.71% or 66.15 points to 2,504.18; mining and oil climbed by 2.41% or 231.08 points to 9,819.82; and industrials rose by 0.32% or 29.84 points to 9,133.01. \nMeanwhile, holding firms dropped by 0.51% or 26.76 points to 5,157.03.\n\u201cInternational Container Terminal Services, Inc. was the top index gainer, jumping 7.02% to P485. Aboitiz Equity Ventures, Inc. was the main index laggard, falling 3.4% to P29.80,\u201d Mr. Tantiangco said.\nValue turnover fell to P8.65 billion on Wednesday with 890.43 million shares traded from P14.32 billion with 1.55 billion shares exchanged on Tuesday.\nAdvancers bested decliners, 117 versus 100, while 39 names closed unchanged.\nNet foreign selling decreased to P41.42 million on Wednesday from P2.04 billion on Tuesday. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-27T21:00:32+08:00", "date_modified": "2025-08-27T18:36:53+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2021/08/PSE-bell-1.jpg", "tags": [ "Revin Mikhael D. Ochave", "Editors' Picks", "One News", "Stock Market", "大象传媒" ] }, { "id": "/?p=693964", "url": "/corporate/2025/08/27/693964/fni-shares-plunge-after-sys-arrest-company-says-contingency-ready/", "title": "FNI shares plunge after Sy\u2019s arrest; company says contingency ready", "content_html": "By Revin Mikhael D. Ochave, Reporter
\nSHARES of Global Ferronickel Holdings, Inc. (FNI) fell on Tuesday as investors reacted to the arrest of the mining company\u2019s chairman, Joseph C. Sy, over allegations that he misrepresented his citizenship.
\nFNI shares sank by 12.14% or 17 centavos to P1.23 apiece at the close of Tuesday\u2019s trading.
\n\u201cMost likely the decline in the share price of FNI is related to the arrest of its chairman, Joseph C. Sy, due to alleged immigration violations,\u201d AP Securities, Inc. Research Head Alfred Benjamin R. Garcia said in a Viber message.
\n\u201cMost likely sentiment towards the company won\u2019t improve until the issue is resolved,\u201d he added.
\nIn separate stock exchange disclosures on Tuesday, FNI said Mr. Sy has been placed under detention by the Bureau of Immigration (BI) over an allegation of being an \u201coverstaying alien.\u201d
\nMr. Sy, arrested on Aug. 21, now faces a deportation case for misrepresentation.
\nHowever, FNI said the charge has \u201cno lawful basis\u201d since Mr. Sy is a Filipino citizen, as affirmed in multiple rulings by various government agencies, including the BI, the Department of Justice, the Office of the President, the Securities and Exchange Commission, and the Supreme Court.
\nFNI also said that Mr. Sy has formally disputed the BI\u2019s allegation through a motion to dismiss filed with the BI.
\n\u201cWe are confident that this matter will be resolved in accordance with the rule of law. In the meantime, we assure all stakeholders that the operations of FNI and its subsidiaries remain stable, unaffected, and fully compliant with all applicable regulations,\u201d FNI said.
\nFNI also noted that Mr. Sy has never been involved in any criminal activity, describing him as a longstanding, multi-awarded business leader whose initiatives have created livelihood opportunities and socio-economic infrastructure for communities.
\nMeanwhile, FNI said it has initiated an internal review regarding the matter involving Mr. Sy.
\nIf Mr. Sy is deemed an alien, FNI said it is ready to comply with national requirements through the divestment of his shareholdings to qualified holders, as well as coordinating with regulatory agencies to meet all legal and administrative obligations.
\nThe company said it will also implement corporate actions to ensure the continuity of leadership and business operations.
\n\u201cThe citizenship case involving Mr. Joseph Sy pertains to him in his personal capacity. FNI, as a corporation, has a separate and independent juridical personality from its shareholders and officers. The company continues to operate in the ordinary course of business with its full management and organizational complement,\u201d it said.
\nFNI is engaged in nickel ore mining, logistics, cement and steel production, and port operations.
\n", "content_text": "By Revin Mikhael D. Ochave, Reporter\nSHARES of Global Ferronickel Holdings, Inc. (FNI) fell on Tuesday as investors reacted to the arrest of the mining company\u2019s chairman, Joseph C. Sy, over allegations that he misrepresented his citizenship.\nFNI shares sank by 12.14% or 17 centavos to P1.23 apiece at the close of Tuesday\u2019s trading.\n\u201cMost likely the decline in the share price of FNI is related to the arrest of its chairman, Joseph C. Sy, due to alleged immigration violations,\u201d AP Securities, Inc. Research Head Alfred Benjamin R. Garcia said in a Viber message.\n\u201cMost likely sentiment towards the company won\u2019t improve until the issue is resolved,\u201d he added.\nIn separate stock exchange disclosures on Tuesday, FNI said Mr. Sy has been placed under detention by the Bureau of Immigration (BI) over an allegation of being an \u201coverstaying alien.\u201d\nMr. Sy, arrested on Aug. 21, now faces a deportation case for misrepresentation.\nHowever, FNI said the charge has \u201cno lawful basis\u201d since Mr. Sy is a Filipino citizen, as affirmed in multiple rulings by various government agencies, including the BI, the Department of Justice, the Office of the President, the Securities and Exchange Commission, and the Supreme Court.\nFNI also said that Mr. Sy has formally disputed the BI\u2019s allegation through a motion to dismiss filed with the BI.\n\u201cWe are confident that this matter will be resolved in accordance with the rule of law. In the meantime, we assure all stakeholders that the operations of FNI and its subsidiaries remain stable, unaffected, and fully compliant with all applicable regulations,\u201d FNI said.\nFNI also noted that Mr. Sy has never been involved in any criminal activity, describing him as a longstanding, multi-awarded business leader whose initiatives have created livelihood opportunities and socio-economic infrastructure for communities.\nMeanwhile, FNI said it has initiated an internal review regarding the matter involving Mr. Sy.\nIf Mr. Sy is deemed an alien, FNI said it is ready to comply with national requirements through the divestment of his shareholdings to qualified holders, as well as coordinating with regulatory agencies to meet all legal and administrative obligations.\nThe company said it will also implement corporate actions to ensure the continuity of leadership and business operations.\n\u201cThe citizenship case involving Mr. Joseph Sy pertains to him in his personal capacity. FNI, as a corporation, has a separate and independent juridical personality from its shareholders and officers. The company continues to operate in the ordinary course of business with its full management and organizational complement,\u201d it said.\nFNI is engaged in nickel ore mining, logistics, cement and steel production, and port operations.", "date_published": "2025-08-27T00:11:16+08:00", "date_modified": "2025-08-26T21:12:54+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2025/08/JOSEPH-C.-SY.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate", "Editors' Picks" ], "summary": "SHARES of Global Ferronickel Holdings, Inc. (FNI) fell on Tuesday as investors reacted to the arrest of the mining company\u2019s chairman, Joseph C. Sy, over allegations that he misrepresented his citizenship." }, { "id": "/?p=693900", "url": "/corporate/2025/08/27/693900/hann-holdings-says-timing-not-fundamentals-behind-ipo-deferral/", "title": "Hann Holdings says timing, not fundamentals, behind IPO deferral", "content_html": "HANN HOLDINGS, INC. said its decision to defer its P13-billion initial public offering (IPO), originally scheduled for listing next month, aims to protect investors until market conditions improve.
\n\u201cWe believe it is in the best interests of our investors and stakeholders to enter the market when conditions will allow for a fair reflection of the value we have created and the opportunities ahead,\u201d Hann Holdings Chairman, President, and Chief Executive Officer Dae Sik Han said in an e-mailed statement on Tuesday.
\n\u201cOur decision to defer the offering and listing is a matter of timing, not fundamentals. The strength of our business, our growth pipeline, and our long-term strategy remain firmly intact,\u201d he added.
\nHann Holdings, which operates the Hann Casino Resort in Clark, Pampanga, was supposed to be the second IPO this year, following Cebu-based fuel retailer and distributor Top Line Business Development Corp. The Philippine Stock Exchange expects six IPOs this year.
\nThe company said it intends to proceed with the public listing at an \u201copportune time when market and industry conditions are more favorable.\u201d
\n\u201cIn the meantime, we remain fully committed to executing our business plans, advancing our strategic initiatives, and maintaining governance and disclosure practices at the highest level,\u201d Mr. Han said.
\n\u201cWhen the right window emerges, we are confident that our listing will be a catalyst for further growth,\u201d he added.
\nLast week, various news outlets reported that Hann Holdings opted to defer its IPO, citing market conditions. This reversed the company\u2019s stance earlier this month when it said there was no expected pushback on its public listing.
\nAccording to the company, its stock market debut was postponed after consultations with advisers and stakeholders.
\n\u201cThe company continues to execute strongly on its business strategy and growth initiatives. However, it believes that current market conditions do not allow for an offering outcome that would accurately reflect its intrinsic value and long-term prospects,\u201d it said.
\n\u201cAgainst this backdrop, Hann Holdings has acted decisively to protect investor value by deferring its listing until conditions are more conducive,\u201d it added.
\nHann Holdings\u2019 IPO consists of a primary offer of up to 500 million common shares and an overallotment option of up to 50 million secondary common shares, priced at up to P23.60 apiece. The overallotment option will be offered by Hann Holdings\u2019 parent company, Hann Group Holdings W.L.L.
\nThe offer period was supposed to run from Sept. 9 to 15, with listing on Sept. 23, according to the latest prospectus dated July 31.
\nHann Holdings projected P11.43 billion in net proceeds, which will fund the development and expansion plans of Hann Philippines, Inc., as well as general corporate purposes.
\nThe company tapped CLSA Ltd. as the sole global coordinator for the IPO. It will also serve as joint bookrunner, together with domestic underwriters Asia United Bank Corp., BDO Capital & Investment Corp., China Bank Capital Corp., and PNB Capital and Investment Corp. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "HANN HOLDINGS, INC. said its decision to defer its P13-billion initial public offering (IPO), originally scheduled for listing next month, aims to protect investors until market conditions improve.\n\u201cWe believe it is in the best interests of our investors and stakeholders to enter the market when conditions will allow for a fair reflection of the value we have created and the opportunities ahead,\u201d Hann Holdings Chairman, President, and Chief Executive Officer Dae Sik Han said in an e-mailed statement on Tuesday.\n\u201cOur decision to defer the offering and listing is a matter of timing, not fundamentals. The strength of our business, our growth pipeline, and our long-term strategy remain firmly intact,\u201d he added.\nHann Holdings, which operates the Hann Casino Resort in Clark, Pampanga, was supposed to be the second IPO this year, following Cebu-based fuel retailer and distributor Top Line Business Development Corp. The Philippine Stock Exchange expects six IPOs this year.\nThe company said it intends to proceed with the public listing at an \u201copportune time when market and industry conditions are more favorable.\u201d\n\u201cIn the meantime, we remain fully committed to executing our business plans, advancing our strategic initiatives, and maintaining governance and disclosure practices at the highest level,\u201d Mr. Han said.\n\u201cWhen the right window emerges, we are confident that our listing will be a catalyst for further growth,\u201d he added.\nLast week, various news outlets reported that Hann Holdings opted to defer its IPO, citing market conditions. This reversed the company\u2019s stance earlier this month when it said there was no expected pushback on its public listing.\nAccording to the company, its stock market debut was postponed after consultations with advisers and stakeholders.\n\u201cThe company continues to execute strongly on its business strategy and growth initiatives. However, it believes that current market conditions do not allow for an offering outcome that would accurately reflect its intrinsic value and long-term prospects,\u201d it said.\n\u201cAgainst this backdrop, Hann Holdings has acted decisively to protect investor value by deferring its listing until conditions are more conducive,\u201d it added.\nHann Holdings\u2019 IPO consists of a primary offer of up to 500 million common shares and an overallotment option of up to 50 million secondary common shares, priced at up to P23.60 apiece. The overallotment option will be offered by Hann Holdings\u2019 parent company, Hann Group Holdings W.L.L.\nThe offer period was supposed to run from Sept. 9 to 15, with listing on Sept. 23, according to the latest prospectus dated July 31. \nHann Holdings projected P11.43 billion in net proceeds, which will fund the development and expansion plans of Hann Philippines, Inc., as well as general corporate purposes.\nThe company tapped CLSA Ltd. as the sole global coordinator for the IPO. It will also serve as joint bookrunner, together with domestic underwriters Asia United Bank Corp., BDO Capital & Investment Corp., China Bank Capital Corp., and PNB Capital and Investment Corp. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-27T00:10:08+08:00", "date_modified": "2025-08-26T21:09:09+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2025/08/Hann-Resorts-Facade.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate", "Editors' Picks" ] }, { "id": "/?p=693899", "url": "/corporate/2025/08/27/693899/doubledragon-readies-p10-9-b-bond-issue-as-bsp-rate-decision-approaches/", "title": "DoubleDragon readies P10.9-B bond issue as BSP rate decision approaches", "content_html": "LISTED DoubleDragon Corp. (DD) is preparing to launch a bond offer of up to P10.9 billion in September as the Bangko Sentral ng Pilipinas (BSP) is set to decide on policy rates later this week.
\n\u201cThis proposed DD double-seven retail bond issuance is expected to be boosted by the expected upcoming BSP interest rate reduction this week,\u201d DD said in a regulatory filing on Tuesday.
\nDD said it expects the bond issuance to \u201cdemonstrate a positive (and) robust capital market in the Philippines.\u201d
\nThe bonds will carry a 7.7% interest rate with maturities of 3.5 years and 5.5 years.
\n\u201cThe double-seven 7.7% interest rate signifies number 7 twice, as 7 is a number believed by many as lucky and the number forms similar to the shape of an auspicious dragon,\u201d DD said.
\nA 大象传媒 poll conducted last week involving 20 analysts showed that the Monetary Board is expected to cut the target reverse repurchase rate by 25 basis points at its policy meeting on Aug. 28.
\nIf implemented, this would bring the benchmark rate down to 5% from the current 5.25%.
\nThe BSP is expected to further reduce interest rates after Philippine inflation fell to a near six-year low of 0.9% in July.
\nThe planned DD bond issuance will be drawn from the company\u2019s bond program, which was approved by the Securities and Exchange Commission through shelf registration in 2024.
\nIt secured the highest PRS Aaa credit rating from the Philippine Rating Services Corp.
\n\u201cThis retail bond tranche was decided to be issued earlier to capitalize on the September 2025 issuance window, during which the DD double-seven peso retail bond will be the only bond offering in the market,\u201d DD said.
\nDD shares rose by 0.82% or eight centavos to P9.80 apiece on Tuesday. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "LISTED DoubleDragon Corp. (DD) is preparing to launch a bond offer of up to P10.9 billion in September as the Bangko Sentral ng Pilipinas (BSP) is set to decide on policy rates later this week.\n\u201cThis proposed DD double-seven retail bond issuance is expected to be boosted by the expected upcoming BSP interest rate reduction this week,\u201d DD said in a regulatory filing on Tuesday.\nDD said it expects the bond issuance to \u201cdemonstrate a positive (and) robust capital market in the Philippines.\u201d\nThe bonds will carry a 7.7% interest rate with maturities of 3.5 years and 5.5 years.\n\u201cThe double-seven 7.7% interest rate signifies number 7 twice, as 7 is a number believed by many as lucky and the number forms similar to the shape of an auspicious dragon,\u201d DD said.\nA 大象传媒 poll conducted last week involving 20 analysts showed that the Monetary Board is expected to cut the target reverse repurchase rate by 25 basis points at its policy meeting on Aug. 28.\nIf implemented, this would bring the benchmark rate down to 5% from the current 5.25%.\nThe BSP is expected to further reduce interest rates after Philippine inflation fell to a near six-year low of 0.9% in July.\nThe planned DD bond issuance will be drawn from the company\u2019s bond program, which was approved by the Securities and Exchange Commission through shelf registration in 2024.\nIt secured the highest PRS Aaa credit rating from the Philippine Rating Services Corp.\n\u201cThis retail bond tranche was decided to be issued earlier to capitalize on the September 2025 issuance window, during which the DD double-seven peso retail bond will be the only bond offering in the market,\u201d DD said.\nDD shares rose by 0.82% or eight centavos to P9.80 apiece on Tuesday. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-27T00:09:07+08:00", "date_modified": "2025-08-26T21:08:15+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2023/04/HOTEL101-GLOBAL.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate", "Editors' Picks" ] }, { "id": "/?p=693898", "url": "/corporate/2025/08/27/693898/phl-startups-enstack-netbank-xpress-cited-in-forbes-asias-100-to-watch-list/", "title": "PHL startups Enstack, Netbank, Xpress cited in Forbes Asia\u2019s 100 to Watch list", "content_html": "THREE PHILIPPINE STARTUPS were cited in the 2025 edition of Forbes Asia\u2019s 100 to Watch list, which features rising small companies across the Asia-Pacific region.
\nThe list, now in its fifth annual edition, included Philippine companies namely e-commerce and retail management app Enstack, banking solutions provider Netbank, Inc., and ride-hailing startup Xpress Super App.
\n\u201cThe 100 to Watch list offers a window into the vibrant world of startups and small companies in the Asia-Pacific region,\u201d Forbes Asia said in a statement on Tuesday.
\nFounded in 2021, Enstack offers an artificial intelligence (AI)-assisted app that helps small and mid-sized businesses design web stores, write product blurbs, manage invoices and payments, ship packages, and track inventory.
\nThe company, which expanded to Thailand this year, has raised $3 million in total funding from a range of backers, including Xendit, Mangrove Capital Partners, BlackPine, and Unifier Ventures.
\nNetbank provides digital financial services, including loan management, payments, and disbursements, after acquiring a rural bank in 2019. Its clients include Smart Money, TikTok, and Lazada. It is backed by Beenext and Kaya Founders.
\nFor the first half, Netbank posted a P22.2-million net profit ($390,000), a turnaround from the P34.9-million loss a year earlier, driven by loan growth and higher deposits.
\nXpress, established in 2022, offers ride-hailing, delivery, and courier services. The company plans to add flight and ferry bookings, reservations for activities, and a digital payment option. It was co-founded by PJ Lhuillier Group President and Chief Executive Officer Jean Henri D. Lhuillier and AppFactorie founder Nathan Taylor.
\nIn May, Xpress launched 40 BYD electric and hybrid vehicles for hire, with plans to further expand its green fleet. The Xpress app has over 100,000 downloads on Google Play, while a separate app for its driver community has over 10,000 installs.
\nForbes Asia Editorial Director Rana Wehbe Watson said the 100 startups on the list have raised a total of nearly $3 billion in funding to date.
\n\u201cOur fifth annual Forbes Asia 100 to Watch list showcases a range of innovative startups in fields including biotech, spacetech and green tech. They are utilizing advanced technologies like AI to enhance their products, which include gene-editing tools and propulsion systems for spacecraft,\u201d Ms. Watson said.
\nThe 100 to Watch list covered 16 countries and territories in Asia-Pacific, led by India with 18 companies, followed by Singapore and Japan with 14 each, China with nine, Indonesia and South Korea with eight each, and Australia with seven.
\nBiotechnology and healthcare accounted for the largest share among sectors with 18 companies, followed by enterprise technology and robotics with 16 each.
\nFor the selection of companies in the list, Forbes Asia solicited online submissions and invited accelerators, incubators, universities, venture capitalists, and others to nominate companies.
\nTo qualify, companies must be based in the Asia-Pacific region, be privately owned for-profit ventures, and have no more than $50 million in annual revenue and no more than $100 million in total funding as of Aug. 15. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "THREE PHILIPPINE STARTUPS were cited in the 2025 edition of Forbes Asia\u2019s 100 to Watch list, which features rising small companies across the Asia-Pacific region.\nThe list, now in its fifth annual edition, included Philippine companies namely e-commerce and retail management app Enstack, banking solutions provider Netbank, Inc., and ride-hailing startup Xpress Super App.\n\u201cThe 100 to Watch list offers a window into the vibrant world of startups and small companies in the Asia-Pacific region,\u201d Forbes Asia said in a statement on Tuesday.\nFounded in 2021, Enstack offers an artificial intelligence (AI)-assisted app that helps small and mid-sized businesses design web stores, write product blurbs, manage invoices and payments, ship packages, and track inventory.\nThe company, which expanded to Thailand this year, has raised $3 million in total funding from a range of backers, including Xendit, Mangrove Capital Partners, BlackPine, and Unifier Ventures.\nNetbank provides digital financial services, including loan management, payments, and disbursements, after acquiring a rural bank in 2019. Its clients include Smart Money, TikTok, and Lazada. It is backed by Beenext and Kaya Founders.\nFor the first half, Netbank posted a P22.2-million net profit ($390,000), a turnaround from the P34.9-million loss a year earlier, driven by loan growth and higher deposits.\nXpress, established in 2022, offers ride-hailing, delivery, and courier services. The company plans to add flight and ferry bookings, reservations for activities, and a digital payment option. It was co-founded by PJ Lhuillier Group President and Chief Executive Officer Jean Henri D. Lhuillier and AppFactorie founder Nathan Taylor.\nIn May, Xpress launched 40 BYD electric and hybrid vehicles for hire, with plans to further expand its green fleet. The Xpress app has over 100,000 downloads on Google Play, while a separate app for its driver community has over 10,000 installs.\nForbes Asia Editorial Director Rana Wehbe Watson said the 100 startups on the list have raised a total of nearly $3 billion in funding to date.\n\u201cOur fifth annual Forbes Asia 100 to Watch list showcases a range of innovative startups in fields including biotech, spacetech and green tech. They are utilizing advanced technologies like AI to enhance their products, which include gene-editing tools and propulsion systems for spacecraft,\u201d Ms. Watson said.\nThe 100 to Watch list covered 16 countries and territories in Asia-Pacific, led by India with 18 companies, followed by Singapore and Japan with 14 each, China with nine, Indonesia and South Korea with eight each, and Australia with seven.\nBiotechnology and healthcare accounted for the largest share among sectors with 18 companies, followed by enterprise technology and robotics with 16 each.\nFor the selection of companies in the list, Forbes Asia solicited online submissions and invited accelerators, incubators, universities, venture capitalists, and others to nominate companies.\nTo qualify, companies must be based in the Asia-Pacific region, be privately owned for-profit ventures, and have no more than $50 million in annual revenue and no more than $100 million in total funding as of Aug. 15. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-27T00:08:07+08:00", "date_modified": "2025-08-26T21:07:53+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2025/02/Enstack.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate" ] }, { "id": "/?p=693846", "url": "/stock-market/2025/08/26/693846/psei-tumbles-to-four-month-low-on-tariff-threats/", "title": "PSEi tumbles to four-month low on tariff threats", "content_html": "PHILIPPINE SHARES plummeted on Tuesday, with the benchmark index falling to the 6,100 level and hitting a four-month low, following US President Donald J. Trump\u2019s latest tariff threats.\u00a0
\nThe bellwether Philippine Stock Exchange index (PSEi) fell by 2.17% or 136.34 points to close at 6,145.24, while the broader all shares index dropped by 1.41% or 53.03 points to end at 3,684.55.
\nThis was the PSEi\u2019s worst close in over four months or since it finished at 6,138 on April 21.
\n\u201cThe local market started the week on a negative tone as the US\u2019 latest tariff threats weighed on sentiment. US President Donald Trump warned of significant tariffs against China if the country would not export rare earth magnets to the US,\u201d Philstocks Financial Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message.
\n\u201cThe US President also warned of additional tariffs to countries that would not remove taxes and other measures on digital services,\u201d he added.
\nOn Monday, Mr. Trump said China had to give the United States rare earth magnets or \u201cwe have to charge them 200% tariff or something,\u201d Reuters reported.
\nSenior Chinese trade negotiator Li Chenggang is expected to travel to Washington this week to meet US officials, a United States government spokesperson said, with the two superpowers looking to chart a path beyond their current truce.
\nMr. Trump also threatened countries that have digital taxes with \u201csubsequent additional tariffs\u201d on their goods if those nations do not remove such legislation.
\n\u201cThe market saw a decline today as most stocks were weighed down by heavy selling pressure,\u201d Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.
\n\u201cInvestors are positioning ahead of the Bangko Sentral ng Pilipinas\u2019 (BSP) policy rate decision this week, with all eyes on how the stock market will react once the central bank\u2019s move is confirmed,\u201d he added. The BSP is widely expected to deliver a third straight 25-basis-point cut at the Monetary Board\u2019s policy meeting on Thursday.
\nAlmost all sectoral indices closed lower on Tuesday. Services fell by 5.46% or 124.49 points to 2,151.69; financials sank by 3.02% or 64.05 points to 2,052.40; holding firms went down by 0.41% or 21.67 points to 5,183.79; property declined by 0.26% or 6.43 points to 2,438.03; and industrials retreated by 0.1% or 9.75 points to 9,103.17.\u00a0
\nMeanwhile, mining and oil rose by 1.04% or 99.50 points to 9,588.74.\u00a0
\n\u201cAyala Land, Inc. was the top index gainer for the day, jumping 5.17% to P28.50. BDO Unibank, Inc. was the worst index performer, plunging 7.99% to P131.20,\u201d Mr. Tantiangco said.
\nValue turnover jumped to P14.32 billion on Tuesday with 1.55 billion shares traded from the P6.44 billion with 803.64 million shares exchanged on Friday.
\nDecliners outnumbered advancers, 112 versus 81, while 64 names were unchanged.
\nNet foreign selling swelled to P2.04 billion on Tuesday from P721.91 million on Friday. \u2014 Revin Mikhael D. Ochave with Reuters
\n", "content_text": "PHILIPPINE SHARES plummeted on Tuesday, with the benchmark index falling to the 6,100 level and hitting a four-month low, following US President Donald J. Trump\u2019s latest tariff threats.\u00a0\nThe bellwether Philippine Stock Exchange index (PSEi) fell by 2.17% or 136.34 points to close at 6,145.24, while the broader all shares index dropped by 1.41% or 53.03 points to end at 3,684.55.\nThis was the PSEi\u2019s worst close in over four months or since it finished at 6,138 on April 21.\n\u201cThe local market started the week on a negative tone as the US\u2019 latest tariff threats weighed on sentiment. US President Donald Trump warned of significant tariffs against China if the country would not export rare earth magnets to the US,\u201d Philstocks Financial Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message.\n\u201cThe US President also warned of additional tariffs to countries that would not remove taxes and other measures on digital services,\u201d he added.\nOn Monday, Mr. Trump said China had to give the United States rare earth magnets or \u201cwe have to charge them 200% tariff or something,\u201d Reuters reported.\nSenior Chinese trade negotiator Li Chenggang is expected to travel to Washington this week to meet US officials, a United States government spokesperson said, with the two superpowers looking to chart a path beyond their current truce.\nMr. Trump also threatened countries that have digital taxes with \u201csubsequent additional tariffs\u201d on their goods if those nations do not remove such legislation.\n\u201cThe market saw a decline today as most stocks were weighed down by heavy selling pressure,\u201d Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.\n\u201cInvestors are positioning ahead of the Bangko Sentral ng Pilipinas\u2019 (BSP) policy rate decision this week, with all eyes on how the stock market will react once the central bank\u2019s move is confirmed,\u201d he added. The BSP is widely expected to deliver a third straight 25-basis-point cut at the Monetary Board\u2019s policy meeting on Thursday.\nAlmost all sectoral indices closed lower on Tuesday. Services fell by 5.46% or 124.49 points to 2,151.69; financials sank by 3.02% or 64.05 points to 2,052.40; holding firms went down by 0.41% or 21.67 points to 5,183.79; property declined by 0.26% or 6.43 points to 2,438.03; and industrials retreated by 0.1% or 9.75 points to 9,103.17.\u00a0\nMeanwhile, mining and oil rose by 1.04% or 99.50 points to 9,588.74.\u00a0\n\u201cAyala Land, Inc. was the top index gainer for the day, jumping 5.17% to P28.50. BDO Unibank, Inc. was the worst index performer, plunging 7.99% to P131.20,\u201d Mr. Tantiangco said.\nValue turnover jumped to P14.32 billion on Tuesday with 1.55 billion shares traded from the P6.44 billion with 803.64 million shares exchanged on Friday.\nDecliners outnumbered advancers, 112 versus 81, while 64 names were unchanged.\nNet foreign selling swelled to P2.04 billion on Tuesday from P721.91 million on Friday. \u2014 Revin Mikhael D. Ochave with Reuters", "date_published": "2025-08-26T21:00:22+08:00", "date_modified": "2025-08-26T18:35:12+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2021/09/PSE-board.jpg", "tags": [ "Revin Mikhael D. Ochave", "Editors' Picks", "One News", "Stock Market", "大象传媒" ] }, { "id": "/?p=693619", "url": "/corporate/2025/08/26/693619/sec-issues-cease-and-desist-orders-vs-7-lending-platforms/", "title": "SEC issues cease-and-desist orders vs 7 lending platforms", "content_html": "THE Securities and Exchange Commission (SEC) has issued cease-and-desist orders against seven entities accused of operating online lending platforms (OLPs) without the required registration.
\nIn a statement on Monday, the SEC said its Financing and Lending Companies Division (FinLend) issued separate orders dated Aug. 15 against Cash Konek, Pesosuki, Yescom Lending-Quick Cash Loan, Peso101-Fast Loans PH, Peso Cow-Mabilis Pera Loan, Swiftloan: Loan App Philippines, and Pera Loan: Fast Cash PH.
\nThe regulator directed the entities, including their owners, operators, promoters, representatives, agents, and others acting on their behalf, to stop offering, promoting, or facilitating lending-related transactions until they secure the necessary registration and approval.
\n\u201cIn light of the [companies\u2019] continued unauthorized operation of [their OLPs], the commission finds it necessary to issue [these cease-and-desist orders] in order to prevent further harm or prejudice to the public, and to safeguard the integrity of the regulatory framework governing lending companies,\u201d the orders read.
\nThe commission said the operation of unrecorded OLPs violates SEC Memorandum Circular (MC) No. 19 issued in September 2019 that requires financing and lending firms to disclose their OLPs, as well as the moratorium on the registration of new OLPs imposed under MC No. 10 issued in November 2021.
\nUnder Republic Act No. 11765 or the Financial Products and Services Consumer Protection Act, the SEC is authorized to impose enforcement actions, such as a cease-and-desist order, against financial service providers for noncompliance.
\n\u201cThe companies\u2019 operations of unregistered and undisclosed OLPs circumvent the commission\u2019s regulatory and supervisory authority, thereby exposing the general public to potential risks, such as abusive and unfair debt collection practices, unjust interest rates, and violation of data privacy rights,\u201d the SEC said.
\nThe SEC has been intensifying its monitoring and enforcement efforts on both registered and illegal online lending platforms.
\nIn June, the SEC FinLend issued an order directing companies operating online platforms and mobile applications to provide landline numbers for both their principal offices and branches to strengthen the commission\u2019s monitoring of financing and lending companies.
\nThe company\u2019s name and address must match those declared in its articles of incorporation, the order said.
\n\u201cThe SEC is mandated to carry out the state\u2019s policy under the Financing Company Act (FCA) and Lending Company Regulation Act (LCRA) to, among others, regulate the establishment of financing and lending companies to place their operation on a sound, efficient, and stable condition to derive the optimum advantages from them as an additional source of credits, and to prevent and mitigate, as far as practicable, practices prejudicial to the public interest,\u201d the order said.
\n大象传媒 was unable to reach Cash Konek, Pesosuki, Swiftloan, Pera Loan, Peso101, and Peso Cow, as their websites and Facebook pages could not be found.
\nYescom Lending-Quick Cash Loan had yet to respond to 大象传媒\u2019s e-mailed request for comment as of press time. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "THE Securities and Exchange Commission (SEC) has issued cease-and-desist orders against seven entities accused of operating online lending platforms (OLPs) without the required registration.\nIn a statement on Monday, the SEC said its Financing and Lending Companies Division (FinLend) issued separate orders dated Aug. 15 against Cash Konek, Pesosuki, Yescom Lending-Quick Cash Loan, Peso101-Fast Loans PH, Peso Cow-Mabilis Pera Loan, Swiftloan: Loan App Philippines, and Pera Loan: Fast Cash PH.\nThe regulator directed the entities, including their owners, operators, promoters, representatives, agents, and others acting on their behalf, to stop offering, promoting, or facilitating lending-related transactions until they secure the necessary registration and approval.\n\u201cIn light of the [companies\u2019] continued unauthorized operation of [their OLPs], the commission finds it necessary to issue [these cease-and-desist orders] in order to prevent further harm or prejudice to the public, and to safeguard the integrity of the regulatory framework governing lending companies,\u201d the orders read.\nThe commission said the operation of unrecorded OLPs violates SEC Memorandum Circular (MC) No. 19 issued in September 2019 that requires financing and lending firms to disclose their OLPs, as well as the moratorium on the registration of new OLPs imposed under MC No. 10 issued in November 2021.\nUnder Republic Act No. 11765 or the Financial Products and Services Consumer Protection Act, the SEC is authorized to impose enforcement actions, such as a cease-and-desist order, against financial service providers for noncompliance.\n\u201cThe companies\u2019 operations of unregistered and undisclosed OLPs circumvent the commission\u2019s regulatory and supervisory authority, thereby exposing the general public to potential risks, such as abusive and unfair debt collection practices, unjust interest rates, and violation of data privacy rights,\u201d the SEC said.\nThe SEC has been intensifying its monitoring and enforcement efforts on both registered and illegal online lending platforms.\nIn June, the SEC FinLend issued an order directing companies operating online platforms and mobile applications to provide landline numbers for both their principal offices and branches to strengthen the commission\u2019s monitoring of financing and lending companies.\nThe company\u2019s name and address must match those declared in its articles of incorporation, the order said.\n\u201cThe SEC is mandated to carry out the state\u2019s policy under the Financing Company Act (FCA) and Lending Company Regulation Act (LCRA) to, among others, regulate the establishment of financing and lending companies to place their operation on a sound, efficient, and stable condition to derive the optimum advantages from them as an additional source of credits, and to prevent and mitigate, as far as practicable, practices prejudicial to the public interest,\u201d the order said.\n大象传媒 was unable to reach Cash Konek, Pesosuki, Swiftloan, Pera Loan, Peso101, and Peso Cow, as their websites and Facebook pages could not be found.\nYescom Lending-Quick Cash Loan had yet to respond to 大象传媒\u2019s e-mailed request for comment as of press time. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-26T00:05:40+08:00", "date_modified": "2025-08-25T19:31:25+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2023/03/SEC-HEADQUARTERS.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate", "Editors' Picks" ] }, { "id": "/?p=693616", "url": "/corporate/2025/08/26/693616/villar-led-retail-firms-report-weaker-second-quarter/", "title": "Villar-led retail firms report weaker second quarter", "content_html": "VILLAR-LED retail firms posted weaker second-quarter results due to slower sales amid a subdued property market and heightened competition.
\nHome improvement retailer AllHome Corp. saw a 49.5% drop in April-to-June net profit to P71.76 million from P142.08 million a year earlier, the company said in a regulatory filing.
\nSales fell by 22.1% to P2.23 billion from P2.86 billion the previous year, while the cost of merchandise sold also decreased by 22.2% to P1.38 billion.
\nFirst-half net income declined by 59.7% to P113.9 million from P282.43 million in the same period last year.
\nSales for the January-to-June period dropped by 28.9% to P4 billion, while the cost of merchandise sold fell by 29% to P2.48 billion due to lower sales.
\n\u201cThe decline was chiefly attributable to a subdued property market, which has historically been a significant driver of construction and furnishing-related expenditure,\u201d AllHome said.
\nMeanwhile, AllDay Marts, Inc., operator of AllDay Supermarkets, posted an 80% decline in second-quarter net profit to P18.01 million from P88.13 million a year earlier, the company said in a separate stock exchange disclosure.
\nNet sales fell by 40.3% to P1.4 billion from P2.47 billion last year, while the cost of merchandise sold likewise dropped by 40.3% to P1.17 billion.
\nFor the first half, AllDay recorded an 83.2% decrease in net income to P31.1 million from P185.13 million in the same period last year.
\nNet sales declined by 41.7% to P2.88 billion, while the cost of merchandise sold fell by 41.7% to P2.28 billion due to weaker sales.
\n\u201cSales decline due to heightened competition, shifting consumer preferences, and the continued rise in e-commerce, resulting in reduced in-store traffic,\u201d AllDay said.
\nOn Friday, AllHome shares rose by 3.26% or P0.015 to P0.475 apiece, while AllDay shares slipped by 1.15% or P0.001 to P0.086 each. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "VILLAR-LED retail firms posted weaker second-quarter results due to slower sales amid a subdued property market and heightened competition.\nHome improvement retailer AllHome Corp. saw a 49.5% drop in April-to-June net profit to P71.76 million from P142.08 million a year earlier, the company said in a regulatory filing.\nSales fell by 22.1% to P2.23 billion from P2.86 billion the previous year, while the cost of merchandise sold also decreased by 22.2% to P1.38 billion.\nFirst-half net income declined by 59.7% to P113.9 million from P282.43 million in the same period last year.\nSales for the January-to-June period dropped by 28.9% to P4 billion, while the cost of merchandise sold fell by 29% to P2.48 billion due to lower sales.\n\u201cThe decline was chiefly attributable to a subdued property market, which has historically been a significant driver of construction and furnishing-related expenditure,\u201d AllHome said.\nMeanwhile, AllDay Marts, Inc., operator of AllDay Supermarkets, posted an 80% decline in second-quarter net profit to P18.01 million from P88.13 million a year earlier, the company said in a separate stock exchange disclosure.\nNet sales fell by 40.3% to P1.4 billion from P2.47 billion last year, while the cost of merchandise sold likewise dropped by 40.3% to P1.17 billion.\nFor the first half, AllDay recorded an 83.2% decrease in net income to P31.1 million from P185.13 million in the same period last year.\nNet sales declined by 41.7% to P2.88 billion, while the cost of merchandise sold fell by 41.7% to P2.28 billion due to weaker sales.\n\u201cSales decline due to heightened competition, shifting consumer preferences, and the continued rise in e-commerce, resulting in reduced in-store traffic,\u201d AllDay said.\nOn Friday, AllHome shares rose by 3.26% or P0.015 to P0.475 apiece, while AllDay shares slipped by 1.15% or P0.001 to P0.086 each. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-26T00:02:39+08:00", "date_modified": "2025-08-25T19:30:15+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2023/05/AllHome-Libis.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate" ] }, { "id": "/?p=693615", "url": "/corporate/2025/08/26/693615/dali-operator-widens-net-loss-on-higher-costs-mounting-liabilities/", "title": "DALI operator widens net loss on higher costs, mounting liabilities", "content_html": "HARD DISCOUNT Philippines, Inc. (HDPI), the operator of DALI Everyday Grocery, widened its net loss by 5% to P1.97 billion in 2024 from P1.88 billion in 2023 as mounting liabilities and higher expenses weighed on its operations.
\nRevenue rose by 52.1% to P33.93 billion in 2024 from P22.31 billion in 2023 due to higher sales, DALI said in its audited financial statement for the year. Gross income also increased by 124% to P3.33 billion.
\nCost of sales grew by 46.9% to P30.59 billion, while operating expenses climbed by 60% to P4.81 billion.
\nHDPI said its total assets rose by 70% to P20.97 billion. However, total liabilities also surged by 110.8% to P20.25 billion.
\nCurrent liabilities, which reached P5.96 billion, exceeded current assets of P5.82 billion.
\nTotal equity fell by 73% to P728.76 million after the company\u2019s deficit widened by 60% to P5.24 billion.
\nHDPI\u2019s independent auditor SyCip Gorres Velayo & Co. (SGV) noted that the P5.24-billion deficit and higher current liabilities might cast doubt on the company\u2019s viability.
\n\u201cThese conditions indicate that material uncertainty exists that may cast significant doubt on the company\u2019s ability to continue as a going concern and, therefore, the company may be unable to realize its assets and discharge its liabilities in the normal course of business,\u201d SGV said in its independent auditor\u2019s report attached to the audited financial statement.
\nHowever, HDPI said it expects profit margins to improve over the next five years with the implementation of cost-efficiency measures.
\n\u201cManagement believes that with the projected improvement in net profit margin, the company will be able to generate sufficient cash flows from its operations to meet its obligations as and when they fall due,\u201d it said.
\nThe company also noted that stockholders had infused P7.56 billion in additional capital as of end-2024, recorded as deposits for future stock subscriptions, to support its operations.
\nHDPI is a subsidiary of Singapore-incorporated HDPM Sin Pte. Ltd., which focuses on the Southeast Asian market. The ultimate parent of HDPI is Switzerland-based Dali Discount AG. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "HARD DISCOUNT Philippines, Inc. (HDPI), the operator of DALI Everyday Grocery, widened its net loss by 5% to P1.97 billion in 2024 from P1.88 billion in 2023 as mounting liabilities and higher expenses weighed on its operations.\nRevenue rose by 52.1% to P33.93 billion in 2024 from P22.31 billion in 2023 due to higher sales, DALI said in its audited financial statement for the year. Gross income also increased by 124% to P3.33 billion.\nCost of sales grew by 46.9% to P30.59 billion, while operating expenses climbed by 60% to P4.81 billion.\nHDPI said its total assets rose by 70% to P20.97 billion. However, total liabilities also surged by 110.8% to P20.25 billion.\nCurrent liabilities, which reached P5.96 billion, exceeded current assets of P5.82 billion.\nTotal equity fell by 73% to P728.76 million after the company\u2019s deficit widened by 60% to P5.24 billion.\nHDPI\u2019s independent auditor SyCip Gorres Velayo & Co. (SGV) noted that the P5.24-billion deficit and higher current liabilities might cast doubt on the company\u2019s viability.\n\u201cThese conditions indicate that material uncertainty exists that may cast significant doubt on the company\u2019s ability to continue as a going concern and, therefore, the company may be unable to realize its assets and discharge its liabilities in the normal course of business,\u201d SGV said in its independent auditor\u2019s report attached to the audited financial statement.\nHowever, HDPI said it expects profit margins to improve over the next five years with the implementation of cost-efficiency measures.\n\u201cManagement believes that with the projected improvement in net profit margin, the company will be able to generate sufficient cash flows from its operations to meet its obligations as and when they fall due,\u201d it said.\nThe company also noted that stockholders had infused P7.56 billion in additional capital as of end-2024, recorded as deposits for future stock subscriptions, to support its operations.\nHDPI is a subsidiary of Singapore-incorporated HDPM Sin Pte. Ltd., which focuses on the Southeast Asian market. The ultimate parent of HDPI is Switzerland-based Dali Discount AG. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-26T00:01:38+08:00", "date_modified": "2025-08-25T19:29:54+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2023/02/Dali-Grocery-Store.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate" ] }, { "id": "/?p=693495", "url": "/stock-market/2025/08/25/693495/psei-to-rise-on-dovish-powell-speech-bsp-bets/", "title": "PSEi to rise on dovish Powell speech, BSP bets", "content_html": "SHARES may continue to climb this week following dovish comments from the US Federal Reserve chief over the weekend and as the Bangko Sentral ng Pilipinas (BSP) is expected to deliver a third straight rate cut on Thursday.
\nOn Friday, the bellwether Philippine Stock Exchange index (PSEi) edged up by 0.05% or 3.71 points to 6,281.58, while the broader all shares index rose by 0.06% or 2.44 points to 3,737.58.
\nWeek on week, however, the PSEi was down by 0.54% or 34.35 points from its 6,315.93 finish on Aug. 15.
\nThe stock market was closed on Monday for National Heroes\u2019 Day.\u00a0
\n\u201cLocal equities went sideways through a shortened week as investors turned cautious ahead of Fed Chairman Jerome H. Powell\u2019s remarks at Jackson Hole summit,\u201d online brokerage 2TradeAsia.com said in a market note.
\nMr. Powell, in a closely watched speech at the Fed\u2019s annual Jackson Hole symposium on Friday, opened the door to an interest rate cut at the central bank\u2019s meeting next month, Reuters reported.
\nMr. Powell\u2019s dovish change of course has seen futures price in an 84% chance of a quarter-point rate cut in September, and at least 100 basis points (bp) of easing to 3.25-3.5% by the middle of next year.
\n2TradeAsia.com said Mr. Powell\u2019s speech could set the tone for this week\u2019s trading and pegged the PSEi\u2019s support at 6,300 and resistance at 6,600.\u00a0
\nPhilstocks Financial Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message that Mr. Powell\u2019s dovish tilt could fuel buying activity at the stock market this week.
\n\u201cHopes of a rate cut by the Bangko Sentral ng Pilipinas in their Monetary Board meeting [this] week may also lift sentiment. Investors are also expected to look for clues on the BSP\u2019s policy outlook at the said meeting,\u201d he said.
\nAll 20 analysts in a 大象传媒 poll expect the Monetary Board to reduce the target reverse repurchase rate by 25 bps to 5% from the current 5.25% at its policy meeting on Thursday.
\nThis would be the BSP\u2019s third consecutive 25-bp cut since April. It has lowered benchmark interest rates by a total of 125 bps since it began its easing cycle in August 2024.
\nMr. Tantiangco put the PSEi\u2019s major support at 6,150 and major resistance at 6,400.
\n\u201cChart-wise, the local market remains bearishly biased as it continues to form lower highs… This week, the market is expected to continue testing these lines,\u201d he said. \u201cTaking these lines under strong trading activity is seen as the market\u2019s primary objective to be able to rise further moving forward.\u201d
\nFor his part, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort placed the index\u2019s support at 6,204.04 and resistance at 6,370.
\nMr. Ricafort said the market will monitor policy hints from both the BSP and the Fed as potential rate cuts by the US central bank would also support further easing at home. \u2014 R.M.D. Ochave with Reuters
\n", "content_text": "SHARES may continue to climb this week following dovish comments from the US Federal Reserve chief over the weekend and as the Bangko Sentral ng Pilipinas (BSP) is expected to deliver a third straight rate cut on Thursday.\nOn Friday, the bellwether Philippine Stock Exchange index (PSEi) edged up by 0.05% or 3.71 points to 6,281.58, while the broader all shares index rose by 0.06% or 2.44 points to 3,737.58.\nWeek on week, however, the PSEi was down by 0.54% or 34.35 points from its 6,315.93 finish on Aug. 15.\nThe stock market was closed on Monday for National Heroes\u2019 Day.\u00a0\n\u201cLocal equities went sideways through a shortened week as investors turned cautious ahead of Fed Chairman Jerome H. Powell\u2019s remarks at Jackson Hole summit,\u201d online brokerage 2TradeAsia.com said in a market note.\nMr. Powell, in a closely watched speech at the Fed\u2019s annual Jackson Hole symposium on Friday, opened the door to an interest rate cut at the central bank\u2019s meeting next month, Reuters reported.\nMr. Powell\u2019s dovish change of course has seen futures price in an 84% chance of a quarter-point rate cut in September, and at least 100 basis points (bp) of easing to 3.25-3.5% by the middle of next year.\n2TradeAsia.com said Mr. Powell\u2019s speech could set the tone for this week\u2019s trading and pegged the PSEi\u2019s support at 6,300 and resistance at 6,600.\u00a0\nPhilstocks Financial Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message that Mr. Powell\u2019s dovish tilt could fuel buying activity at the stock market this week.\n\u201cHopes of a rate cut by the Bangko Sentral ng Pilipinas in their Monetary Board meeting [this] week may also lift sentiment. Investors are also expected to look for clues on the BSP\u2019s policy outlook at the said meeting,\u201d he said.\nAll 20 analysts in a 大象传媒 poll expect the Monetary Board to reduce the target reverse repurchase rate by 25 bps to 5% from the current 5.25% at its policy meeting on Thursday.\nThis would be the BSP\u2019s third consecutive 25-bp cut since April. It has lowered benchmark interest rates by a total of 125 bps since it began its easing cycle in August 2024.\nMr. Tantiangco put the PSEi\u2019s major support at 6,150 and major resistance at 6,400.\n\u201cChart-wise, the local market remains bearishly biased as it continues to form lower highs… This week, the market is expected to continue testing these lines,\u201d he said. \u201cTaking these lines under strong trading activity is seen as the market\u2019s primary objective to be able to rise further moving forward.\u201d\nFor his part, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort placed the index\u2019s support at 6,204.04 and resistance at 6,370.\nMr. Ricafort said the market will monitor policy hints from both the BSP and the Fed as potential rate cuts by the US central bank would also support further easing at home. \u2014 R.M.D. Ochave with Reuters", "date_published": "2025-08-25T21:00:04+08:00", "date_modified": "2025-08-25T17:41:22+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2023/03/PSE-stocks-bell.jpg", "tags": [ "Revin Mikhael D. Ochave", "Editors' Picks", "One News", "Stock Market", "大象传媒" ] }, { "id": "/?p=693639", "url": "/the-nation/2025/08/25/693639/fni-slams-chairmans-arrest/", "title": "FNI slams Chairman\u2019s arrest", "content_html": "GLOBAL Ferronickel Holdings, Inc. (FNI) on Monday strongly denounced the \u201cunlawful\u201d arrest and detention of its Chairman, Joseph Sy, over a \u201cbaseless\u201d accusation of misrepresenting his citizenship.
\nThe nickel company asserted Mr. Sy\u2019s citizenship has been confirmed by at least six rulings from the Bureau of Immigration (BI), the Department of Justice, the Office of the President, the Securities and Exchange Commission (SEC), and the Supreme Court.
\n\u201cHe entered the country on his valid Philippine passport, which the Supreme Court has recognized as official proof of identity of Filipino nationality,\u201d FNI said in a statement.
\n\u201cHis detention is a grave injustice, but we remain confident that the truth and the law will prevail.\u201d
\nThe company noted that its operations and all companies under the Group remain \u201cstable, legitimate, and unaffected.\u201d
\nThe Philippine Nickel Industry Association (PNIA) on Monday also called for the release of FNI\u2019s chairman, saying BI\u2019s detention is \u201cdeeply troubling and illegally inconsistent\u201d considering it has twice recognized Mr. Sy\u2019s citizenship.
\n\u201cHis continued detention on mere suspicion of being an alien, without lawful basis and outside the BI\u2019s jurisdiction, is a grave injustice and a violation of the fundamental principles of due process,\u201d it added.
\nPNIA noted the arrest and subsequent detention of Mr. Sy sends a \u201cwrong message\u201d to investors as the Philippines seeks to bolster business confidence.
\n\u201cWe call on the authorities to act swiftly, observe due process, and immediately resolve this matter by releasing Mr. Sy without delay,\u201d it said.\u00a0 \u00a0
\nDevelopments over Mr. Sy\u2019s detention are being closely monitored by the SEC, which said it will evaluate whether necessary actions are warranted under its jurisdiction.
\n\u201cAny action taken by the SEC on the matter will be in line with promoting transparency and confidence in the markets, especially matters that affect the governance of publicly listed companies,\u201d the corporate watchdog said in a statement sent to 大象传媒 on Monday.
\nAmid the detention, the SEC reminded listed companies that all material developments that could influence the decision of investors must be \u201cpromptly disclosed\u201d to the public as mandated under Rule 17.1.1 of the implementing rules and regulations of the Securities Regulation Code, as well as the consolidated listing and disclosure rules of the Philippine Stock Exchange.
\n\u201cThe commission reiterates its commitment to upholding the interests of the investing public and ensuring that the integrity of the capital market is preserved,\u201d it said.
\nSought for comment, the BI noted in a Viber message to 大象传媒 that Mr. Sy is the subject of a mission order and an investigation from the BI, which received information from government intelligence sources about his \u201calleged illegally acquired Philippine documents.\u201d
\nThe BI said he was found to be using a Philippine passport issued in 2021 and was in possession of several Philippine identity cards showing that he is a Filipino.
\n\u201cHowever, Viado shared that their Alien Registration Division was able to confirm that his fingerprints matched that of a Chinese citizen, who previously held a long-term visa and an Alien Certificate Registration Identity Card,\u201d it added.
\nThe BI said Mr. Sy is \u201csaid to own many major businesses in the country\u201d and has \u201cinfiltrated different economic and business groups.\u201d
\n\u201cWithout naturalization, a foreign national is not eligible to get Philippine citizenship documents,\u201d BI Commissioner Joel Anthony Viado said.
\n\u201cGovernment intelligence sources have reason to believe that this is another case of assumed Philippine identity, similar to that of Alice Guo,\u201d he added.
\nMeanwhile, Senator Risa N. Hontiveros-Baraquel raised concerns over Mr. Sy\u2019s detention after she learned that he had served as a volunteer with the Philippine Coast Guard (PCG), citing it could be a national security risk.
\nThe PCG did not immediately reply to a Viber message seeking comment.
\n\u201cThe Senate must immediately probe his affiliations, background and the circumstances under which he obtained his Philippine documents,\u201d Ms. Hontiveros said in a statement.
\nThe BI said Mr. Sy, who is facing a deportation case for misrepresentation, is currently held at the BI\u2019s holding facility in Bicutan, Taguig.
\nBI operatives arrested Mr. Sy on Aug. 21 after arriving from Hong Kong. He was detained due to an alleged misrepresentation of his citizenship.\u00a0 \u00a0
\nFNI is a listed mining company that has business interests in nickel ore mining, logistics, cement and steel production, and port operations. \u2014 Kenneth Christiane L. Basilio, Revin Mikhael D. Ochave, and Kyle Aristophere T. Atienza
\n", "content_text": "GLOBAL Ferronickel Holdings, Inc. (FNI) on Monday strongly denounced the \u201cunlawful\u201d arrest and detention of its Chairman, Joseph Sy, over a \u201cbaseless\u201d accusation of misrepresenting his citizenship.\nThe nickel company asserted Mr. Sy\u2019s citizenship has been confirmed by at least six rulings from the Bureau of Immigration (BI), the Department of Justice, the Office of the President, the Securities and Exchange Commission (SEC), and the Supreme Court.\n\u201cHe entered the country on his valid Philippine passport, which the Supreme Court has recognized as official proof of identity of Filipino nationality,\u201d FNI said in a statement.\n\u201cHis detention is a grave injustice, but we remain confident that the truth and the law will prevail.\u201d\nThe company noted that its operations and all companies under the Group remain \u201cstable, legitimate, and unaffected.\u201d\nThe Philippine Nickel Industry Association (PNIA) on Monday also called for the release of FNI\u2019s chairman, saying BI\u2019s detention is \u201cdeeply troubling and illegally inconsistent\u201d considering it has twice recognized Mr. Sy\u2019s citizenship.\n\u201cHis continued detention on mere suspicion of being an alien, without lawful basis and outside the BI\u2019s jurisdiction, is a grave injustice and a violation of the fundamental principles of due process,\u201d it added.\nPNIA noted the arrest and subsequent detention of Mr. Sy sends a \u201cwrong message\u201d to investors as the Philippines seeks to bolster business confidence.\n\u201cWe call on the authorities to act swiftly, observe due process, and immediately resolve this matter by releasing Mr. Sy without delay,\u201d it said.\u00a0 \u00a0\nDevelopments over Mr. Sy\u2019s detention are being closely monitored by the SEC, which said it will evaluate whether necessary actions are warranted under its jurisdiction.\n\u201cAny action taken by the SEC on the matter will be in line with promoting transparency and confidence in the markets, especially matters that affect the governance of publicly listed companies,\u201d the corporate watchdog said in a statement sent to 大象传媒 on Monday.\nAmid the detention, the SEC reminded listed companies that all material developments that could influence the decision of investors must be \u201cpromptly disclosed\u201d to the public as mandated under Rule 17.1.1 of the implementing rules and regulations of the Securities Regulation Code, as well as the consolidated listing and disclosure rules of the Philippine Stock Exchange.\n\u201cThe commission reiterates its commitment to upholding the interests of the investing public and ensuring that the integrity of the capital market is preserved,\u201d it said.\nSought for comment, the BI noted in a Viber message to 大象传媒 that Mr. Sy is the subject of a mission order and an investigation from the BI, which received information from government intelligence sources about his \u201calleged illegally acquired Philippine documents.\u201d\nThe BI said he was found to be using a Philippine passport issued in 2021 and was in possession of several Philippine identity cards showing that he is a Filipino.\n\u201cHowever, Viado shared that their Alien Registration Division was able to confirm that his fingerprints matched that of a Chinese citizen, who previously held a long-term visa and an Alien Certificate Registration Identity Card,\u201d it added.\nThe BI said Mr. Sy is \u201csaid to own many major businesses in the country\u201d and has \u201cinfiltrated different economic and business groups.\u201d\n\u201cWithout naturalization, a foreign national is not eligible to get Philippine citizenship documents,\u201d BI Commissioner Joel Anthony Viado said.\n\u201cGovernment intelligence sources have reason to believe that this is another case of assumed Philippine identity, similar to that of Alice Guo,\u201d he added.\nMeanwhile, Senator Risa N. Hontiveros-Baraquel raised concerns over Mr. Sy\u2019s detention after she learned that he had served as a volunteer with the Philippine Coast Guard (PCG), citing it could be a national security risk.\nThe PCG did not immediately reply to a Viber message seeking comment.\n\u201cThe Senate must immediately probe his affiliations, background and the circumstances under which he obtained his Philippine documents,\u201d Ms. Hontiveros said in a statement.\nThe BI said Mr. Sy, who is facing a deportation case for misrepresentation, is currently held at the BI\u2019s holding facility in Bicutan, Taguig.\nBI operatives arrested Mr. Sy on Aug. 21 after arriving from Hong Kong. He was detained due to an alleged misrepresentation of his citizenship.\u00a0 \u00a0\nFNI is a listed mining company that has business interests in nickel ore mining, logistics, cement and steel production, and port operations. \u2014 Kenneth Christiane L. Basilio, Revin Mikhael D. Ochave, and Kyle Aristophere T. Atienza", "date_published": "2025-08-25T20:08:44+08:00", "date_modified": "2025-08-25T20:08:44+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2024/10/FNI-Global-Ferronickel.jpg", "tags": [ "Kenneth Christiane L. Basilio", "Kyle Aristophere T. Atienza", "Revin Mikhael D. Ochave", "The Nation" ] }, { "id": "/?p=693434", "url": "/corporate/2025/08/25/693434/sec-flags-5-more-crypto-platforms-lacking-registration/", "title": "SEC flags 5 more crypto platforms lacking registration", "content_html": "THE Securities and Exchange Commission (SEC) warned the public in an Aug. 20 advisory against five cryptocurrency platforms it said lack the required registration.
\nThe SEC listed Blofin, CoinW, DigiFinex, LBank, and Pionex in the advisory published on its website.
\n\u201c[These] entities have been identified as providing features that specifically enable access within the Philippine territory, such as options to register with a Philippine mobile number, accept Philippine peso through on-ramp methods including banks or e-wallets, and make their platforms accessible within the country without securing the necessary registration and crypto asset service provider (CASP) license from the SEC,\u201d the advisory said.
\nThe SEC said its Memorandum Circular (MC) No. 4 on CASP rules and MC No. 5 on CASP guidelines, which took effect on July 5, apply to any person or entity offering, promoting, or facilitating access to crypto asset trading venues or intermediation services such as buying, selling, and derivatives trading of crypto assets.
\nThe commission reminded the public not to invest through unregistered platforms and to verify the registration and licensing status of entities offering crypto asset services.
\nInvestors engaging with unregistered platforms face the risk of total loss of invested funds; lack of legal protection or recourse; exposure to fraud, identity theft, market manipulation, and misuse of personal data; and increased vulnerability to money laundering and terrorist financing, the SEC said.
\nThe SEC added that the new list is in addition to ten crypto platforms flagged in a separate advisory dated Aug. 1 for operating without the required registration.
\n\u201cOther platforms with similar features designed to onboard Philippine users without registration shall likewise be considered in violation of Philippine securities laws and will be subject to enforcement action,\u201d the SEC said.
\nThe five platforms had yet to respond to 大象传媒\u2019s e-mailed request for comment as of press time.
\nAmid its recent enforcement actions against unregistered platforms, the SEC clarified in an Aug. 14 advisory that there is no ban on crypto trading.
\nIt said that CASP rules require entities to secure the necessary registration and licenses before offering their services in the Philippines.
\n\u201cWe recognize the importance of a free, competitive market, but one that is responsibly regulated to protect investors and support the sustainable growth of the crypto industry in the Philippines,\u201d the SEC said. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "THE Securities and Exchange Commission (SEC) warned the public in an Aug. 20 advisory against five cryptocurrency platforms it said lack the required registration.\nThe SEC listed Blofin, CoinW, DigiFinex, LBank, and Pionex in the advisory published on its website.\n\u201c[These] entities have been identified as providing features that specifically enable access within the Philippine territory, such as options to register with a Philippine mobile number, accept Philippine peso through on-ramp methods including banks or e-wallets, and make their platforms accessible within the country without securing the necessary registration and crypto asset service provider (CASP) license from the SEC,\u201d the advisory said.\nThe SEC said its Memorandum Circular (MC) No. 4 on CASP rules and MC No. 5 on CASP guidelines, which took effect on July 5, apply to any person or entity offering, promoting, or facilitating access to crypto asset trading venues or intermediation services such as buying, selling, and derivatives trading of crypto assets.\nThe commission reminded the public not to invest through unregistered platforms and to verify the registration and licensing status of entities offering crypto asset services.\nInvestors engaging with unregistered platforms face the risk of total loss of invested funds; lack of legal protection or recourse; exposure to fraud, identity theft, market manipulation, and misuse of personal data; and increased vulnerability to money laundering and terrorist financing, the SEC said.\nThe SEC added that the new list is in addition to ten crypto platforms flagged in a separate advisory dated Aug. 1 for operating without the required registration.\n\u201cOther platforms with similar features designed to onboard Philippine users without registration shall likewise be considered in violation of Philippine securities laws and will be subject to enforcement action,\u201d the SEC said.\nThe five platforms had yet to respond to 大象传媒\u2019s e-mailed request for comment as of press time.\nAmid its recent enforcement actions against unregistered platforms, the SEC clarified in an Aug. 14 advisory that there is no ban on crypto trading.\nIt said that CASP rules require entities to secure the necessary registration and licenses before offering their services in the Philippines.\n\u201cWe recognize the importance of a free, competitive market, but one that is responsibly regulated to protect investors and support the sustainable growth of the crypto industry in the Philippines,\u201d the SEC said. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-25T00:05:18+08:00", "date_modified": "2025-08-24T19:31:49+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2022/06/man-holds-different-crypto-coins.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate", "Editors' Picks" ] }, { "id": "/?p=693431", "url": "/corporate/2025/08/25/693431/sta-lucia-q2-profit-down-47-on-weaker-real-estate-sales/", "title": "Sta. Lucia Q2 profit down 47% on weaker real estate sales", "content_html": "LISTED property developer Sta. Lucia Land, Inc. posted a 47% decline in its second-quarter (Q2) attributable net income to P552.17 million from P1.04 billion in the same period last year as weaker demand led to lower real estate sales.
\nGross revenue for April to June fell 25% to P2.11 billion from P2.82 billion a year earlier, Sta. Lucia said in a regulatory filing.
\nReal estate sales dropped 33.4% to P1.4 billion, while rental income rose 3% to P192.57 million.
\nFor the first half, Sta. Lucia said its attributable net income slid 38% to P1.49 billion as gross revenue decreased 28% to P4.74 billion.
\nReal estate sales for January to June fell 37% to P3.32 billion, while rental income grew 3% to P372.92 million.
\n\u201cThe decline in residential sales was driven by shifting and slow market demand in key regional areas such as Cebu, Cavite, Iloilo, Davao, and Laguna. These conditions have led to lower sales absorption and reduced transaction volumes across the group\u2019s residential portfolio,\u201d Sta. Lucia Land said.
\n\u201cOverall, while the group has maintained a level of stability through its ongoing marketing efforts, the decline in core real estate sales and ancillary revenues highlights emerging pressures within regional markets to attract potential buyers despite the headwinds experienced by the real estate industry,\u201d it added.
\nSta. Lucia Land\u2019s portfolio consists of residential, commercial, leisure, and retail developments, including Oro Vista Grande in Antipolo, Sta. Monica Lake Residences in Pangasinan, and Almeria Village in Dumaguete.
\nSta. Lucia Land shares were unchanged at P2.61 apiece on Friday. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "LISTED property developer Sta. Lucia Land, Inc. posted a 47% decline in its second-quarter (Q2) attributable net income to P552.17 million from P1.04 billion in the same period last year as weaker demand led to lower real estate sales.\nGross revenue for April to June fell 25% to P2.11 billion from P2.82 billion a year earlier, Sta. Lucia said in a regulatory filing.\nReal estate sales dropped 33.4% to P1.4 billion, while rental income rose 3% to P192.57 million.\nFor the first half, Sta. Lucia said its attributable net income slid 38% to P1.49 billion as gross revenue decreased 28% to P4.74 billion.\nReal estate sales for January to June fell 37% to P3.32 billion, while rental income grew 3% to P372.92 million.\n\u201cThe decline in residential sales was driven by shifting and slow market demand in key regional areas such as Cebu, Cavite, Iloilo, Davao, and Laguna. These conditions have led to lower sales absorption and reduced transaction volumes across the group\u2019s residential portfolio,\u201d Sta. Lucia Land said.\n\u201cOverall, while the group has maintained a level of stability through its ongoing marketing efforts, the decline in core real estate sales and ancillary revenues highlights emerging pressures within regional markets to attract potential buyers despite the headwinds experienced by the real estate industry,\u201d it added.\nSta. Lucia Land\u2019s portfolio consists of residential, commercial, leisure, and retail developments, including Oro Vista Grande in Antipolo, Sta. Monica Lake Residences in Pangasinan, and Almeria Village in Dumaguete.\nSta. Lucia Land shares were unchanged at P2.61 apiece on Friday. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-25T00:03:17+08:00", "date_modified": "2025-08-24T19:30:17+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2022/03/SLI3.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate" ] }, { "id": "/?p=693430", "url": "/corporate/2025/08/25/693430/allhc-shifts-artico-mandaue-cold-storage-to-100-re/", "title": "ALLHC shifts Artico Mandaue cold storage to 100% RE", "content_html": "LISTED industrial park and real estate logistics provider AyalaLand Logistics Holdings Corp. (ALLHC) has transitioned the operations of its Artico Mandaue cold storage facility in Cebu to 100% renewable energy (RE).
\nArtico Mandaue completed the shift on July 26 through its participation in the government\u2019s green energy option program (GEOP), which allows eligible end-users to directly source their power from certified RE suppliers, ALLHC said in an e-mailed statement over the weekend.
\nThe company said the transition to renewable energy is expected to cut the facility\u2019s electricity expenses by about 30% each month.
\nThe GEOP is part of government efforts to increase the share of RE in the power generation mix and reduce dependence on fossil fuels.
\n\u201cThis is a major milestone for Artico Cold Chain and a concrete step forward in the sustainability journey of ALLHC,\u201d ALLHC President and Chief Executive Officer Robert S. Lao said.
\n\u201cOur participation in the GEOP not only demonstrates our commitment to a greener future but also enhances our operational efficiency. We are proud to be contributing to a more sustainable and resilient energy sector in the Philippines,\u201d he added.
\nIn April last year, ALLHC\u2019s Artico Bi\u00f1an 2 cold storage facility in Laguna also switched to GEOP. The company plans to transition more facilities to the program.
\nALLHC is a subsidiary of listed real estate developer Ayala Land, Inc. (ALI). The RE transition aligns with ALI\u2019s medium-term sustainability goals of achieving carbon neutrality by 2030 and net-zero emissions by 2050, the company said.
\n\u201cBy sourcing its electricity from renewable sources such as solar and geothermal energy, the facility will significantly reduce its carbon footprint and mitigate greenhouse gas emissions,\u201d ALLHC said.
\nALLHC shares fell by 0.69% or one centavo to P1.44 apiece on Friday. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "LISTED industrial park and real estate logistics provider AyalaLand Logistics Holdings Corp. (ALLHC) has transitioned the operations of its Artico Mandaue cold storage facility in Cebu to 100% renewable energy (RE).\nArtico Mandaue completed the shift on July 26 through its participation in the government\u2019s green energy option program (GEOP), which allows eligible end-users to directly source their power from certified RE suppliers, ALLHC said in an e-mailed statement over the weekend.\nThe company said the transition to renewable energy is expected to cut the facility\u2019s electricity expenses by about 30% each month.\nThe GEOP is part of government efforts to increase the share of RE in the power generation mix and reduce dependence on fossil fuels.\n\u201cThis is a major milestone for Artico Cold Chain and a concrete step forward in the sustainability journey of ALLHC,\u201d ALLHC President and Chief Executive Officer Robert S. Lao said.\n\u201cOur participation in the GEOP not only demonstrates our commitment to a greener future but also enhances our operational efficiency. We are proud to be contributing to a more sustainable and resilient energy sector in the Philippines,\u201d he added.\nIn April last year, ALLHC\u2019s Artico Bi\u00f1an 2 cold storage facility in Laguna also switched to GEOP. The company plans to transition more facilities to the program.\nALLHC is a subsidiary of listed real estate developer Ayala Land, Inc. (ALI). The RE transition aligns with ALI\u2019s medium-term sustainability goals of achieving carbon neutrality by 2030 and net-zero emissions by 2050, the company said.\n\u201cBy sourcing its electricity from renewable sources such as solar and geothermal energy, the facility will significantly reduce its carbon footprint and mitigate greenhouse gas emissions,\u201d ALLHC said.\nALLHC shares fell by 0.69% or one centavo to P1.44 apiece on Friday. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-25T00:02:16+08:00", "date_modified": "2025-08-24T19:30:01+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2025/08/Artico-Mandaue-cold-storage-facility.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate" ] }, { "id": "/?p=693318", "url": "/stock-market/2025/08/24/693318/stocks-inch-up-on-bargain-hunting-rating-action/", "title": "Stocks inch up on bargain hunting, rating action", "content_html": "PHILIPPINE STOCKS inched higher on Friday after the country\u2019s investment-grade rating was affirmed and on bargain hunting.
\nThe benchmark Philippine Stock Exchange index (PSEi) went up by 0.05% or 3.71 points to close at 6,281.58, while the broader all shares index increased by 0.06% or 2.44 points to 3,737.58.
\n\u201cThe local market posted gains on the back of bargain hunting. Investors also appreciated Rating and Investment Information, Inc.\u2019s (R&I) affirmation of the Philippines\u2019 \u201cA-\u201d credit rating with a stable outlook,\u201d Philstocks Financial Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message. \u201cFinally, hopes of a Bangko Sentral ng Pilipinas (BSP) rate cut [this] week helped in lifting the bourse.\u201d\u00a0
\nR&I on Wednesday affirmed the Philippines\u2019 investment-grade \u201cA-\u201d rating with a stable outlook as it said it expects sustained economic growth and improving incomes amid \u201crobust public and private investments, development of domestic business such as information technology and business process management industry, and population growth.\u201d
\nFor the first half, Philippine economic growth averaged 5.4%, slightly below the government\u2019s 5.5% to 6.5% target for this year.
\nMeanwhile, BSP Governor Eli M. Remolona, Jr. earlier said that a rate cut is \u201cquite likely\u201d at the Monetary Board\u2019s Aug. 28 meeting amid easing inflation.
\nIf realized, this would be the BSP\u2019s third straight reduction since April. The Monetary Board has lowered benchmark interest rates by a cumulative 125 basis points since it began its easing cycle in August 2024, with the policy rate now at 5.25%.
\nMeanwhile, week on week, the PSEi dropped by 0.54% or 34.35 points from its 6,315.93 close on Aug. 15, marking its second straight week of decline.
\n\u201cWithout any positive catalyst, the local market succumbed to bearish pressures, leading to an extended decline in last week\u2019s trading. This is the first week since June 9 to 13 that the market continued in a certain direction,\u201d Mr. Tantiangco said. \u201cThe local market remains undervalued fundamentals-wise. As of last week\u2019s closing, the PSEi\u2019s price-to-earnings ratio is at 10.8 times. This is below its five-year historical average of 17.3 times and the regional average of 17.6 times.\u201d
\nThe majority of sectoral indices closed higher on Friday. Property went up by 1.02% or 24.69 points to 2,444.46; industrials rose by 0.89% or 80.98 points to 9,112.92; mining and oil climbed by 0.46% or 44.09 points to 9,489.24; and financials increased by 0.09% or 1.91 points to 2,116.45.
\nMeanwhile, holding firms declined by 0.8% or 42 points to 5,205.46 and services retreated by 0.35% or 8 points to 2,276.18.
\nValue turnover rose to P6.44 billion on Friday with 803.64 million shares traded from the P5.76 billion with 1.07 billion shares exchanged on Wednesday.\u00a0
\nDecliners beat advancers, 97 versus 93, while 50 names were unchanged. Net foreign selling was at P721.91 million on Friday versus the P161.83 million in net buying recorded on Wednesday. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "PHILIPPINE STOCKS inched higher on Friday after the country\u2019s investment-grade rating was affirmed and on bargain hunting.\nThe benchmark Philippine Stock Exchange index (PSEi) went up by 0.05% or 3.71 points to close at 6,281.58, while the broader all shares index increased by 0.06% or 2.44 points to 3,737.58.\n\u201cThe local market posted gains on the back of bargain hunting. Investors also appreciated Rating and Investment Information, Inc.\u2019s (R&I) affirmation of the Philippines\u2019 \u201cA-\u201d credit rating with a stable outlook,\u201d Philstocks Financial Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message. \u201cFinally, hopes of a Bangko Sentral ng Pilipinas (BSP) rate cut [this] week helped in lifting the bourse.\u201d\u00a0\nR&I on Wednesday affirmed the Philippines\u2019 investment-grade \u201cA-\u201d rating with a stable outlook as it said it expects sustained economic growth and improving incomes amid \u201crobust public and private investments, development of domestic business such as information technology and business process management industry, and population growth.\u201d\nFor the first half, Philippine economic growth averaged 5.4%, slightly below the government\u2019s 5.5% to 6.5% target for this year.\nMeanwhile, BSP Governor Eli M. Remolona, Jr. earlier said that a rate cut is \u201cquite likely\u201d at the Monetary Board\u2019s Aug. 28 meeting amid easing inflation.\nIf realized, this would be the BSP\u2019s third straight reduction since April. The Monetary Board has lowered benchmark interest rates by a cumulative 125 basis points since it began its easing cycle in August 2024, with the policy rate now at 5.25%.\nMeanwhile, week on week, the PSEi dropped by 0.54% or 34.35 points from its 6,315.93 close on Aug. 15, marking its second straight week of decline.\n\u201cWithout any positive catalyst, the local market succumbed to bearish pressures, leading to an extended decline in last week\u2019s trading. This is the first week since June 9 to 13 that the market continued in a certain direction,\u201d Mr. Tantiangco said. \u201cThe local market remains undervalued fundamentals-wise. As of last week\u2019s closing, the PSEi\u2019s price-to-earnings ratio is at 10.8 times. This is below its five-year historical average of 17.3 times and the regional average of 17.6 times.\u201d\nThe majority of sectoral indices closed higher on Friday. Property went up by 1.02% or 24.69 points to 2,444.46; industrials rose by 0.89% or 80.98 points to 9,112.92; mining and oil climbed by 0.46% or 44.09 points to 9,489.24; and financials increased by 0.09% or 1.91 points to 2,116.45.\nMeanwhile, holding firms declined by 0.8% or 42 points to 5,205.46 and services retreated by 0.35% or 8 points to 2,276.18.\nValue turnover rose to P6.44 billion on Friday with 803.64 million shares traded from the P5.76 billion with 1.07 billion shares exchanged on Wednesday.\u00a0\nDecliners beat advancers, 97 versus 93, while 50 names were unchanged. Net foreign selling was at P721.91 million on Friday versus the P161.83 million in net buying recorded on Wednesday. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-24T21:00:51+08:00", "date_modified": "2025-08-24T17:21:48+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2021/08/PSE-720p-2.jpg", "tags": [ "Revin Mikhael D. Ochave", "Editors' Picks", "One News", "Stock Market", "大象传媒" ] }, { "id": "/?p=693071", "url": "/corporate/2025/08/22/693071/sm-prime-delays-reit-ipo-to-beyond-2026/", "title": "SM Prime delays REIT IPO to beyond 2026", "content_html": "SY-LED property developer SM Prime Holdings, Inc. is deferring the initial public offering (IPO) of its planned real estate investment trust (REIT) to beyond 2026, citing unfavorable market conditions.
\n\u201cInstead of coming up with a REIT in 2026, we may have to defer it a bit and we have to take into account market conditions as well as liquidity in the market,\u201d SM Prime Chief Finance Officer John Nai Peng C. Ong said during an investor relations event hosted by the Philippine Stock Exchange (PSE) on Wednesday.
\n\u201cWhile the view on REIT is still there, the timing may have to be deferred beyond the year 2025 and I think personally even beyond 2026,\u201d he added.
\nSM Prime\u2019s REIT is among the big-ticket IPOs currently deferring their planned listings due to unfavorable market conditions.
\nThe PSE is aiming to record six IPOs this year, but only one has gone public so far, with Cebu-based fuel retailer and distributor Top Line Business Development Corp. in April.
\nIn relation to this, Mr. Ong said that SM Prime is studying the use of green financing as part of the company\u2019s fundraising initiatives.
\n\u201cWe have been studying to consider also sustainability-linked instruments and green bonds. As of today, we have yet to tap green or sustainability-linked instruments. We are open to it. That is why we have been studying to see if it is worth pursuing,\u201d he said.
\nMeanwhile, Mr. Ong said SM Prime expects to continue its growth momentum in the second half, led by improving economic data.
\n\u201cLooking ahead, we remain optimistic as macro tailwinds continue to support demand across our portfolio. Our consumer-facing businesses are benefiting from resilient gross domestic product growth and strong household spending,\u201d he said.
\n\u201cIn hospitality, the recovery in tourism and MICE (meetings, incentives, conferences, and exhibitions) activity is gaining traction. Meanwhile, improved business confidence and a flight to quality are driving momentum in commercial leasing. Taken together, these trends provide strong visibility for sustainable growth and reinforce our confidence in delivering solid results across all business segments,\u201d he added.
\nFor the first half, SM Prime posted an 11% increase in net income to P24.5 billion as consolidated revenue grew by 5% to P68 billion on higher rental income, real estate sales, and ancillary revenues.
\nPhilippine inflation slowed to a near six-year low of 0.9% last month due to easing utilities and food costs.
\nSM Prime shares were last traded on Wednesday, unchanged at P23.60 per share. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "SY-LED property developer SM Prime Holdings, Inc. is deferring the initial public offering (IPO) of its planned real estate investment trust (REIT) to beyond 2026, citing unfavorable market conditions.\n\u201cInstead of coming up with a REIT in 2026, we may have to defer it a bit and we have to take into account market conditions as well as liquidity in the market,\u201d SM Prime Chief Finance Officer John Nai Peng C. Ong said during an investor relations event hosted by the Philippine Stock Exchange (PSE) on Wednesday.\n\u201cWhile the view on REIT is still there, the timing may have to be deferred beyond the year 2025 and I think personally even beyond 2026,\u201d he added.\nSM Prime\u2019s REIT is among the big-ticket IPOs currently deferring their planned listings due to unfavorable market conditions.\nThe PSE is aiming to record six IPOs this year, but only one has gone public so far, with Cebu-based fuel retailer and distributor Top Line Business Development Corp. in April.\nIn relation to this, Mr. Ong said that SM Prime is studying the use of green financing as part of the company\u2019s fundraising initiatives.\n\u201cWe have been studying to consider also sustainability-linked instruments and green bonds. As of today, we have yet to tap green or sustainability-linked instruments. We are open to it. That is why we have been studying to see if it is worth pursuing,\u201d he said.\nMeanwhile, Mr. Ong said SM Prime expects to continue its growth momentum in the second half, led by improving economic data.\n\u201cLooking ahead, we remain optimistic as macro tailwinds continue to support demand across our portfolio. Our consumer-facing businesses are benefiting from resilient gross domestic product growth and strong household spending,\u201d he said.\n\u201cIn hospitality, the recovery in tourism and MICE (meetings, incentives, conferences, and exhibitions) activity is gaining traction. Meanwhile, improved business confidence and a flight to quality are driving momentum in commercial leasing. Taken together, these trends provide strong visibility for sustainable growth and reinforce our confidence in delivering solid results across all business segments,\u201d he added.\nFor the first half, SM Prime posted an 11% increase in net income to P24.5 billion as consolidated revenue grew by 5% to P68 billion on higher rental income, real estate sales, and ancillary revenues.\nPhilippine inflation slowed to a near six-year low of 0.9% last month due to easing utilities and food costs.\nSM Prime shares were last traded on Wednesday, unchanged at P23.60 per share. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-22T00:04:53+08:00", "date_modified": "2025-08-21T19:00:02+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2025/07/Susana-Heights-Estate-Entrance.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate", "Editors' Picks" ] }, { "id": "/?p=693070", "url": "/corporate/2025/08/22/693070/sec-fines-villar-land-11-officials-for-unsubmitted-financial-statements/", "title": "SEC fines Villar Land, 11 officials for unsubmitted financial statements", "content_html": "By Revin Mikhael D. Ochave, Reporter
\nLISTED Villar Land Holdings Corp. and its top officials were fined a total of P12 million by the Securities and Exchange Commission (SEC) for failing to submit its 2024 annual report and first-quarter report for 2025.
\nIn an order dated Aug. 18, the SEC Markets and Securities Regulation Department (MSRD) issued the maximum P1-million administrative fine each against Villar Land and 11 officials, totaling P12 million, in lieu of suspending the company\u2019s registration statement and permit to offer and sell securities.
\nThe order applies to Villar Land\u2019s senior executives, including Chairman Manuel B. Villar, Jr.; President Cynthia J. Javarez; directors and incumbent Senators Mark A. Villar and Camille A. Villar; and director Manuel Paolo A. Villar.
\nOther officials named are independent directors Ana Marie V. Pagsibigan and Garth F. Castaneda; chief financial officer, chief information officer, treasurer, and investor relations officer Estrellita S. Tan; corporate secretary Gemma M. Santos; assistant corporate secretary Ma. Nalen S.J. Rosero; and compliance officer Kate D. Cator.
\nThe MSRD also imposed a P2,000 administrative fine each for every day of delay starting July 1 until Villar Land, formerly known as Golden MV Holdings, Inc., submits its 2024 annual report and first-quarter report.
\n\u201cThe timely submission of annual and quarterly reports is mandatory and non-negotiable under the Securities Regulation Code (SRC) and its implementing rules and regulations. These reports are critical for regulatory oversight, market integrity, and protection of investor interests,\u201d the order said.
\nThe MSRD denied Villar Land\u2019s request for an extension to submit the reports by Aug. 31.
\n\u201cThe company has been afforded a significant period, from Jan. 1, 2025 to the original due date of April 15, 2025, the extended deadline of April 30, 2025, and the additional extension granted by the commission until June 30, 2025, to complete the preparation and submission of the 2024 audited financial statement (AFS),\u201d the order said.
\nAccording to the order, Villar Land was unable to file its annual and quarterly reports while reviewing the valuation of previously acquired companies holding land in the 3,500-hectare Villar City development.
\nOn Sept. 30 last year, Villar Land purchased Althorp Land Holdings, Inc., Chalgrove Properties, Inc., and Los Valores Corp., which collectively own 366 hectares of land, under a P5.2-billion deal.
\nThe order noted that the delays followed requests from Villar Land\u2019s external auditor, Punongbayan & Araullo (P&A), to review the fair value of the acquired properties.
\nVillar Land initially tapped SEC-accredited asset valuer E-Value Phils, Inc. to prepare an appraisal report, which resulted in a P1.33-trillion value gain. P&A then requested Crown Property Appraisal Corp. to serve as an independent expert to review the properties, which generated a lower gain of P8.63 billion.
\n\u201cIn light of the protracted process that the company was constrained to take in order to meet the requirements of its external auditor, and in order to ensure that the company would be able to finalize and issue its 2024 AFS at the earliest possible time, the company agreed with P&A that it will accept the most conservative valuation for the assets\u2026,\u201d the order showed.
\n\u201cThis delay could have been avoided through earlier engagement with auditors, and more efficient management of the valuation issues,\u201d it added.
\nIn a statement, Villar Land said it will respond to the SEC\u2019s order in due course and welcomed the opportunity to provide its explanation regarding the issues raised.
\n\u201cWe wish to clarify that the delay in the filing of the annual report and the first-quarter 2025 quarterly report of Villar Land is not due to the refusal of its external auditor to sign the 2024 AFS. The delay was caused by the auditor\u2019s varying requests for additional audit procedures in the course of their review of the valuation of the Villar City properties that were acquired by Villar Land in 2024,\u201d it said.
\n\u201cWe also want to highlight the fact that while the company firmly believes that it is the fair value of the Villar City properties that should be reflected in its financial statements, in the interest of securing the immediate release of the 2024 Audited Financial Statements, it had reluctantly proposed to the external auditors the use of cost basis in recording the value of the same properties,\u201d it added.
\nVillar Land announced on March 28 that its 2024 net income rose to P999.72 billion from P1.46 billion the prior year, on fair value gains on investment properties that increased to P1.33 trillion from P59 million in 2023.
\nThe MSRD noted that the figures in the March 28 disclosure, which were later reported to be subject to audit, \u201ccould very well mislead the investing public.\u201d
\nVillar Land was directed to show cause why it should not be held liable for violations of Sections 26.3 and 54.1(c) of the SRC; violation of Section 8(c) of the Financial Products and Services Consumer Protection Act; and violation of Section 30, in relation to Section 158, of the Revised Corporation Code.
\nTrading of Villar Land shares has been suspended since May 16 for failing to file its financial reports. The suspension remains in effect as of writing.
\nVillar Land postponed its annual stockholders\u2019 meeting to Oct. 20 from the original schedule of Sept. 3.
\nVillar Land shares were unchanged at P2,296 per share as of May 15.
\n", "content_text": "By Revin Mikhael D. Ochave, Reporter\nLISTED Villar Land Holdings Corp. and its top officials were fined a total of P12 million by the Securities and Exchange Commission (SEC) for failing to submit its 2024 annual report and first-quarter report for 2025.\nIn an order dated Aug. 18, the SEC Markets and Securities Regulation Department (MSRD) issued the maximum P1-million administrative fine each against Villar Land and 11 officials, totaling P12 million, in lieu of suspending the company\u2019s registration statement and permit to offer and sell securities.\nThe order applies to Villar Land\u2019s senior executives, including Chairman Manuel B. Villar, Jr.; President Cynthia J. Javarez; directors and incumbent Senators Mark A. Villar and Camille A. Villar; and director Manuel Paolo A. Villar.\nOther officials named are independent directors Ana Marie V. Pagsibigan and Garth F. Castaneda; chief financial officer, chief information officer, treasurer, and investor relations officer Estrellita S. Tan; corporate secretary Gemma M. Santos; assistant corporate secretary Ma. Nalen S.J. Rosero; and compliance officer Kate D. Cator.\nThe MSRD also imposed a P2,000 administrative fine each for every day of delay starting July 1 until Villar Land, formerly known as Golden MV Holdings, Inc., submits its 2024 annual report and first-quarter report.\n\u201cThe timely submission of annual and quarterly reports is mandatory and non-negotiable under the Securities Regulation Code (SRC) and its implementing rules and regulations. These reports are critical for regulatory oversight, market integrity, and protection of investor interests,\u201d the order said.\nThe MSRD denied Villar Land\u2019s request for an extension to submit the reports by Aug. 31.\n\u201cThe company has been afforded a significant period, from Jan. 1, 2025 to the original due date of April 15, 2025, the extended deadline of April 30, 2025, and the additional extension granted by the commission until June 30, 2025, to complete the preparation and submission of the 2024 audited financial statement (AFS),\u201d the order said.\nAccording to the order, Villar Land was unable to file its annual and quarterly reports while reviewing the valuation of previously acquired companies holding land in the 3,500-hectare Villar City development.\nOn Sept. 30 last year, Villar Land purchased Althorp Land Holdings, Inc., Chalgrove Properties, Inc., and Los Valores Corp., which collectively own 366 hectares of land, under a P5.2-billion deal.\nThe order noted that the delays followed requests from Villar Land\u2019s external auditor, Punongbayan & Araullo (P&A), to review the fair value of the acquired properties.\nVillar Land initially tapped SEC-accredited asset valuer E-Value Phils, Inc. to prepare an appraisal report, which resulted in a P1.33-trillion value gain. P&A then requested Crown Property Appraisal Corp. to serve as an independent expert to review the properties, which generated a lower gain of P8.63 billion.\n\u201cIn light of the protracted process that the company was constrained to take in order to meet the requirements of its external auditor, and in order to ensure that the company would be able to finalize and issue its 2024 AFS at the earliest possible time, the company agreed with P&A that it will accept the most conservative valuation for the assets\u2026,\u201d the order showed.\n\u201cThis delay could have been avoided through earlier engagement with auditors, and more efficient management of the valuation issues,\u201d it added.\nIn a statement, Villar Land said it will respond to the SEC\u2019s order in due course and welcomed the opportunity to provide its explanation regarding the issues raised.\n\u201cWe wish to clarify that the delay in the filing of the annual report and the first-quarter 2025 quarterly report of Villar Land is not due to the refusal of its external auditor to sign the 2024 AFS. The delay was caused by the auditor\u2019s varying requests for additional audit procedures in the course of their review of the valuation of the Villar City properties that were acquired by Villar Land in 2024,\u201d it said.\n\u201cWe also want to highlight the fact that while the company firmly believes that it is the fair value of the Villar City properties that should be reflected in its financial statements, in the interest of securing the immediate release of the 2024 Audited Financial Statements, it had reluctantly proposed to the external auditors the use of cost basis in recording the value of the same properties,\u201d it added.\nVillar Land announced on March 28 that its 2024 net income rose to P999.72 billion from P1.46 billion the prior year, on fair value gains on investment properties that increased to P1.33 trillion from P59 million in 2023.\nThe MSRD noted that the figures in the March 28 disclosure, which were later reported to be subject to audit, \u201ccould very well mislead the investing public.\u201d\nVillar Land was directed to show cause why it should not be held liable for violations of Sections 26.3 and 54.1(c) of the SRC; violation of Section 8(c) of the Financial Products and Services Consumer Protection Act; and violation of Section 30, in relation to Section 158, of the Revised Corporation Code.\nTrading of Villar Land shares has been suspended since May 16 for failing to file its financial reports. The suspension remains in effect as of writing.\nVillar Land postponed its annual stockholders\u2019 meeting to Oct. 20 from the original schedule of Sept. 3.\nVillar Land shares were unchanged at P2,296 per share as of May 15.", "date_published": "2025-08-22T00:03:53+08:00", "date_modified": "2025-08-21T18:59:46+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2025/06/SDP-1.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate", "Editors' Picks" ], "summary": "LISTED Villar Land Holdings Corp. and its top officials were fined a total of P12 million by the Securities and Exchange Commission (SEC) for failing to submit its 2024 annual report and first-quarter report for 2025." }, { "id": "/?p=693069", "url": "/corporate/2025/08/22/693069/dl-to-proceed-with-second-biodiesel-plant/", "title": "D&L to proceed with second biodiesel plant", "content_html": "LISTED food ingredients and oleochemicals producer D&L Industries, Inc. will proceed with its planned second biodiesel plant to increase capacity despite the recent suspension of the government-mandated blend increase.
\n\u201cEven if the (blend) increase was postponed, it was not canceled. It will only be done at a later date. It would still make sense to proceed with more capacity for biodiesel,\u201d D&L President and Chief Executive Officer Alvin D. Lao told reporters recently.
\n\u201cIt\u2019s still in the planning stages. I would say it\u2019s probably a matter of when, not if. There\u2019s a high probability we will make a second plant. In terms of when, how big, or how much we\u2019ll spend, we\u2019re not there yet,\u201d he added.
\nThe Department of Energy issued an advisory last month announcing the suspension of the planned increase in the coco methyl ester (CME) component of biodiesel amid high coconut oil prices that could impact pump prices.
\nThe increase to a 4% biodiesel blend was supposed to be implemented on Oct. 1, rising to 5% a year later.
\nMr. Lao said that a second biodiesel plant \u201cmakes sense\u201d for D&L moving forward.
\nD&L subsidiary Chemrez Technologies, Inc. operates a biodiesel plant in Quezon City with an annual capacity of 90 million liters.
\n\u201cThe fact that we made that announcement, it\u2019s something we\u2019re very serious about,\u201d Mr. Lao said.
\nIn March, D&L said it was evaluating the risks and returns of building a second biodiesel plant.
\nThe company added that the decision depends on how the plant would align with its growth objectives and the goal of maximizing long-term shareholder value.
\n\u201cD&L maintains a positive long-term outlook on the local biodiesel sector, recognizing the significant benefits that an increased biodiesel blend can offer to the economy, environment, and consumers,\u201d it said.
\nIn October last year, the CME blend in diesel was raised to 3% from 2%, in support of efforts to lower dependence on imported fuel, reduce greenhouse gas emissions, and support the biodiesel industry.
\nD&L shares were last traded on Aug. 20, unchanged at P5 apiece. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "LISTED food ingredients and oleochemicals producer D&L Industries, Inc. will proceed with its planned second biodiesel plant to increase capacity despite the recent suspension of the government-mandated blend increase.\n\u201cEven if the (blend) increase was postponed, it was not canceled. It will only be done at a later date. It would still make sense to proceed with more capacity for biodiesel,\u201d D&L President and Chief Executive Officer Alvin D. Lao told reporters recently.\n\u201cIt\u2019s still in the planning stages. I would say it\u2019s probably a matter of when, not if. There\u2019s a high probability we will make a second plant. In terms of when, how big, or how much we\u2019ll spend, we\u2019re not there yet,\u201d he added.\nThe Department of Energy issued an advisory last month announcing the suspension of the planned increase in the coco methyl ester (CME) component of biodiesel amid high coconut oil prices that could impact pump prices.\nThe increase to a 4% biodiesel blend was supposed to be implemented on Oct. 1, rising to 5% a year later.\nMr. Lao said that a second biodiesel plant \u201cmakes sense\u201d for D&L moving forward.\nD&L subsidiary Chemrez Technologies, Inc. operates a biodiesel plant in Quezon City with an annual capacity of 90 million liters.\n\u201cThe fact that we made that announcement, it\u2019s something we\u2019re very serious about,\u201d Mr. Lao said.\nIn March, D&L said it was evaluating the risks and returns of building a second biodiesel plant.\nThe company added that the decision depends on how the plant would align with its growth objectives and the goal of maximizing long-term shareholder value.\n\u201cD&L maintains a positive long-term outlook on the local biodiesel sector, recognizing the significant benefits that an increased biodiesel blend can offer to the economy, environment, and consumers,\u201d it said.\nIn October last year, the CME blend in diesel was raised to 3% from 2%, in support of efforts to lower dependence on imported fuel, reduce greenhouse gas emissions, and support the biodiesel industry.\nD&L shares were last traded on Aug. 20, unchanged at P5 apiece. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-22T00:02:52+08:00", "date_modified": "2025-08-21T18:59:18+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2025/01/DNL-Facility.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate" ] }, { "id": "/?p=693008", "url": "/stock-market/2025/08/21/693008/stocks-may-rise-before-powell-speech-bsp-meet/", "title": "Stocks may rise before Powell speech, BSP meet", "content_html": "PHILIPPINE SHARES may rise slightly when the market reopens on Friday as investors reposition before the US Federal Reserve Chair Jerome H. Powell\u2019s speech at their annual gathering and the Bangko Sentral ng Pilipinas\u2019 (BSP) policy meeting next week, where it is expected to deliver a third straight rate cut.
\nOn Wednesday, the Philippine Stock Exchange index (PSEi) inched up by 0.20 point to close at 6,277.87, while the broader all shares index slipped by 0.07% or 2.76 points to end at 3,735.14. The market was closed on Thursday for the Ninoy Aquino Day holiday.
\n\u201cThere can be muted technical correction ahead of next week due to an oversold market,\u201d First Metro Investment Corp. Head of Research Cristina S. Ulang said in a Viber message.
\nThe PSEi has been moving sideways in the past few days, staying at the 6,200 level due to a lack of fresh catalysts before the US Federal Reserve\u2019s annual Jackson Hole symposium.
\nMr. Powell is scheduled to make a speech at the gathering on Friday, which markets will monitor for potential hints of the direction of monetary policy in the world\u2019s largest economy amid expectations of a Fed cut next month, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.
\nThe Fed has kept its target rate at the 4.25%-4.5% range since December 2024.
\nTraders ramped up bets for a September cut following a surprisingly weak payrolls report at the start of this month, and were further encouraged after consumer price data showed limited upward pressure from tariffs, Reuters reported. However, a hotter-than-expected producer price reading last week complicated the policy picture.
\nMinutes out overnight from the Fed\u2019s July gathering, when policymakers voted to keep rates steady, suggested that Fed Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller were alone in pushing for a rate cut.
\nThat led traders to pare back odds to 80% for a quarter-point Fed rate cut on Sept. 17, down from 84% 24 hours earlier. They are currently pricing in a total of 53 basis points of easing over the rest of the year.
\nAnother key catalyst for the market is the BSP\u2019s Aug. 28 policy meeting, where the market expects a third straight 25-basis-point reduction, Mr. Ricafort said.
\nThis would \u201clower borrowing costs that would help spur more demand for credit and, in turn, spur more economic activities and overall GDP (gross domestic product) growth,\u201d he added.
\nMr. Ricafort placed the PSEi\u2019s immediate support at 6,204.04 and immediate major resistance at 6,370.
\nBSP Governor Eli M. Remolona, Jr. said last week that a rate cut is \u201cquite likely\u201d at the Monetary Board\u2019s meeting next week.
\nMr. Remolona added that they could lower benchmark rates by only two more times for the remainder of the year, including the possible move on Aug. 28, as they expect inflation to stay within the 2-4% target. \u2014 R.M.D. Ochave with Reuters
\n", "content_text": "PHILIPPINE SHARES may rise slightly when the market reopens on Friday as investors reposition before the US Federal Reserve Chair Jerome H. Powell\u2019s speech at their annual gathering and the Bangko Sentral ng Pilipinas\u2019 (BSP) policy meeting next week, where it is expected to deliver a third straight rate cut.\nOn Wednesday, the Philippine Stock Exchange index (PSEi) inched up by 0.20 point to close at 6,277.87, while the broader all shares index slipped by 0.07% or 2.76 points to end at 3,735.14. The market was closed on Thursday for the Ninoy Aquino Day holiday.\n\u201cThere can be muted technical correction ahead of next week due to an oversold market,\u201d First Metro Investment Corp. Head of Research Cristina S. Ulang said in a Viber message.\nThe PSEi has been moving sideways in the past few days, staying at the 6,200 level due to a lack of fresh catalysts before the US Federal Reserve\u2019s annual Jackson Hole symposium.\nMr. Powell is scheduled to make a speech at the gathering on Friday, which markets will monitor for potential hints of the direction of monetary policy in the world\u2019s largest economy amid expectations of a Fed cut next month, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.\nThe Fed has kept its target rate at the 4.25%-4.5% range since December 2024.\nTraders ramped up bets for a September cut following a surprisingly weak payrolls report at the start of this month, and were further encouraged after consumer price data showed limited upward pressure from tariffs, Reuters reported. However, a hotter-than-expected producer price reading last week complicated the policy picture.\nMinutes out overnight from the Fed\u2019s July gathering, when policymakers voted to keep rates steady, suggested that Fed Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller were alone in pushing for a rate cut.\nThat led traders to pare back odds to 80% for a quarter-point Fed rate cut on Sept. 17, down from 84% 24 hours earlier. They are currently pricing in a total of 53 basis points of easing over the rest of the year.\nAnother key catalyst for the market is the BSP\u2019s Aug. 28 policy meeting, where the market expects a third straight 25-basis-point reduction, Mr. Ricafort said.\nThis would \u201clower borrowing costs that would help spur more demand for credit and, in turn, spur more economic activities and overall GDP (gross domestic product) growth,\u201d he added.\nMr. Ricafort placed the PSEi\u2019s immediate support at 6,204.04 and immediate major resistance at 6,370.\nBSP Governor Eli M. Remolona, Jr. said last week that a rate cut is \u201cquite likely\u201d at the Monetary Board\u2019s meeting next week.\nMr. Remolona added that they could lower benchmark rates by only two more times for the remainder of the year, including the possible move on Aug. 28, as they expect inflation to stay within the 2-4% target. \u2014 R.M.D. Ochave with Reuters", "date_published": "2025-08-21T21:00:50+08:00", "date_modified": "2025-08-21T17:53:34+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2022/06/PSE-BGC.jpg", "tags": [ "Revin Mikhael D. Ochave", "Editors' Picks", "One News", "Stock Market", "大象传媒" ] }, { "id": "/?p=692911", "url": "/corporate/2025/08/21/692911/hotel101-to-open-2-hotels-in-cambodia-by-2028/", "title": "Hotel101 to open 2 hotels in Cambodia by 2028", "content_html": "HOTEL101 GLOBAL Pte. Ltd., the Singapore-based unit of DoubleDragon Corp. (DD), is building two hotel projects in Cambodia that are slated for completion by 2028.
\nHotel101 entered into definitive agreements with Cambodian real estate developer Canopy Sands Development Co. Ltd. to develop the 700-room Hotel101-Phnom Penh and the 680-room Hotel101-Sihanoukville, the company said in an e-mailed statement on Wednesday.
\nThe two projects are expected to generate P6.3 billion ($109.55 million) in total sales revenue once fully sold and will be among the largest hotels in Cambodia in terms of room count upon completion, it noted.
\n\u201cThese landmark developments, the first to be located in Phnom Penh, the capital and commercial hub of Cambodia, and the second to be located at Bay of Lights in Sihanoukville, a burgeoning financial and tourism beacon, mark a pivotal step in Hotel101\u2019s long-term vision to operate 1 million hotel rooms across 100 countries,\u201d Hotel101 said.
\nThe 30-floor Hotel101-Phnom Penh will rise on a 2,033-square-meter (sq.m.) parcel of land in the Tonl\u00e9 Bassac district. It is near landmarks such as the Boeung Keng Kang upscale district, Aeon Mall 1, and the Independence Monument.
\nThe project will include kitchenettes, a swimming pool, a fitness gym, all-day dining, a business center, function rooms, and commercial spaces.
\nThe Hotel101-Sihanoukville will rise on a 4,623-sq.m. parcel of land within the $16-billion, 934-hectare Bay of Lights master-planned coastal development led by Canopy Sands Development. It will be located near Sihanoukville airport.
\nBoth projects will feature Hotel101\u2019s standardized 21-sq.m. \u201cHappyRoom\u201d units.
\nHotel101 said the expansion seeks to take advantage of Cambodia\u2019s 6.7 million international visitors last year, a figure expected to rise further with the opening of the new Techo International Airport in Phnom Penh on Sept. 9.
\nCambodia is the sixth country with a Hotel101 presence after the Philippines, Japan, Spain, the United States, and Saudi Arabia. Other Hotel101 projects under development are in Niseko, Japan (482 rooms), Madrid, Spain (680 rooms), and Los Angeles, USA (about 622 rooms).
\nDD shares fell by 1.72% or 17 centavos to P9.71 apiece on Wednesday. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "HOTEL101 GLOBAL Pte. Ltd., the Singapore-based unit of DoubleDragon Corp. (DD), is building two hotel projects in Cambodia that are slated for completion by 2028.\nHotel101 entered into definitive agreements with Cambodian real estate developer Canopy Sands Development Co. Ltd. to develop the 700-room Hotel101-Phnom Penh and the 680-room Hotel101-Sihanoukville, the company said in an e-mailed statement on Wednesday.\nThe two projects are expected to generate P6.3 billion ($109.55 million) in total sales revenue once fully sold and will be among the largest hotels in Cambodia in terms of room count upon completion, it noted.\n\u201cThese landmark developments, the first to be located in Phnom Penh, the capital and commercial hub of Cambodia, and the second to be located at Bay of Lights in Sihanoukville, a burgeoning financial and tourism beacon, mark a pivotal step in Hotel101\u2019s long-term vision to operate 1 million hotel rooms across 100 countries,\u201d Hotel101 said.\nThe 30-floor Hotel101-Phnom Penh will rise on a 2,033-square-meter (sq.m.) parcel of land in the Tonl\u00e9 Bassac district. It is near landmarks such as the Boeung Keng Kang upscale district, Aeon Mall 1, and the Independence Monument.\nThe project will include kitchenettes, a swimming pool, a fitness gym, all-day dining, a business center, function rooms, and commercial spaces.\nThe Hotel101-Sihanoukville will rise on a 4,623-sq.m. parcel of land within the $16-billion, 934-hectare Bay of Lights master-planned coastal development led by Canopy Sands Development. It will be located near Sihanoukville airport.\nBoth projects will feature Hotel101\u2019s standardized 21-sq.m. \u201cHappyRoom\u201d units.\nHotel101 said the expansion seeks to take advantage of Cambodia\u2019s 6.7 million international visitors last year, a figure expected to rise further with the opening of the new Techo International Airport in Phnom Penh on Sept. 9.\nCambodia is the sixth country with a Hotel101 presence after the Philippines, Japan, Spain, the United States, and Saudi Arabia. Other Hotel101 projects under development are in Niseko, Japan (482 rooms), Madrid, Spain (680 rooms), and Los Angeles, USA (about 622 rooms).\nDD shares fell by 1.72% or 17 centavos to P9.71 apiece on Wednesday. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-21T00:10:25+08:00", "date_modified": "2025-08-20T20:30:25+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2025/08/HOTEL101-SIHANOUKVILLE-.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate", "Editors' Picks" ] }, { "id": "/?p=692842", "url": "/corporate/2025/08/21/692842/unicapital-cuts-psei-year-end-forecast-to-7100/", "title": "Unicapital cuts PSEi year-end forecast to 7,100", "content_html": "LOCAL BROKERAGE Unicapital Securities, Inc. has lowered its year-end forecast for the Philippine Stock Exchange index (PSEi) to 7,100 from 7,800, citing slower corporate earnings growth.
\n\u201cWe forecast the PSEi to reach 7,100 by yearend as we expect corporate earnings to increase by 8% in 2025, with an implied price-to-earnings ratio of 12x,\u201d Unicapital Securities Equity Research Analyst Peter Louise D.C. Garnace said in a briefing on Wednesday.
\n\u201cWe reduced our earnings per share assumption from 10% to 8% given the uncertainties related to global trade tensions,\u201d he added.
\nMr. Garnace said the PSEi would be supported by easing inflation, prospects of further interest rate cuts, resilient economic growth, and \u201cundemanding\u201d valuations.
\n\u201cMoving into the second half, we continue to see policy easing as a key tailwind for the market, underpinned by continued easing of inflation rate, and the government\u2019s target to spur the local economy,\u201d he said.
\n\u201cWe continue to see the disinflationary trend for price levels, and this is driven by the decline in rice and oil prices,\u201d he added.
\nPhilippine inflation slowed to a near six-year low of 0.9% in July as utilities and food costs continued to ease.
\nHowever, Mr. Garnace noted risks to the projection, including inflationary pressure from United States tariffs, global oil price volatility, trade disruptions, and geopolitical tensions.
\nUnicapital Securities Equity Research Analyst Jeri R. Alfonso said the PSEi projection relies on the resilience of sectors such as consumer, real estate investment trusts (REITs), and utilities.
\n\u201cWe see the Filipino household seeing a bit more cash in their pockets this year because of the inflation stabilizing. Aside from that, we want to note that the recent minimum wage increase will help the consumer sector narrative,\u201d she said.
\n\u201cOur role is to translate these numbers into actionable strategies for investors, so they can position ahead of the curve and benefit from the industries shaping the Philippines\u2019 growth story. We believe the Philippines is not just turning the corner but is positioning to lead Southeast Asia\u2019s growth race in 2025,\u201d Unicapital Securities President Maria Concepcion Y. Fernandez said.
\nThe main PSE index inched up by 0.003% or 0.20 point to 6,277.87, while the broader all shares index slipped by 0.07% or 2.76 points to 3,735.14 on Wednesday. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "LOCAL BROKERAGE Unicapital Securities, Inc. has lowered its year-end forecast for the Philippine Stock Exchange index (PSEi) to 7,100 from 7,800, citing slower corporate earnings growth.\n\u201cWe forecast the PSEi to reach 7,100 by yearend as we expect corporate earnings to increase by 8% in 2025, with an implied price-to-earnings ratio of 12x,\u201d Unicapital Securities Equity Research Analyst Peter Louise D.C. Garnace said in a briefing on Wednesday.\n\u201cWe reduced our earnings per share assumption from 10% to 8% given the uncertainties related to global trade tensions,\u201d he added.\nMr. Garnace said the PSEi would be supported by easing inflation, prospects of further interest rate cuts, resilient economic growth, and \u201cundemanding\u201d valuations.\n\u201cMoving into the second half, we continue to see policy easing as a key tailwind for the market, underpinned by continued easing of inflation rate, and the government\u2019s target to spur the local economy,\u201d he said.\n\u201cWe continue to see the disinflationary trend for price levels, and this is driven by the decline in rice and oil prices,\u201d he added.\nPhilippine inflation slowed to a near six-year low of 0.9% in July as utilities and food costs continued to ease.\nHowever, Mr. Garnace noted risks to the projection, including inflationary pressure from United States tariffs, global oil price volatility, trade disruptions, and geopolitical tensions.\nUnicapital Securities Equity Research Analyst Jeri R. Alfonso said the PSEi projection relies on the resilience of sectors such as consumer, real estate investment trusts (REITs), and utilities.\n\u201cWe see the Filipino household seeing a bit more cash in their pockets this year because of the inflation stabilizing. Aside from that, we want to note that the recent minimum wage increase will help the consumer sector narrative,\u201d she said. \n\u201cOur role is to translate these numbers into actionable strategies for investors, so they can position ahead of the curve and benefit from the industries shaping the Philippines\u2019 growth story. We believe the Philippines is not just turning the corner but is positioning to lead Southeast Asia\u2019s growth race in 2025,\u201d Unicapital Securities President Maria Concepcion Y. Fernandez said.\nThe main PSE index inched up by 0.003% or 0.20 point to 6,277.87, while the broader all shares index slipped by 0.07% or 2.76 points to 3,735.14 on Wednesday. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-21T00:08:40+08:00", "date_modified": "2025-08-20T20:28:40+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2021/08/PSE-720p-2.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate", "Editors' Picks" ] }, { "id": "/?p=692834", "url": "/corporate/2025/08/21/692834/metro-pacific-teams-up-with-mitsui-steelasia-to-study-steel-recycling-system/", "title": "Metro Pacific teams up with Mitsui, SteelAsia to study steel recycling system", "content_html": "PANGILINAN-LED conglomerate Metro Pacific Investments Corp. (MPIC) has teamed up with Mitsui & Co. (Asia Pacific) Pte. Ltd. Manila Branch (Mitsui) and SteelAsia Manufacturing Corp. to study the creation of a closed-loop steel recycling system.
\nThe three groups will assess the feasibility of a model in which steel scraps from MPIC\u2019s supply chain will be bought by Mitsui and recycled by SteelAsia, which will then be sold back to the market for potential use in infrastructure projects.
\nMPIC said the initiative seeks to maximize the value of steel, reduce reliance on newly mined materials, cut carbon emissions, and keep resources in continuous productive use.
\n\u201cThis initiative goes beyond just recycling, it represents a fundamental shift on how we approach sustainable growth,\u201d MPIC Chief Finance, Risk, and Sustainability Officer June Cheryl A. Cabal-Revilla said in an e-mailed statement on Wednesday.
\n\u201cA closed-loop system for steel means less extraction, fewer emissions, and stronger local supply chains. This model delivers lasting value for the economy, the environment and our communities,\u201d she added.
\nMPIC is one of the three key Philippine units of Hong Kong-based First Pacific Co. Ltd., alongside Philex Mining Corp. and PLDT Inc.
\nHastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., holds a majority stake in 大象传媒 through the Philippine Star Group, which it controls. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "PANGILINAN-LED conglomerate Metro Pacific Investments Corp. (MPIC) has teamed up with Mitsui & Co. (Asia Pacific) Pte. Ltd. Manila Branch (Mitsui) and SteelAsia Manufacturing Corp. to study the creation of a closed-loop steel recycling system.\nThe three groups will assess the feasibility of a model in which steel scraps from MPIC\u2019s supply chain will be bought by Mitsui and recycled by SteelAsia, which will then be sold back to the market for potential use in infrastructure projects.\nMPIC said the initiative seeks to maximize the value of steel, reduce reliance on newly mined materials, cut carbon emissions, and keep resources in continuous productive use.\n\u201cThis initiative goes beyond just recycling, it represents a fundamental shift on how we approach sustainable growth,\u201d MPIC Chief Finance, Risk, and Sustainability Officer June Cheryl A. Cabal-Revilla said in an e-mailed statement on Wednesday.\n\u201cA closed-loop system for steel means less extraction, fewer emissions, and stronger local supply chains. This model delivers lasting value for the economy, the environment and our communities,\u201d she added.\nMPIC is one of the three key Philippine units of Hong Kong-based First Pacific Co. Ltd., alongside Philex Mining Corp. and PLDT Inc.\nHastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., holds a majority stake in 大象传媒 through the Philippine Star Group, which it controls. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-21T00:02:37+08:00", "date_modified": "2025-08-20T20:24:22+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2025/08/steelasia-cutbend.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate" ] }, { "id": "/?p=692833", "url": "/corporate/2025/08/21/692833/sm-says-it-is-broadening-entertainment-offerings-to-boost-engagement/", "title": "SM says it is broadening entertainment offerings to boost engagement", "content_html": "SY-LED conglomerate SM Investments Corp. (SMIC) is expanding its entertainment offerings in malls, convention centers, and arenas to respond to growing consumer demand, particularly from younger Filipinos.
\n\u201cAt SM, we recognize the younger generation\u2019s growing preference for experiences, and this shift opens new opportunities for growth across our businesses,\u201d SMIC President and Chief Executive Officer Frederic C. DyBuncio said in an e-mailed statement on Wednesday.
\n\u201cWe are broadening our entertainment offerings to strengthen engagement and create long-term value across the SM ecosystem,\u201d he added.
\nSMIC said it is transforming its malls, convention centers, and arenas into multi-dimensional experience hubs to cater to emerging demand.
\nSM Supermalls Executive Vice-President for Marketing Joaquin L. San Agustin said the malls have adjusted their marketing efforts since emerging segments, led by millennials and Gen Zs, now value experience, the feeling of inclusivity, community involvement, and sustainability.
\n\u201cThat is why our marketing efforts, including entertainment events, are now geared toward targeting communities, or what we call \u2018tribes.\u2019 These are your gamers, geeks, foodies, and the many fandoms sprouting, who like more interactive and personalized experiences. The mall has become their entertainment hub and their escape,\u201d Mr. San Agustin said.
\nSM said its Mall of Asia (MOA) Arena in Pasay continues to host international acts and will soon be complemented by a larger area in Cebu.
\n\u201cProduction value is a whole lot better at the MOA Arena because the building is able to accommodate the creative demands of big events and top-tier acts, especially for multi-sensory experiences. We see the value in constructing world-class venues in key areas that would be able to support their economic growth,\u201d MOA Arena Vice-President for Arena Operations Arnel C. Gonzales said.
\nSM added that entertainment drives consumer traffic across group businesses, strengthens partnerships with global content providers, and creates shared spaces for leisure and wellness.
\nMeanwhile, SMX Convention Center has seen higher attendance and bookings for fan meets, gaming expos, and pop culture conventions since late 2023.
\n\u201cOver the past year, there’s been a remarkable increase in event bookings, ticket sales, and audience turnout at our venues, particularly for entertainment-driven events. This upward trend gathered momentum in late 2023 and continued to grow steadily through 2024 into this year,\u201d SMX Convention Center Vice-President and General Manager Michael Jaey C. Alba\u00f1a said.
\n\u201cEven weekday events are seeing rising attendance, indicating that audiences are actively making time \u2014 and room in their budgets \u2014 for these experiences,\u201d he added.
\nSM said its group is also positioned to tap the country\u2019s P1.94-trillion creative economy. Through SMIC SG Holdings, SM became the first Philippine company to invest in Klook, the Asia-based travel and experiences platform.
\nOne-stop logistics solutions provider 2GO features karaoke lounges and video arcades in its vessels, while BDO Unibank, Inc. and China Banking Corp. also integrate lifestyle and travel-related rewards into customer programs.
\nSMIC shares declined by 1.76% or P14 to P781 per share on Wednesday. \u2014 Revin Mikhael D. Ochave
\n", "content_text": "SY-LED conglomerate SM Investments Corp. (SMIC) is expanding its entertainment offerings in malls, convention centers, and arenas to respond to growing consumer demand, particularly from younger Filipinos.\n\u201cAt SM, we recognize the younger generation\u2019s growing preference for experiences, and this shift opens new opportunities for growth across our businesses,\u201d SMIC President and Chief Executive Officer Frederic C. DyBuncio said in an e-mailed statement on Wednesday.\n\u201cWe are broadening our entertainment offerings to strengthen engagement and create long-term value across the SM ecosystem,\u201d he added.\nSMIC said it is transforming its malls, convention centers, and arenas into multi-dimensional experience hubs to cater to emerging demand.\nSM Supermalls Executive Vice-President for Marketing Joaquin L. San Agustin said the malls have adjusted their marketing efforts since emerging segments, led by millennials and Gen Zs, now value experience, the feeling of inclusivity, community involvement, and sustainability.\n\u201cThat is why our marketing efforts, including entertainment events, are now geared toward targeting communities, or what we call \u2018tribes.\u2019 These are your gamers, geeks, foodies, and the many fandoms sprouting, who like more interactive and personalized experiences. The mall has become their entertainment hub and their escape,\u201d Mr. San Agustin said.\nSM said its Mall of Asia (MOA) Arena in Pasay continues to host international acts and will soon be complemented by a larger area in Cebu.\n\u201cProduction value is a whole lot better at the MOA Arena because the building is able to accommodate the creative demands of big events and top-tier acts, especially for multi-sensory experiences. We see the value in constructing world-class venues in key areas that would be able to support their economic growth,\u201d MOA Arena Vice-President for Arena Operations Arnel C. Gonzales said.\nSM added that entertainment drives consumer traffic across group businesses, strengthens partnerships with global content providers, and creates shared spaces for leisure and wellness.\nMeanwhile, SMX Convention Center has seen higher attendance and bookings for fan meets, gaming expos, and pop culture conventions since late 2023.\n\u201cOver the past year, there’s been a remarkable increase in event bookings, ticket sales, and audience turnout at our venues, particularly for entertainment-driven events. This upward trend gathered momentum in late 2023 and continued to grow steadily through 2024 into this year,\u201d SMX Convention Center Vice-President and General Manager Michael Jaey C. Alba\u00f1a said.\n\u201cEven weekday events are seeing rising attendance, indicating that audiences are actively making time \u2014 and room in their budgets \u2014 for these experiences,\u201d he added.\nSM said its group is also positioned to tap the country\u2019s P1.94-trillion creative economy. Through SMIC SG Holdings, SM became the first Philippine company to invest in Klook, the Asia-based travel and experiences platform.\nOne-stop logistics solutions provider 2GO features karaoke lounges and video arcades in its vessels, while BDO Unibank, Inc. and China Banking Corp. also integrate lifestyle and travel-related rewards into customer programs.\nSMIC shares declined by 1.76% or P14 to P781 per share on Wednesday. \u2014 Revin Mikhael D. Ochave", "date_published": "2025-08-21T00:01:36+08:00", "date_modified": "2025-08-20T20:22:47+08:00", "authors": [ { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" } ], "author": { "name": "大象传媒", "url": "/author/cedadiantityclea/", "avatar": "https://secure.gravatar.com/avatar/fc38d2668fdee8f1e2b22df5e72ae6f4ad265ab7814de4aa60060edd377a70ce?s=512&d=mm&r=g" }, "image": "/wp-content/uploads/2025/08/SM-movie.jpg", "tags": [ "Revin Mikhael D. Ochave", "Corporate" ] } ] }