EastWest sets P10.80 price for rights offering
East West Banking Corp. (EastWest) has priced its planned stock rights offering at P10.80 per share, targeting gross proceeds of up to P9…
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BUSINESS
Business news, markets, economy, and industry coverage from the Philippines — Daily Tribune.
Cebu Pacific posts P96.2B revenue, domestic share at 63%
Cebu Pacific recorded P96.2 billion in revenues in the first nine months of 2026, up 10% year-on-year, as passenger demand and growth in…
Provincial housing draws P30-B bet from Ayala Land
Ayala Land Inc. plans to launch P30 billion worth of residential projects in 2027, targeting stronger sales in provincial markets after…
BSP raises credit card installment rate ceiling to 1.5%
The Bangko Sentral ng Pilipinas (BSP) has raised the ceiling on monthly add-on rates for credit card installment loans to 1.5 percent from…
CLI net income falls 15% to P2.64B despite steady revenues
Cebu Landmasters Inc. (CLI) reported consolidated net income of P2.64 billion in the first nine months of 2026, down 15% year-on-year, as…
GT Capital 9-month earnings fall 10% to P23.3B
GT Capital Holdings Inc. reported consolidated net income of P23.3 billion in the first nine months of 2026, down 10% from the same period…
CREIT earns P1.03B, maintains 6.8% dividend yield
Former US Vice President Al Gore once said that 2026 is a year where the world would transition to renewable energy. He highlighted that…
CREIT posts P1.03B profit, maintains quarterly dividend
Citicore Energy REIT Corp. (CREIT) declared a cash dividend of P0.049 per share for the third quarter of 2026 after reporting P1.03 billion…
Emperador, Megaworld drive AGI earnings to P22.3B
Alliance Global Group Inc. (AGI) reported a 5% increase in net income to P22.3 billion in the first nine months of 2026, with stronger…
ACEN appoints new Philippines CEO, CFO
ACEN Corp. has appointed Roman Miguel G. de Jesus as chief executive officer of ACEN Philippines, Ma. Cecilia T. Cruzabra as group chief…
Filinvest Land posts P17.95B reservations, profit dips 4.8%
Filinvest Land Inc. recorded P17.95 billion in residential reservation sales in the first nine months of 2026, surpassing its full-year…
SM Hotels opens first luxury rooftop events at MOA
A new rooftop events space overlooking Manila Bay is giving event organizers another option for intimate luxury gatherings in the Mall of…
PLDT faces NYSE warning over delayed annual reports
PLDT Inc. has received a notice from the New York Stock Exchange (NYSE) over its delayed annual reports for 2024 and 2025, following the…
Strong investor demand drives BankCom’s P17.4B bond sale
Strong demand from retail and institutional investors enabled Bank of Commerce (BankCom) to raise P17.4 billion from its latest peso bond…
ATI extends port deal, eyes bigger cargo volumes
Asian Terminals Inc. (ATI) has locked in control of Manila South Harbor until 2063, securing another 25 years to expand and modernize the…
P1.26B drone hub eyed in Aurora ecozone
A P1.26-billion dual-use drone hub is being proposed in Casiguran, Aurora, following an agreement between the Aurora Pacific Economic Zone…
Grab taps insider to lead Philippine growth
Grab Philippines is banking on homegrown leadership to sustain its expansion across transport, delivery, and financial services as it…
Green equity rules relaxed to attract firms
The Securities and Exchange Commission (SEC) has eased accreditation requirements for the Philippine Green Equity label to encourage more…