Business and economic news from Cebu and the Visayas
Joined January 2021
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Ventures Cebu retweeted
Situation in the #Philippines: #ICC judges unseal arrest warrant against Ronald Marapon Dela Rosa for alleged crime against humanity. Learn more ➡️icc-cpi.pulse.ly/2zffnddxz0
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May 11
255 yes, 26 no, 9 abstain
VP Sara Duterte is impeached for the second time by the House of Representatives.
#impeachment #DuterteImpeachment
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Apr 23
Globe Telecom said about $426.4 million of its 4.2% senior perpetual capital securities were tendered and accepted for purchase, with settlement set for on or about April 24.
About $173.6 million principal amount of the securities remains outstanding.
#stocks #investment
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Apr 23
China Banking Corp. said it recorded a net income of ₱6.8 billion in Q1, up 4% from a year ago, and net interest income of ₱19.5 billion, up 14% year over year.
Chinabank also approved a regular dividend of ₱1.80 a share and a special dividend of ₱1.00 a share.
#Stocks
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Apr 23
Cebu Landmasters’ CLI Hotels and Resorts unit has opened Radisson RED Cebu Mandaue.
The hotel, which cost ₱1.99 billion to develop, is located at the Astra Centre along AS Fortuna St. and offers 144 rooms, dining spaces, and event facilities.
#Stocks #investment #hotel #tourism
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Apr 16
Jollibee said its Highlands Coffee brand achieved a “high double-digit” revenue growth year over year in 2025, and Q1 same-store sales growth was a “high single-digit” year on year. No specific figures were reported.
#stocks #investment #coffee #foodandbeverage #VietnamCoffee
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Apr 15
Following its acquisition of an 86.87% majority stake in Keppel Philippines Properties, Inc., the Gaisano-owned Forward Synergy Group, Inc. is taking over Keppel’s board, with Frank S. Gaisano as chairman and president effective today.
#stocks #investment #MergersAndAcquisitions
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Apr 15
Frank Gaisano is a former chairman and CEO of Metro Retail Stores Group, Inc. He and his siblings Margaret, Jack and Edward developed Metro Gaisano into a retail giant.
#stocks #investment #Retail #MergersAndAcqu
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Apr 15
Top Line Business Development Corp. said today that Uncle John’s will serve as anchor tenant for all Tier 1 Light Fuels stations under a partnership between Top affiliate Topline Properties and Robinsons Retail Holdings.
#stocks #investment #Retail
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Mar 19
Brent futures, global benchmark for crude oil prices, breach $110/bbl level amid attacks on Middle East oil and gas sites.
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The PSEi is down 4.8% and all sectors are in the red as of 10am amid a broader decline across the Asia-Pacific stock markets, after crude oil futures surged past $110 a barrel due to the US-Israel-Iran war.
#OilPrices #Stocks #StockMarkets #investing #IranWar #IranIsraelUSWar
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Crude oil futures have surged past $100, and are currently at $109.90 per barrel.
Contracts are for delivery in April and May. How much are the pump prices where you are now? Expect these to increase further next month.
#OilPrices #war #IranWar
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Security Bank reported 2025 net income of ₱11.6 billion, up 3% year-over-year.
Revenue increased 22% to ₱66.9 billion, with net interest income up 15% to ₱50.5 billion and total noninterest income 47% higher at ₱16.5 billion.
#stocks #investment #banking #finance #earnings
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SM Investments, holding company of SM Group, reported 2025 net income of ₱90.5 billion, up 10% yoy. Revenue rose 4% to ₱681.7 billion in 2025.
Banking contributed 49%, of its net income, SM said.
#stocks #investment #banking #finance #retail #property #realestate #earnings
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BDO said 2025 net income was ₱87.2 billion, up 6% yoy, while net interest income rose 9%, with customer loans gaining 13% to ₱3.7 trillion.
The bank approved a Q1 dividend of ₱1.10 a share, payable March 27 to shareholders as of March 13.
#banking #stocks #investment #finance
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Union Bank of the Philippines said it generated net income of ₱10 billion for 2025.
Net revenue reached ₱83.2 billion, including net interest income of ₱64.2 billion.
No comparable yearago figures were provided.
#banking #stocks #investment #finance
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Feb 25
Stores Specialists, Inc. said Marks & Spencer will shut down in the Philippines, with the last day of store operations set for May 2, 2026.
The company said it will focus on brands that "reflect the current and future direction of the market."
#marksandspencer #retail #stocks
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Feb 19
Kanlaon Volcano on Negros Island erupted at 4:38 pm today, generating a dark gray eruption plume that rose about 2,000 meters above the crater, Phivolcs said.
#KanlaonVolcano #Kanlaon #volcano
Feb 19
LOOK: A moderately explosive eruption at the summit crater of Kanlaon Volcano occurred at 04:38 PM today (19 February 2026) and lasted two (2 minutes) based on the seismic record. This event generated a dark gray eruption plume that rose 2,000 meters above the crater before drifting southwest. Pyroclastic density currents or PDCs descended the southern and southwestern upper slopes within 1 kilometer of the summit crater as recorded by the IP cameras of the Kanlaon Volcano Network. Alert Level 2 is maintained over Kanlaon Volcano and entry into the 4-kilometer-radius Permanent Danger Zone must be strictly prohibited.
#KanlaonVolcano
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Heavy rains expected in #Cebu, #Bohol and #Negros Island in the next 24 hours due to Tropical Storm #BasyangPH, with flooding and landslides possible in vulnerable areas, @dost_pagasa said.
Stay safe!
#weather #storm #WeatherUpdate
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