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InsiderPH

@InsiderPHdotcom

Breaking news and in-depth analysis on business, economy, and industry in the Philippines. Stay informed with InsiderPH News — your insight to the 1 percent.

Philippines Katılım Şubat 2024
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Follow @InsiderPHdotcom and visit insiderph.com for timely and important business news, delivered in a fast, clear, and clutter-free format. 😎💪🏽
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‘Jaime, can you call Shell?’: Tessie Sy-Coson pitches refinery plan to Jaime Augusto Zobel de Ayala A light moment at InvestPH had SM Group vice chair Teresita Sy-Coson nudging Ayala Corp. chair Jaime Augusto Zobel de Ayala to push for a refinery. “Please do it for the country. We have to be a bit more independent,” Sy-Coson said of the multi-billion dollar investment. Zobel, whose brother Fernando sits on the board of Shell Pilipinas, played along. “I would gladly invest in it together with you, Tessie,” he said, drawing laughs from the crowd. Petron Corp., backed by tycoon Ramon S. Ang’s San Miguel Corp., is now the country’s sole remaining refinery, processing crude into fuel. The business leaders later agreed there was a need for deeper collaboration as the Philippine economy reels from the impact of ongoing energy market disruptions. Story link in the comments.
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Borrowing costs may rise if oil prices stay high, DOF chief says “The Monetary Board in its last policy meeting decided on easing,” Finance secretary Frederick Go said, referring to the recent move to lower interest rates, on the sidelines of the InvestPH business conference of the PSE. But he added that the cycle may be nearing its end, noting “we are reaching the end of the easing cycle.” “If oil prices remain high… the Monetary Board most likely will have to entertain a tightening,” he said.
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Filipino banker CuUnjieng named to board of US firm for second time A veteran Filipino dealmaker is returning to a US-listed board, marking a rare repeat appointment that signals sustained global confidence in his leadership. READ: insiderph.com/filipino-banke…
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San Miguel 2025 core profit jumps 52% to P79.6B on P1.5 trillion revenue ------ “The strength of our businesses allowed us to navigate market changes, improve profitability, and remain disciplined in how we invest," said Ramon S. Ang, the chair and CEO of SMC. READ: insiderph.com/san-miguel-202…
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