Ferronoux said it has revised its land acquisition deal with the Okada Group in Manila, cutting the plan from three parcels worth ₱4.3 billion to a single parcel valued at ₱1.5 billion. Payment will be made through the issuance of at least 356 million new common shares priced at about ₱4.26 each, subject to shareholder approval at a meeting set for August 25, 2026. The company expects full implementation of the transaction by the first quarter of 2027. The change reflects a sharp pullback in development pacing and capital allocation, adding fundamental pressure to Philippine property-development equities.

The Philippines’ three largest telecom operators have jointly launched a $500 million archipelago-wide submarine fiber backbone project to strengthen broadband resilience and international connectivity. The plan includes building new landing stations and linking into 14 international submarine cables to add redundancy. The build is expected to take 24 months, with completion targeted before June 2028. The initiative is part of national digital infrastructure and does not have a direct financial or operational impact on the listed traditional financial assets (ONUS, SUS, PLUG, BE).

Philippine Airlines (PAL) increased its five-year U.S. dollar bond by $50 million, bringing the total size to $350 million with a 7.75% coupon, and will consolidate it with the original $300 million notes due 2031. The initial deal drew an orderbook of more than $1.4 billion, implying roughly 4.5 times oversubscription. PAL said proceeds will fund long-term capital needs, fleet modernization and international route expansion. The additional notes were disclosed in a filing to the Philippine Stock Exchange.

EastWest Bank said its first-half 2026 net income fell 17% year on year to ₱3.4 billion as provisions for probable losses surged to ₱10.1 billion. Net interest income rose 21% to ₱23.1 billion and noninterest income increased 14% to ₱5.3 billion, helping lift net revenues 19% to ₱28.4 billion. Operating expenses grew 11% to ₱14 billion, while pre-provision operating profit climbed 30% to ₱14.4 billion, translating to a cost-to-income ratio of 49.3%. The bank attributed the earnings decline to higher provisions amid continued macroeconomic and geopolitical uncertainty, according to its disclosure to the Philippine Stock Exchange (PSE).

Rockwell Land Corp. will raise its ownership in Alabang Commercial Corp. by buying an additional 22.96% stake for ₱6.2 billion. The purchase increases its equity interest from 76.3% to 99.26%, giving it near-total control of the operating company behind Alabang Town Center, a 17.5-hectare prime commercial estate in Alabang, Muntinlupa. The transaction was disclosed in a filing with the Philippine Stock Exchange on July 30, 2026.

MREIT Inc., Megaworld Corp.’s Philippine REIT, reported first-half 2026 distributable income of ₱2.49 billion, up 34% year on year, as revenues rose 26% to ₱3.41 billion. Net operating income margin improved by 121 basis points to 81% on the back of recent asset acquisitions, higher occupancy and efficiency gains. The company also announced a ₱27 billion acquisition that, subject to regulatory approval, would lift its portfolio to more than 950,000 square meters.

Rizal Commercial Banking Corp. (RCBC) said its first-half 2026 net income fell 22.6% year on year to ₱4.11 billion as credit impairment provisions rose amid heightened geopolitical uncertainty. Total loans increased 9% and consumer lending jumped 22%. Net interest income climbed 18.2%, but provisioning offset the gains. The bank’s capital adequacy ratio stood at 13.4%, well above regulatory minimum requirements.

AboitizPower said first-half 2024 net income rose 45% year on year to ₱18.4 billion, while EBITA increased 27% to ₱43 billion. The company said the gains were driven by improved market power prices, higher contributions from hydro and gas generation, and the start of operations at three new solar plants in Olongapo, Armenia, and San Manuel. The results were disclosed to the Philippine Stock Exchange as the company’s generation business expansion posted its first half-year validation.

Philex Mining reported a net profit of ₱392 million in the second quarter of 2026, reversing a ₱592 million net loss in the previous quarter and more than doubling from ₱171 million a year earlier. The rebound followed the restart of its Padcal mill, where ore milled reached 1.56 million tons, up 68% quarter-on-quarter. With gold and copper prices higher, core net income rose to ₱492 million, marking a sharper-than-expected earnings turnaround tied to improved operations at its main asset.