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Megawide raises dividend ceiling to 50%

MANILA, Philippines – Megawide Construction Corp. has raised its dividend allocation ceiling to 50 percent of its net income the previous year amid expectations of its profit tripling by 2027. The company led by tycoon Edgar Saavedra on Monday said in a disclosure that its board of directors had increased the maximum allowable dividend cash

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2026 BSP rate cut bets still alive

MANILA, Philippines – Inflation in the Philippines is expected to stay within the Bangko Sentral ng Pilipinas’ (BSP) 2 to 4 percent target in the medium term, keeping alive expectations of another rate cut in 2026 to buoy an economy that risks undershooting government growth goals. In its August 2025 Monetary Policy Report, the central

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Airport cyberattack disrupts more flights across Europe

BRUSSELS, Belgium — Fallout from a cyberattack that disrupted check-in systems at several European airports extended into a second full day on Sunday, as passengers faced dozens of canceled and delayed flights — and the impact poised to worsen for at least one major airport. Brussels Airport, seemingly the hardest hit, said it asked airlines to cancel

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Local bets dominate Damosa 5150

Local bets Eryk Omandam and Natasha Doromal-Lim bested an international field and shared the limelight on Sunday, after ruling their respective divisions in the first-ever Damosa Land 5150 Triathlon in Samal Island. The 20-year-old Omandam clocked two hours and 20:24 minutes in ruling the 1.5-kilometer swim, 40-km bike and 10-km run men’s side of the

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