general

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

general

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