Meralco Exits MSCI Philippines Index, PLDT Downgraded, Signaling Market Shifts
Meralco has been removed from the MSCI Philippines Index, a key benchmark, while PLDT has been downgraded to small-cap status. These significant shifts in index composition point towards potential changes in the Philippine stock market's structure and investor sentiment.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- BIR Eyes P3 Trillion Collections by End-November
The Bureau of Internal Revenue (BIR) is targeting to reach the P3 trillion collection mark by the end of November, driven by enhanced tax compliance efforts. As of end-October, the BIR had collected P2.8 trillion, a 5.63 percent increase year-on-year.
- GSIS Posts 13.9% Profit Surge in First Nine Months
The Government Service Insurance System (GSIS) in the Philippines reported a 13.9% year-on-year increase in net income for the first nine months of 2026, reaching P123 billion. Investment earnings and member contributions were the primary drivers.
- Customs chief set to leave post after 16 months
Customs Commissioner Ariel Nepomuceno is set to step down after 16 months in office, with reports suggesting he will move to lead the Bases Conversion and Development Authority (BCDA). During his tenure, the bureau exceeded revenue targets and conducted significant seizures of smuggled goods.
- Marcos Jr. Administration Reshuffles Key Agencies' Leadership
The Marcos administration in the Philippines is undertaking a significant reshuffle of leadership within key agencies, including the Bureau of Customs (BOC) and the Bases Conversion and Development Authority (BCDA). This move is seen as an effort to strengthen policy implementation and achieve revenue and investment targets.