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PSE:TEL 21 May 2025

Internet Access in the Philippines: A Comprehensive Report

Internet Access in the Philippines: A Comprehensive Report

About 97.5 million Filipinos, or 83.8% of the population, used the internet by early 2025. Mobile SIM penetration reached 123% with over 120 million subscriptions in late 2024. Fixed broadband subscribers totaled about 7 million, dominated by PLDT and Converge. Around 18–19 million people, or 16%, remained offline due to access and affordability issues.
21 May 2025
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Stock Market Today

  • VNET Surges 25% on CATL-Linked Investors' Planned 38% Stake Purchase
    May 13, 2026, 5:58 PM EDT. VNET Group's shares jumped 25.05% to $11.28 after PJ Millennium-affiliated investors connected to battery maker CATL agreed to acquire up to 38.1% of the company. The deal involves buying 650.4 million Class A shares from current holders at about $1.45 each, representing a significant ownership shift. Trading volume spiked nearly 754% above average, signaling strong market interest. The transaction, set to close in Q4 2026, may impact VNET's governance and expansion in AI data centers in China. Meanwhile, the S&P 500 rose 0.59%, and the Nasdaq climbed 1.20%, while tech peers showed mixed movements. Investors will watch for updates on the final ownership structure and strategic implications for VNET's growth.

Latest articles

XRP Price Stalls Near $1.42 as ETF Cash Runs Into a Fed Problem

XRP Price Stalls Near $1.42 as ETF Cash Runs Into a Fed Problem

13 May 2026
XRP fell to $1.42 on Wednesday, down about 1% over 24 hours, despite U.S.-listed spot XRP ETFs posting $25.8 million in inflows Monday, their highest since January. The token’s market value stood near $88 billion with $2.29 billion in daily trading. Bitcoin and Ether also declined, as hotter U.S. inflation erased expectations for Fed rate cuts this year.
Wall Street’s Tomorrow Test: Retail Sales, Fed Rate Risk and a Trump-Xi Trade Push

Wall Street’s Tomorrow Test: Retail Sales, Fed Rate Risk and a Trump-Xi Trade Push

13 May 2026
U.S. retail sales data for April is due Thursday at 8:30 a.m. EDT, offering a key signal on consumer spending after inflation jumped. The S&P 500 and Nasdaq closed at record highs Wednesday, led by tech shares, despite producer prices posting their biggest monthly gain in four years. Prediction markets show a near-unanimous expectation that the Federal Reserve will hold rates steady in June.
Mobileye Stock Jumps 14% as Robotaxi Plans Pull Investors Back In

Mobileye Stock Jumps 14% as Robotaxi Plans Pull Investors Back In

13 May 2026
Mobileye shares surged 14.1% to $10.53 on Nasdaq Wednesday after the company reported a 27% jump in first-quarter revenue and raised its 2026 outlook. The company authorized a $250 million share buyback. After-hours trading was flat. Mobileye cited strong EyeQ chip demand but warned of risks from China market uncertainty and a recent goodwill write-down.
Fermi Stock Faces A High-Stakes Q1 Test As Founder Fight Deepens

Fermi Stock Faces A High-Stakes Q1 Test As Founder Fight Deepens

13 May 2026
Toby Neugebauer and allied shareholders filed new proxy materials to press for board changes at Fermi Inc., despite the board’s claim that the May 29 special meeting has been canceled. The group plans to use separate proxy cards for the disputed May 29 vote and a shareholder-called meeting expected around June 30. Fermi’s board opposes Neugebauer’s push for control and a quick sale. First-quarter results are due Thursday.
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