Port operator International Container Terminal Services Inc. (ICTSI) has secured a 25-year extension of its concession to operate the country’s largest and most advanced international container terminal. In a disclosure on Thursday, July 30, ICTSI said it signed a renewal agreement with the...
Mining magnate Felipe Yap’s Lepanto Consolidated Mining Co. and its affiliate, Far Southeast Gold Resources Inc., have executed a 25-year pact with indigenous leaders in Benguet province, clearing a major hurdle toward extending mineral production rights at their flagship deposit. The memorandum...
Artificial intelligence (AI) is throwing a brief wrench into the Philippine office market, forcing companies to pause leasing decisions as they re-evaluate their long-term footprint, according to real estate consultancy Jones Lang LaSalle (JLL) Philippines Inc. In a briefing on Thursday, July 30,...
Real estate giant Ayala Land, Inc. (ALI) emerged as the top Philippine winner at the 2026 Human Capital Awards Southeast Asia, leading a group of four recognized Filipino companies. ALI took home one Gold and three Silver awards for its people-first strategies, workplace innovation, and...
Manila Electric Co. (Meralco) Chairman Manuel V. Pangilinan said the power utility is open to acquiring a stake in geothermal producer Energy Development Corp. (EDC) if the asset is formally placed on the market. Pangilinan noted that investing in the Lopez-led geothermal firm could significantly...
MREIT Inc., the real estate investment trust (REIT) of Andrew Tan-led top township developer Megaworld Corp., reported a 34-percent growth in distributable income to ₱2.49 billion in the first half of 2026, driven by its latest asset acquisition, improved portfolio occupancy, and further gains...
Aboitiz Equity Ventures, Inc. (AEV), the active portfolio management and holding company of the Aboitiz Group, reported a 63 percent jump in consolidated net income to ₱13.6 billion for the first six months of 2026. In a disclosure to the Philippine Stock Exchange, the firm said it continued to...
Kansai Electric Power Co. agreed to acquire a 14 percent equity stake in the parent company behind the 600-megawatt energy storage facility in the Philippines, the Japanese utility’s maiden investment in an overseas pumped storage hydropower project. In a disclosure to the Philippine Stock...
Jollibee Foods Corp. (JFC), one of the largest Asian food service companies, has unveiled a four-year growth plan to double Tim Ho Wan’s store network in Taiwan by advancing its franchise-led expansion strategy. The firm said it plans to increase Tim Ho Wan’s dim sum store network from 16 to 32...
Yuchengco-led Maibarara Geothermal Inc. (MGI) is looking to unlock more geothermal resources along the boundary of Batangas and Laguna provinces after awarding an exploratory drilling contract to ThermaPrime Drilling Corp. (TDC). In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday,...
A business group expressed strong opposition to a new 12.5 percent United States (US) tariff on Philippine exports, warning that the policy puts over ₱825 billion in trade at risk and threatens the livelihoods of hundreds of thousands of workers. In a statement, the Federation of Filipino Chinese...
Sy-led BDO Unibank Inc. has raised ₱132 billion from its sixth peso-denominated Association of Southeast Asian Nations (ASEAN) sustainability bonds issue, more than 26 times the original ₱5-billion offering. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, July 28, BDO said...
