The Securities and Exchange Commission (SEC) has ordered Fuse Lending Inc. to stop its unlicensed lending operations while suspending Sumulong Financing for failing to get approval for its business plan. The Commission said it has issued a cease and desist order (CDO) against Fuse Lending for its...
Real estate giant Ayala Land Inc. is again launching residential projects in its core middle-income market after seeing a recovery in demand, which has brought down excess inventory or ready-for-occupancy (RFO) units to a comfortable level. In a press briefing, ALI President and CEO Anna Ma....
Ayala Healthcare Holdings Inc. (AC Health) and Glorious Dexa Mandaya Philippines, a subsidiary of Indonesia’s Dexa Group, have forged a strategic alliance aimed at strengthening the delivery of affordable, high-quality medicines for Filipinos. In a statement, Ayala said the partnership will...
Mobile services provider Smart Communications Inc. is kicking into the next gear of the telecommunications industry with the launch of KiQ, the country’s first app-based mobile brand designed with Gen Z in mind. Smart, the wireless unit of telecommunications giant PLDT Inc., said its new service...
Razon-led Manila Water Co. reported a 15 percent increase in its net income for the first half of 2025, from ₱6.9 billion to ₱7.9 billion, driven by strong performances from its domestic and international businesses. In a disclosure to the Philippine Stock Exchange on Friday, Aug. 8, the water...
Aboitiz Equity Ventures Inc. reported a 27 percent drop in consolidated net income of ₱8.4 billion in the first half of 2025 from the ₱11.5 billion earned in the same period last year due to lower earnings from its power and banking units, coupled with losses of its property and infrastructure...
For the first semester of 2025, Ayala Land, Inc. (ALI) posted P14.2 billion in net income, an 8 percent growth from last year, attained based on the strength of its diversified portfolio that includes premium residential, commercial and industrial spaces, retail leasing and hospitality, and...
PHINMA Corp. reported a consolidated net loss of ₱226.92 million in the first half of 2025 from a profit of ₱170.93 million in the same period last year due to losses of its construction materials and property units amid “pressure from the macroeconomic environment and the impact of seasonal...
It’s been a while, but Malacañang remains tight-lipped on the “Konektadong Pinoy” bill that aims to provide free Wi-Fi access, especially in Geographically Isolated and Disadvantaged Areas (GIDA), by liberalizing the telecommunications sector and expanding data connectivity. Yes, Virginia,...
Shakey’s Pizza Asia Ventures, Inc., one of the leading chain restaurants and food groups in the Philippines, still expects to post double-digit sales and core profit growth this year despite reporting a lower net income and flattish core earnings for the first half. In a disclosure to the...
Real estate magnate Manuel B. Villar Jr. ranks as the only Filipino in the top 100 of Bloomberg’s Billionaire’s Index, a list of the world’s 500 richest based on their total net worth. Villar placed 99th in the list with a net worth of $23.1 billion, $617 million or 2.7 percent more than a...
Broadband and technology provider Converge ICT Solutions Inc. announced that an Asia Pacific subsea cable system has reached Philippine shores, enabling the country’s digital transformation and deeper trade ties in the region. In a statement, Converge said it has now linked the Philippine branch...
