SM, through the Henry Sy Foundation and SM Foundation, completed the restoration of West Visayas State University’s (WVSU) Quezon Hall in Iloilo City. The SM Group, through the Henry Sy Foundation and SM Foundation, is making inroads in the restoration of cultural landmarks that underscores its...
SM Offices, a unit of SM Prime Holdings Inc., is investing ₱6 billion to develop new office towers and workspaces, even as it is seeing strong uptake for its mall-based offices. In a disclosure to the Philippine Stock Exchange, SM Prime said the new offices to be developed this year includes Six...
SSI Group, Inc. (SSI), the Tantoco family’s retailer of upscale brands, reported a slight dip in profits to ₱2.51 billion last year from ₱2.58 billion in 2023 as a strong fourth quarter almost made up for weaker earnings earlier in 2024. In a disclosure to the Philippine Stock Exchange, the...
Century Pacific Foods Inc. (CNPF), one of the leading food companies in the Philippines, reported growth for all its product lines, except for tuna exports, as easing inflation boosts consumer confidence. According to Unicapital Securities Research Analyst Jeri R. Alfonso, the company shared a...
Signing ceremony at the SBMA Corporate Boardroom on March 20, 2025. From left to right: Olongapo City Mayor Rolen Paulino Jr., SBMA Chairman and Administrator Eduardo Jose L. Aliño, Subicwater Chairman Apollo C. Tiglao, and Subicwater CEO Benjamin E. Antonio III Subic Water and...
Cebu Landmasters' One Manresa Place in Manresa Town, Cagayan de Oro City. VisMin developer Cebu Landmasters, Inc. (CLI) is launching ₱36.4 billion worth of projects this year, 1.7 times more than last year’s ₱13.67 billion, as it aims to surpass its record revenues generated in 2024....
Globe Fintech Innovations Inc. (Mynt), the parent company of leading e-wallet GCash, has secured a 16-percent stake of AB Capital Securities Inc. (ABSCI), the stock broking arm of investment house AB Capital and Investment Corp. In its annual report to the Philippine Stock Exchange...
The Department of Energy (DOE) has warned of potential supply strains if Excellent Energy Resources Inc.’s (EERI)’s natural gas plant faces a delay in power delivery. In a media briefing on April 14, Energy Assistant Secretary Mario Marasigan said that EERI, a joint venture between Meralco...
Car sales in the Philippines rose by six percent at the end of March, totaling to over 110,000 vehicles sold, driven largely by strong demand for multi-purpose commercial vehicles. A joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers...
Emperador Inc., the liquor unit of tycoon Andrew Tan, expects a better year for its brandy business, but its whisky business faces challenges, especially with the new US trade policies. In a disclosure to the Philippine Stock Exchange, the firm said “2025 will be better than 2024” for its...
Businessman Francis Lloyd Chua’s Premiumlands Corporation (PLC) and Industrial Holdings and Development Corporation (IHDC) have finally kicked off the P255 million tender offer for a third of the capital of Asiabest Group International Inc. held by the public. In a disclosure to the...
Tycoon Lucio L. Co’s retail holding firm Cosco Capital, Inc. and The Keepers Holdings Inc. (Keepers), the Philippines’ largest imported liquor distributor, reported strong double-digit profit growth for 2024. In a disclosure to the Philippine Stock Exchange, Cosco reported a 25 percent hike in...
