PMFTC Inc. or Philip Morris Philippines purchases nearly two-thirds of all locally produced tobacco delivered to manufacturers in 2025, reaffirming its role as the country 's largest buyer of Philippine-grown tobacco amid the government 's call for farmers to expand production ahead of...
Local equities managed to carve out modest gains on Monday, July 20, holding above a key technical floor as strength in heavyweights like International Container Terminal Services Inc. (ICTSI) offset growing anxiety over rising global oil prices sparked by conflict in the Middle East. The...
Alternergy Holdings Corp. and ABC Energy Inc. completed their ₱2.3 billion transaction for two wind power projects, securing financial backing as the facilities prepare to begin commercial operations later this year. Under the finalized agreement, ABC Energy acquired a 40 percent equity stake in...
Filipino motorists now have a new place to fill up their fuel tanks, and it comes with global pedigree. Unioil Petroleum Philippines has opened the first Aramco-branded fuel station in the country, located in Sucat, Parañaque, in partnership with Aramco, one of the world 's leading...
Competition is heating up among estate developers along the C5-Libis corridor in Quezon City, with Parklinks, a joint venture (JV) between Zobel-led Ayala Land Inc. (ALI) and Lucio Tan’s Eton Properties Philippines Inc., set to open its mall next year. ALI and Eton said they are advancing the...
The primary business organization representing Filipino-Chinese entrepreneurs urged Chinese state media to take down an artificial intelligence-generated (AI) video depicting Filipinos in a derogatory manner, warning that such portrayals risk damaging long-standing trade and diplomatic ties between...
XIAMEN, China — SM Prime Holdings Inc., one of Southeast Asia’s largest integrated property developers, is investing ₱1.5 billion to expand its flagship mainland China development with a new retail and lifestyle concept targeting younger consumers. Jeffrey C. Lim, SM Prime president, said...
For 12 years, Kaia Homes has pursued a singular objective: building homes that consistently exceed both industry practice and government requirements. With the grand launch of Kaia Homes Tarlac, the company unveiled the newest benchmark offering for socialized housing: a community that delivers...
Delta Air Lines Inc. is making a direct bid for the lucrative trans-Pacific market with the introduction of its first-ever nonstop flights between Manila and Los Angeles, escalating competition among major carriers on one of the region’s busiest travel corridors. The Atlanta-based airline...
Travellers International Hotel Group Inc. launched its regulated online casino platform as the country’s brick-and-mortar gaming giants increasingly pivot to the digital space. In a statement, PhilWeb Corp. said the integrated resort operator controlled by billionaire Andrew tapped the...
Telecommunications giant Globe Telecom Inc. is borrowing ₱10 billion from state-run Land Bank of the Philippines (Landbank) to bolster funding for its network expansion initiatives. In a July 15 disclosure, Globe said it signed a loan facility with Landbank to partially fund its capital...
Saudi Arabian Oil Co., the world’s largest oil exporter, has formally returned to the domestic downstream retail market after a 17-year absence, launching its first branded service station in Parañaque City on Thursday, July 16. The opening of the station along Dr. A. Santos Avenue in...
