West Zone concessionaire Maynilad Water Services Inc. expects to commission its new pumping station and reservoir in Valenzuela City by the third quarter of 2026, part of an ongoing effort to improve water storage and pressure across northern Metro Manila. In a statement, Maynilad said the company...
Smart Communications Inc., the wireless arm of telecommunications giant PLDT Inc., is leaning on hyper-personalized data packages to sustain revenue growth as accelerating inflation threatens to cool consumer spending. PLDT Chief Operating Officer Menardo Jimenez said the company’s ability to...
Manila Water Co. assured customers in its East Zone concession of reliable and safe water supply despite the decline in Angat Dam’s water levels, tapping an expanded portfolio of alternative sources to meet an expected surge in demand ahead of the June 8 school opening. While Angat Dam has fallen...
Cebu continues to strengthen its position as one of the country’s key economic hubs, fueled by investments in tourism, business process outsourcing, retail, and infrastructure. Colliers data highlights the province’s growing role in decentralization, with demand for flexible workspaces and...
The United States (US)-Association of Southeast Asian Nations (ASEAN) Business Council Inc. (USABC) is urging Southeast Asian governments to accelerate customs digitalization, harmonize trade procedures, strengthen anti-illicit trade enforcement, and deepen public-private cooperation to bolster...
Ayala Healthcare Holdings Inc. is betting on the growing local appetite for Japanese consumer goods, partnering with Nagoya-based Sugi Holdings Co. to launch a new chain of wellness-focused pharmacies in the Philippines. The healthcare arm of Ayala Corp., through its retail unit AC Health Pharma...
Maynilad Water Services, Inc. has retained its top rating of PRS Aaa, with a Stable Outlook, from the Philippine Rating Services Corp. (PhilRatings) for its outstanding blue bonds amounting to ₱15 billion. Obligations rated PRS Aaa are considered of the highest quality with minimal credit risk,...
After two strong weeks, the local stock market shifted downward last week and is seen remaining bearish in the coming days due to growing tensions between the United States (US) and Iran. Investors are also expected to take cues from the country’s May inflation data, which will be released on...
Philippine Exporters Confederation Inc. (Philexport) has urged the government to exercise caution in granting another minimum wage increase in Metro Manila, warning that higher labor costs could hurt exporters, micro enterprises, and the broader economy at a time of elevated inflation and slowing...
In the capital-intensive world of infrastructure in the country, power companies are usually judged by a few hard numbers: megawatts generated, grid efficiency, and the bottom line. But Meralco PowerGen Corp. (MGEN) is trying a different track. The generation arm of the Philippines’ largest...
Converge ICT Solutions Inc. has named former senior associate justice Estela Perlas-Bernabe as the new chairperson of its board of directors, leading the company in its efforts to become a prominent technology provider. In a disclosure to the Philippine Stock Exchange (PSE), Converge announced that...
MREIT Inc., the real estate investment trust backed by billionaire Andrew Tan’s Megaworld Corp., plans to acquire ₱25 billion worth of commercial assets in a deal that will transform the firm from a pure-office landlord into a diversified property trust. The company signed a memorandum of...
