Robinsons Supermarket Corp., a wholly owned subsidiary of the Gokongwei Group’s Robinsons Retail Holdings Inc. (RRHI), is expanding into the motorcycle business by acquiring 100 percent of Lance Gokongwei’s Premiumbikes Corp. for ₱146.4 million. In a disclosure to the Philippine Stock...
Top lender BDO Unibank Inc. (BDO) of the SM Group reported a three-percent improvement in net income to ₱40.6 billion in the first half of 2025 from the ₱39.4 billion it earned in the same period last year, driven by strong performance from its core businesses. However, the firm disclosed to...
Telecommunications giant Globe Telecom Inc. has cleared another hurdle in its plan to integrate satellites into its network to serve remote communities, following the successful trial of the country’s first satellite-to-phone voice call. Globe said it recently completed a trial to test the...
Ayala Healthcare Holdings Inc. (AC Health) has added the FEU-NRMF Medical Center into its Healthway Medical Network (HMN) and commits to enhance operational efficiencies and introducing patient-centric innovations in the 5th District of Quezon City. “The Healthway FEU-NRMF Medical Center...
Investors are closely watching President Marcos ' State of the Nation Address (SONA) and second-quarter earnings reports, while concerns about United States (US) tariffs and recent typhoon damage weigh on sentiment. “The local market made a comeback last week, regaining its ground above the...
The Department of Energy (DOE) has formally re-issued “committed capacity” status for the 1,2000 Atimonan One Energy Inc. (AOE) ultra-supercritical coal-fired power plant project of Meralco PowerGen (MGen), the power generation subsidiary of Manila Electric Co. The re-issued confirmation that...
1 in 4 Filipino Children Face Stunted Growth Faced with 1 in 4 Filipino children under five affected by stunted growth*—a condition hindering a child’s health, development and future potential—the 'Nutri-licious ' advocacy aims to make nutritious meals accessible. Partnering with...
The Bacolod Gugma Foundation Inc. was officially designated by the Bacolod City government as the new organizer of the MassKara Festival. Rodney Mitz Ascalon is the foundation president and festival director. Councilor Al Espino said the new festival organizer was chosen by Mayor Greg Gasataya to...
Philippine Rating Services Corp. (PhilRatings) stated that it is closely monitoring developments within the Del Monte Group to determine if the recent filing for Chapter 11 Bankruptcy of the US unit will impact the ability of Del Monte Philippines, Inc. (DMPI) to pay its outstanding bonds. On July...
Amid ongoing impact of Severe Tropical Storm “Emong” and the lingering effects of earlier storms, all water service disconnection activities for non-payment have been temporarily suspended by the Metropolitan Waterworks and Sewerage System (MWSS). MWSS Chief Regulator Patrick Ty said on Friday,...
Two titans of the banking industry are locked in a fierce battle, each vying to provide Victory Liner Inc. the ₱5 billion capital expenditures needed to construct the bus company’s intermodal terminal. Word on the street, or rather, along the banking corridors, is that the Ty family-owned...
The World Bank Group’s (WBG) International Finance Corp. (IFC) is considering another round of investment financing support for Ayala Land Inc. (ALI), including for the property giant’s ongoing renovation and expansion of its flagship malls to make them “greener.” A World Bank document seen...
