GMA Network Inc. has failed to secure a temporary restraining order (TRO) against the Securities and Exchange Commission’s (SEC) new rules imposing a strict term limit on independent directors of publicly listed companies. Makati City Regional Trial Court (RTC) Branch 38 denied an application for...
GT Capital Holdings Inc., the Ty family’s flagship investment firm, has infused ₱9.16 billion into its wholly owned property subsidiary Federal Land Inc. through the acquisition of a 20-percent stake in the unit’s joint venture (JV) with Nomura Real Estate Development Co. Ltd. (NRE). In a...
Filipina bobsledders turned in solid finishes in their debut appearance at the IBSF North American Cup monobob race in Lake Placid, New York recently. Rhea Sumalpong and Shirley Salamagos of the Philippine National Bobsled Luge & Skeleton Association Inc. placed sixth and seventh places,...
Wilcon Depot Inc., the Philippines’ largest retailer of home improvement and construction supplies, is pressing ahead with the nationwide expansion even as the company grapples with thinning margins and stagnant same-store sales growth. In a disclosure to the Philippine Stock Exchange, Lorraine...
Philippines’ most influential business coalitions pledged on Monday, March 30, to ramp up investments in renewable energy and implement aggressive conservation measures as the government scrambles to insulate the economy from the global oil shock triggered by escalating Middle East hostilities....
The global oil price and supply shock caused by the war in the Middle East may reverse early 2026 gains by Philippine exporters, according to think tank Oxford Economics. In a report on Monday, March 30, Oxford Economics senior economist Sheana Yue said that while Asian goods exports started 2026...
Lawrence Wu, Karl Villaflor and Wowie Evangelista continued their red-hot shooting and led their respective schools to the knockout semis matches in Smart Sports Fil-Chinese Athletic Association Inc. presented by Tanduay Athletics held recently at the Tanduay gym in Quiapo, Manila. The...
Tycoon Isidro A. Consunji has been elected chairman of Dominion Holdings Inc., succeeding SM Investments Corp. President Frederic C. DyBuncio as the Sy and Consunji families rearrange leadership within their joint investment vehicle. In a disclosure to the Philippine Stock Exchange, the firm said...
Meralco PowerGen Corp. (MGen) has commenced the initial dispatch of electricity from its Terra Solar development, injecting much-needed capacity into the Philippine grid as the government moves to insulate the domestic economy from volatile global fuel markets. In a statement on Monday, March 30,...
The Philippine Exporters Confederation Inc. (Philexport) has expressed strong support for proposed amendments to the Magna Carta for micro, small, and medium enterprises (MSMEs), while stressing that reforms must deliver concrete benefits such as improved access to financing and more favorable loan...
Tanco-led STI Education Systems Holdings Inc. (STI Holdings) expects enrollments to continue to slide amid the multiple impacts of the ongoing Middle East conflict on the Philippine economy. “Enrollments have been slowing down. This slowdown could persist especially with this conflict because of...
The China-led Asian Infrastructure Investment Bank (AIIB) has greenlit a $300-million loan supporting capital expenditures (capex) for the improvement and expansion of three local ports operated by tycoon Enrique K. Razon Jr. ’s International Container Terminal Services Inc. (ICTSI). The latest...
