State-owned Philippine Pharma Procurement Inc. (PPPI) has signed a Memorandum of Cooperation (MOC) with Yuchengco-led House of Investments (HI) to establish a Pharma Eco Zone in Tarlac for medical manufacturing and research and development, including vaccines. In a disclosure to the Philippine...
Global One Hotel Group, Inc., the management arm of Megaworld Hotels and Resorts, has secured approval from the Securities and Exchange Commission (SEC) for the rental pool program of its condotels. The SEC said the rental pool program was processed under the streamlined guidelines on Securing and...
Forty-two Philippine companies earned spots on the third annual Fortune Southeast Asia 500 ranking, driven by strong performances from the country’s largest family-led conglomerates and financial institutions. Top Frontier Investment Holdings Inc., the controlling shareholder of San Miguel Corp.,...
First Gen Corp.’s independent directors pushed back against critics of its clean energy expansion, stating that the projected annual earnings fully justify the acquisition premium paid to billionaire Enrique Razon Jr.’s Prime Infrastructure Capital Inc. In a joint press statement, independent...
Police arrested nine men early Sunday, June 14, after they were allegedly caught cutting and hauling copper telecommunication cables worth P163,852 along Commonwealth Avenue in Quezon City. Batasan Police Station 6 personnel intercepted the suspects around 4 a.m. in Barangay Matandang Balara while...
Empire East Land Holdings Inc., the middle-income housing arm of tycoon Andrew Tan’s Megaworld Corp., continues to bank on strong demand from overseas Filipino workers (OFWs) despite the conflict in the Middle East, as they remain a stable end-user market. During the firm’s annual...
The majority faction of the Lopez family has accused First Gen Corp. Chairman Federico “Piki” Lopez of “doublespeak” for initiating legal action while simultaneously calling for peace talks. The family bloc noted that on the exact same day Piki Lopez publicly welcomed peace with his...
Global markets and local investors are bracing for a volatile week as looming policy decisions from the United States (US) Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) collide with fluid geopolitical developments in the Middle East. Traders are closely tracking whether a definitive...
Telecommunications giant PLDT Inc. is open to investing in the planned artificial intelligence (AI) hub in New Clark City, but the absence of a clear roadmap for the data center industry could throw the plan into disarray, according to tycoon Manuel V. Pangilinan. Pangilinan, chairman and chief...
BlockShoals Technologies, Inc. is currently conducting due diligence on its selected Virtual Asset Service Provider (VASP) for integrations required by its participation in the Securities and Exchange Commission’s Strategic Sandbox (StratBox) to test its cryptocurrency platform. BlockShoals...
The Securities and Exchange Commission (SEC) clarified that BlockShoals Technologies Inc. is not yet allowed to commercially operate and offer cryptocurrency products and services to the public, as it is still undergoing a 90-day testing period. The participation of BlockShoals in the SEC Strategic...
In its recently concluded annual stockholders ' meeting for 2026 held at Radisson Red Cebu Mandaue, Cebu Landmasters, Inc. (CLI) highlighted its latest performance updates and a major movement in its leadership lineup as the firm outlined its growth direction. Chief Financial Officer Pacita...
