Philippine Geothermal Production Co. (PGPC), the renewable energy arm of SM Investments Corp., is accelerating development of its domestic steam fields to buffer the Philippines from volatile global energy prices as conflict in the Middle East threatens fuel supply chains. In a briefing on Tuesday,...
Chiang Kai Shek College closed out its elimination campaign with a bang, stunning erstwhile undefeated Al Cars-Hope Christian High School, 91-78, in the Smart Sports Fil-Chinese Athletic Association Inc. presented by Tanduay Athletics held Monday, March 23, at the Tanduay gym in Quiapo, Manila....
D&L Industries Inc., the Philippines’ largest producer of specialty plastics and oleochemicals, warned that the conflict in Iran will disrupt global supply chains for months, clouding the outlook for the company that just reported a double-digit rise in annual profit.
In a virtual briefing on...
After operating the chain for seven years, Robinsons Retail Holdings Inc. (RRHI) announced the closure of its No Brand standalone stores in the Philippines, noting that it will gradually wind down operations of all 11 stores by the end of June 2026. “The decision reflects evolving consumer...
SM Prime Holdings Inc. (SM Prime), the country’s top mall operator, is working with government agencies to leverage the prime locations of its malls for the development of transport infrastructure projects that will ease daily commuting across the Greater Manila Area. “Urban mobility is central...
JG Summit Holdings Inc. (JGS), the flagship of the Gokongwei Group, posted a three-percent improvement in recurring income last year but suffered a net loss of ₱87.9 billion due to losses related to the shutdown of its petrochemical business. In a disclosure to the Philippine Stock Exchange (PSE)...
Rising fuel prices are beginning to ripple across the sprawling operations of DMCI Holdings Inc., exposing the vulnerabilities of a diversified conglomerate whose businesses—from mining to cement to property—depend heavily on steady and affordable energy supply. For DMCI, the challenge is no...
Another next-generation Zobel has been named an executive of real estate giant Ayala Land Inc. (ALI). Jaime Zobel Urquijo, 37, son of Bea Zobel Jr., will be joining sister Paloma and cousin Mariana Zobel de Ayala in the company after being seconded to ALI by parent company Ayala Corp. Ayala...
The Securities and Exchange Commission (SEC) is ready to face Philippine Stock Exchange (PSE) broker-directors in court if they pursue a legal challenge against the commission’s proposed imposition of term limits for brokers sitting on the board of an exchange. “We ’ re not afraid to go to...
Enrique K. Razon-led International Container Terminal Services Inc. (ICTSI) has sold its controlling stake in Yantai International Container Terminal Ltd. (YICTL) to its state-owned partner Yantai Port Holdings Co. Ltd. for about ₱6.7 billion due to lack of full control. YICTL, a joint venture...
The Securities and Exchange Commission (SEC) is seeking formal counter-proposal from stockbrokers as tensions escalate over the plan to impose term limits on directors at the Philippine Stock Exchange (PSE). SEC Chairman Francis Lim said that while he remains open to feedback from the Philippine...
RL Commercial REIT Inc. (RCR), the real estate investment trust (REIT) backed by Gokongwei-led Robinsons Land Corp. (RLC), is targeting a doubling of its property portfolio to more than two million square meters (sqm), though management indicates the next phase of asset injections will be paused...
