SM Hotels and Conventions Corp. (SMHCC), the hospitality arm of SM Prime Holdings, Inc. (SM Prime), is expanding its Calabarzon portfolio beyond its leisure-focused properties by developing more business-oriented hotels in the provinces. SMHCC Executive Vice-President Peggy Angeles said in an...
The Philippine semiconductor industry is pinning its hope on the government to secure a favorable deal with the United States (US) with the looming announcement of tariffs against foreign-made semiconductors, which could be as high as 300 percent. Philippine Chamber of Commerce and Industry (PCCI)...
Just days away from its potential passage into law, the leading figure behind Converge ICT Solutions Inc. expressed support for the contentious Konektadong Pinoy bill, in contrast to the opposition voiced by other major players in the telco industry. Despite his company being among the four leading...
Independent oil firm Phoenix Petroleum Philippines Inc. announced that it is joining the rise of electric vehicle (EV) fleets through a partnership with V-Green Charging Station Development Philippines Inc. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, Aug. 18, Phoenix said it...
Globe Telecom Inc. is confident that the recent moves by regulators to lessen the involvement of e-wallets in online gaming will not affect the growth trajectory of its GCash business, which has a diversified revenue stream. In an interview on Monday, Aug. 18, Globe Telecom President and Chief...
Two of the country’s biggest non-life insurers— FPG Insurance Co. Inc. and The Mercantile Insurance Co. Inc.—are merging to form a new entity with an estimated ₱10-billion gross written premium (GWP), a scale that would place it among the top four players in the Philippine non-life...
Coal power projects are strutting back, and the developers are swinging “the need for baseload demand” as their backstage pass to justify new projects. Even Energy Secretary Sharon Garin is waving the green flag for coal, signaling to the media that if moratorium-exempt projects clear the...
Both Fruitas Holdings, Inc., a leading operator of multi-format food and beverage stores, and its baked goods subsidiary, Balai ni Fruitas Inc., delivered higher profits driven by store network expansions and higher same-store sales. In a disclosure to the Philippine Stock Exchange, Fruitas said...
Tantoco-led retailer SSI Group, Inc. reported a 37.8 percent drop in net income for the first half of 2025 to ₱451.8 million from ₱726.3 million in the same period last year due to weaker consumer demand for mid to upscale goods. The company generated sales of ₱13.4 billion in January to...
Real estate giant Ayala Land Inc. (ALI) will be raising ₱10 billion this month from a multilateral sustainability-linked loan as part of the ₱50 billion in funds it will be securing in the second half of the year. In an interview, ALI Chief Finance Officer (CFO) Augusto Bengzon said that ₱30...
Young adults in their early twenties often joke about being “broke” or avoid checking their accounts after a shopping spree. But avoiding financial responsibility is not forever. As more of the new generation starts earning, it’s time to take personal finance seriously, and that starts with...
Sy-led property developer SM Prime Holdings, Inc. has tapped former Senior Associate Justice Estela M. Perlas-Bernabe to be its newest Independent Director, replacing Atty. Darlene Marie B. Berberabe, who is now the Solicitor General of the Philippines. The firm said Justice Perlas-Bernabe’s...
