Telco-to-tech provider Converge ICT Solutions Inc. is cutting its revenue growth outlook for the year down to 10 to 12 percent despite posting a robust first-half performance and an overall strong demand. In a disclosure to the Philippine Stock Exchange, the Uy-led telco reported that its net...
Visayas-Mindanao (VisMin) property developer Cebu Landmasters Inc. (CLI) is planning to launch 12 projects worth ₱29 billion in the second half of the year to sustain its growth momentum, which led to a 13-percent improvement in net income to ₱2.49 billion in the first half of 2025 from ₱2.21...
Head of the Philippines’ largest bank believes the country’s economy will be shielded from the direct fallout of new United States (US) tariffs, but warned of a larger, global danger that could ripple back to the country through remittances. Speaking with Channel News Asia (CNA), BDO Unibank...
Construction tycoon Francis Lloyd Chua has taken over the chair of the board of directors of Asiabest Group International Inc. and replaced the Japanese directors representing the Okada Group’s Tiger Resort Asia Ltd. This comes after Chua’s Premiumlands Corp. (PLC) acquired control over...
Zobel-led Ayala Corp. reported a core net income, which excludes one-off items, of ₱23.7 billion in the first half of 2025—a two percent decline compared to the same period last year but an improvement from the four percent drop in the first quarter of the year. “This was a result of higher...
The Po family’s Century Pacific Food, Inc. (CNPF), one of the leading food companies in the Philippines, reported a seven percent improvement in net income to ₱3.9 billion in the first half of 2025 as its branded business drove revenue growth. In a disclosure to the Philippine Stock Exchange,...
Ayala Land Hospitality has partnered with Hilton Worldwide Holdings Inc. for the operation of the 400-room Canopy by Hilton Makati, which will rise above the bustling One Ayala development next year. The two firms announced the signing of the agreement for the upcoming hotel, which they aim to be...
After reducing its stake in EEI Corporation last year, the Yuchengco Group’s flagship House of Investments (HI) has laid down its ₱22 billion investment plan for 2025 and 2026 focusing on expanding its renewable energy, property, and education businesses. “Our investment roadmap is more than...
The Ty family’s investment arm, GT Capital Holdings, Inc., expects to sustain its strong growth trajectory as it reported a 31 percent jump in core net income to ₱18.11 billion due to the record performances of Metrobank, Toyota, and Metro Pacific. In a disclosure to the Philippine Stock...
Pangilinan-led telecommunications giant PLDT Inc. has expressed its willingness to take the government to court to challenge the constitutionality of the proposed Konektadong Pinoy Act, which is now awaiting the signature of President Marcos. “We 're hoping that it will not be signed by the...
Telecommunications giant PLDT Inc. is banking on the contributions of its fast-growing fintech arm Maya to spur growth in earnings at a time when overall demand for telco services is flat and its first half performance posted a slim growth. In a disclosure to the Philippine Stock Exchange, PLDT...
Senator Imee Marcos has sounded the alarm over the potential fallout of the United States’ move to impose 100% tariff on Philippine semiconductor exports, a sector valued at USD 4.5 billion to USD 6 billion in annual shipments to the US. “We cannot underestimate the devastating impact these...
