In the late 2000s, Philippine business saw an intense corporate war as two of the country 's most aggressive conglomerates, Metro Pacific Investment Corp. (MPIC) of Manuel V. Pangilinan and San Miguel Corp. (SMC) of Ramon S. Ang, went to war for a single asset: Manila Electric Co. (Meralco)....
Lucio Co-led liquor distributor The Keepers Holdings Inc. posted a 13.7 percent improvement in net income to ₱1.6 billion in the first half of 2025 from the ₱1.43 billion earned in same period last year driven by the strong sales of imported brandy. In a disclosure to the Philippine Stock...
SM Prime Holdings, Inc. (SM Prime), one of the largest integrated property developers in Southeast Asia, reported record high profits as it remains optimistic due to strong consumption, lower interest rates, and continued recovery in retail and tourism. “With inflation contained and policy easing...
Telecommunications giant Globe Telecom Inc. said its network expansion strategy will focus on narrowing the digital divide affecting around 4.2 million Filipinos in remote areas in the country, as the company remains on track to achieve 100 percent mobile network coverage. As of August 2025, Globe...
Integrated Micro-Electronics, Inc. (IMI), the Ayala Group’s global electronics manufacturing services unit, is seeing the fruit of its right-sizing efforts as it registered a financial turnaround in the first half of 2025 with a net income of $7.6 million from a net loss of $8.8 million in the...
The local stock market will be taking cues from several Philippine economic reports—including inflation, jobs, and gross domestic product (GDP)—as well as corporate earnings while the recent weakness of the peso and concern over United States (US) tariffs will continue to cast a shadow over...
The Department of Migrant Workers (DMW) closed eight branches of a consulting firm across the country on Friday, August 1, after it allegedly engaged in illegal recruitment of teachers and professionals in the hospitality industry, some of whom had paid up to half a million pesos just to be...
Cebu Landmasters Inc. (CLI), a leading developer in the Visayas and Mindanao, posted record revenues of ₱19.5 billion in 2024, alongside growth in net income and operating cash flows. The year was marked by strong sales, increased recurring income, and a milestone joint venture with Japan’s...
Razon-led International Container Terminal Services Inc. (ICTSI) has signed an agreement to be the strategic partner for the development and operation of Batu Ampar Container Terminal (BACT) in Batam, Indonesia. In a disclosure to the Philippine Stock Exchange (PSE), the firm said PT Batam Terminal...
KITA (Kapital at Ipon Tungo sa Asenso) Mo Na! —a financial education program of BDO Foundation—was recognized as Financial Inclusion Initiative of the Year at the Asian Banking & Finance (ABF) Retail Banking Awards 2025. The program aims to support the agricultural sector by improving the...
Despite recognizing significant losses from its struggling US division, Del Monte Pacific Limited reported a profit for its latest fiscal year after reclassifying its American operations as discontinued. “Considering the board changes and the voluntary Chapter 11 filing of DMFHL (Del Monte Foods...
Integrated Micro-Electronics Inc. (IMI), the Ayala Group’s tech manufacturing arm, has completed its 100-percent divestment from Integrated Micro-Electronics Czech Republic s.r.o. for ₱670 million or €10.025 million. In a disclosure to the Philippine Stock Exchange (PSE), IMI said it has sold...
