Hyundai is giving buyers many more options to electrify their daily drive or weekend journeys with three new models that offers more space, power, and range. It took the wraps off its line of flagship electric vehicles, the updated Ioniq 5 and new Ioniq 9, as well as updated its Palisade offering...
With its long-standing reputation as an agricultural powerhouse, home to vast banana plantations that have shaped its economy for decades, Panabo City is now emerging as a vital force in Mindanao’s broader economic transformation. Spearheading this next chapter is homegrown developer Damosa Land,...
DAVAO CITY – A mixed mood of smiles and sadness can be seen among employees of a pioneer photo studio in this city as they entertain a handful of customers. Some of their colleagues are clearing the cabinets and putting most of the unsold photography supplies, picture frames, and instamatic...
Ayala-led telecommunications giant Globe Telecom Inc. has raised more than ₱89 billion in proceeds from tower sales, following the transfer of 93 towers to MIESCOR Infrastructure Development Corp. (MIDC) and Phil-Tower Consortium Inc. (PhilTower). In a disclosure to the Philippine Stock Exchange...
Tanduay Distillers Inc., the spirits unit of the Lucio Tan Group, reported that its flagship Tanduay rum has climbed to seventh place in The Spirits Business’ “Top 10 Best-Selling Brand Champions” list and is its Rum Brand Champion for 2024, with sales of 23.8 million cases in 2024. “Being...
I n 1956, the Philippines and Japan formalized diplomatic relations, transforming a difficult post-war past into a modern partnership built on shared values and resilience. From hardship emerged a lasting bond—one that continues to thrive today. Every July 23, Japan-Philippines Friendship Day...
One of the Japanese partners of Aboitiz Power Corp. (AboitizPower) in the 420-megawatt (MW) Pagbilao-3 coal-fired power plant is moving ahead on the divestment of its stake in the facility as part of an investment realignment to cleaner energy technologies. According to a source privy to the...
The Gokongwei Group’s Robinsons Retail Holdings, Inc. reported a 66.9 percent plunge in attributable net income to ₱2.3 billion in the first half of the year, mainly due to the one-time gain from the Bank of the Philippine Islands – Robinsons Bank merger booked in early 2024. In a disclosure...
The Securities and Exchange Commission (SEC) continues to crack down on erring lending firms and has recently fined LHL Online Lending Inc., doing business under the names and styles of Pautang Online and Pautang Peso, for providing misleading information in its loan agreements. In an order dated...
The Securities and Exchange Commission (SEC) has slapped a ₱1-million penalty on Link Credit Lending Investors Inc., doing business under the names and styles of iPeso and Pesoin, for engaging in unfair debt collection practices. In an order dated July 18, the SEC Financing and Lending Companies...
The Philippine Independent Power Producers Association (PIPPA) reassured its commitment to collaborate with the energy sector to achieve the electrification and energy security goals mentioned by President Marcos in his fourth State of the Nation Address (SONA). In a statement, PIPPA expressed its...
Top lender BDO Unibank Inc. of the SM Group has successfully raised ₱115 billion from its fourth peso-denominated Association of Southeast Asian Nations (ASEAN) sustainability bond issue—23 times its original offer of ₱5 billion. The bank informed the Securities and Exchange Commission (SEC)...
