The Bacolod Gugma Foundation Inc. was officially designated by the Bacolod City government as the new organizer of the MassKara Festival. Rodney Mitz Ascalon is the foundation president and festival director. Councilor Al Espino said the new festival organizer was chosen by Mayor Greg Gasataya to...
Philippine Rating Services Corp. (PhilRatings) stated that it is closely monitoring developments within the Del Monte Group to determine if the recent filing for Chapter 11 Bankruptcy of the US unit will impact the ability of Del Monte Philippines, Inc. (DMPI) to pay its outstanding bonds. On July...
Amid ongoing impact of Severe Tropical Storm “Emong” and the lingering effects of earlier storms, all water service disconnection activities for non-payment have been temporarily suspended by the Metropolitan Waterworks and Sewerage System (MWSS). MWSS Chief Regulator Patrick Ty said on Friday,...
Two titans of the banking industry are locked in a fierce battle, each vying to provide Victory Liner Inc. the ₱5 billion capital expenditures needed to construct the bus company’s intermodal terminal. Word on the street, or rather, along the banking corridors, is that the Ty family-owned...
The World Bank Group’s (WBG) International Finance Corp. (IFC) is considering another round of investment financing support for Ayala Land Inc. (ALI), including for the property giant’s ongoing renovation and expansion of its flagship malls to make them “greener.” A World Bank document seen...
Globe Telecom Inc. is upgrading its network infrastructure in Batanes to significantly improve the mobile network experience, providing high-speed connectivity to residents and visitors of the remote province. The telecommunications giant said it is employing alternative and innovative transport...
Honda Cars Philippines, Inc. (HCPI) is providing support to its customers in Luzon and Visayas whose vehicles were affected by the recent floods. Recognizing the financial strain that comes with vehicle repairs after such events, HCPI is offering a 30% discount on select spare parts through its...
The Ayala Group reported that the parent company and four of its main subsidiaries have once again made it to the prestigious FTSE4Good Index Series due to their sound environmental, social and governance (ESG) practices. In a statement, the conglomerate said inclusion in the index strengthens the...
Global Infrastructure Partners (GIP), a part of BlackRock, and one of the world’s leading infrastructure investors, is in the process of finalizing a strategic partnership with Aboitiz Equity Ventures Inc. (AEV), starting with the acquisition of a 40 percent stake in Aboitiz InfraCapital....
PHINMA Education Holdings Inc. (PEHI) posted an eight percent growth in net income to ₱1.5 billion for its fiscal year from April 2024 to March 2025 as enrolments rose in its 12 schools in the Philippines and Indonesia. In a statement, the firm said over 163,000 students, mostly from low-income...
Rockwell Land Corporation, in partnership with International Pharmaceuticals Inc. (IPI), marked another milestone with the Wall Breaking Ceremony for IPI Center Done Rockwell held on July 21, 2025. The upcoming expansion will add 7,806 sqm to the property, bringing the total footprint to 3.6...
Grab Philippines is now accepting cryptocurrencies as a new cash-in method for its in-app digital wallet as the ride-hailing giant seeks to promote greater financial inclusion among digital-first Filipinos. Its parent company, Grab Holdings Inc., first launched the crypto top-up option in Singapore...
