Pangilinan-led Metro Pacific Investments Corporation (MPIC) reported a 28 percent growth in consolidated core net income, hitting a record P20.8 billion in the first nine months of 2024, from P16.2 billion in the same period last year. In a statement, the firm said improved financial and operating...
The Philippine Chamber of Commerce and Industry (PCCI) has recognized SM Investments Corporation and BDO Unibank Inc. as among this year’s “Country Movers,” to highlight their significant contributions to national development. Presented during the 50th Philippine Business Conference and Expo...
Foreign investments in the Philippines surged in September, nearly doubling compared to August and reversing the trend of money flowing out of the country recorded last year. Data from the Bangko Sentral ng Pilipinas (BSP) showed that foreign direct investment (FDI) net inflows reached $1.03...
Benguet Corporation, a mining firm controlled by the Romualdez family, reported that the Red Earth Mineral Resources Corporation is infusing P440 million into the company through a subscription of new shares. In a disclosure to the Philippine Stock Exchange, Benguet said its Board of Directors had...
The Philippines, the United States, and Japan have further enhanced their economic cooperation by promoting resiliency amid pressing global trade challenges. In a related development, American agricultural producers have expressed hopes that Manila and Washington could forge a free trade agreement...
Pangilinan-led conglomerate Metro Pacific Investments Corporation (MPIC) is selling its 50 percent stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) for about $255 million (P14.55 billion). In a statement, MPIC said it has entered into a definitive agreement to sell its stake...
In a small town in Albay, the marine environment houses diverse aquatic species crucial for biodiversity. Unfortunately, the climate crisis is set to worsen the reduction of diversity in marine ecosystems, which prompts the need to adopt sustainable practices and preserve with urgency the resources...
The SM Group is expanding its footprint in Clark Freeport and Special Economic Zone in Pampanga with the construction of a P2 billion multi-modal transport terminal, a convention center, and several hotels. In a statement, SM Investments Corporation said its integrated property in Clark is set to...
The Board of Investments (BOI) and the Korea Trade-Investment Promotion Agency (KOTRA) have formalized their partnership to strengthen bilateral trade and investment ties between Manila and Seoul. In a Memorandum of Understanding (MOU) signed on Oct. 7, 2024, the two agencies committed to jointly...
Atin’s exclusive shop-in-shop at Kultura, Level 2, SM Makati Atin, a home decor brand deeply rooted in Filipino heritage and values recently launched its first boutique space at Kultura. This new chapter marks a significant milestone in Atin’s journey, showcasing a curated collection of...
The Yuchengcos has teamed up with the Aboitizes for the joint development of an expanded Economic Estate in Tarlac through House of Investments and Aboitiz InfraCapital (AIC), respectively. In a disclosure to the Philippine Stock Exchange, AIC said they are forging plans for a strategic partnership...
The Philippines stands ready to embrace South Korea's investments, President Marcos told foreign investors as he stressed that investing in the country is a "fine strategic move." President Ferdinand 'Bongbong' Marcos Jr. and Republic of Korea President Yoon Suk Yeol lead a toast during the state...
