Petron Corp., the only remaining oil refinery in the country, is once again open to a government takeover, potentially through a partnership with the state-run Maharlika Investment Corp. (MIC). The move comes as the Ramon Ang-led company seeks to address volatile fuel costs, though economists...
Billionaire Ramon S. Ang is reviving a proposal to sell Petron Corp. back to the government, framing the move as a way to bolster energy security while the nation grapples with a declared national energy emergency. The offer from the San Miguel Corp. chairman and chief executive officer comes as...
CEBU CITY – Pushing for strengthened collaboration and mutual development, the city governments of Danao and San Juan formally sealed a sisterhood agreement on Friday, March 20. Danao Mayor Ramon “Nito” Durano and San Juan Mayor Francisco Javier Zamora led the ceremonial signing of the...
The Philippine Stock Exchange (PSE) is standing by its ₱170 billion capital-raising target for the year, betting that a de-escalation of Middle East hostilities will allow the recovery in investor sentiment after a volatile start to the year. The local bourse entered the year on a strong...
San Miguel Corp., the Philippines’ largest conglomerate by sales, reported a 52 percent surge in full-year core net income as improved margins and aggressive cost discipline across its diverse portfolio offset a slight dip in consolidated revenue. Core net income reached ₱79.6 billion in 2025,...
The Philippine Stock Exchange (PSE) will hold its flagship investment conference InvestPH for a second year from March 17 to 19, 2026, to showcase investment prospects in the country, particularly among publicly listed companies (PLCs). “After the successful inaugural run last year, we are...
MALASIQUI, Pangasinan – Gov. Ramon Guico III on Friday called on gas stations selling fuels at excessive prices to stop being opportunists at a time of crisis. In an interview, he said the provincial and local government units are monitoring fuel prices amid the spike due to ongoing tensions in...
Del Rosario-led PHINMA Corp. reported an attributable net loss of ₱308.83 million in 2025 after a 66-percent drop in attributable net income to ₱279.55 million in 2024, due to losses in its construction materials, property, and hotel businesses. In a disclosure to the Philippine Stock Exchange...
San Miguel Food and Beverage Inc. (SMFB), a core subsidiary of diversified conglomerate San Miguel Corp. (SMC), reported a 13-percent increase in consolidated net income to ₱46.3 billion last year. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, March 10, the firm said growth...
Pangasinan Gov. Ramon V. Guico III has condoled with the family of Mary Ann de Vera, an overseas Filipino worker (OFW) from Basista, who was killed in a recent missile strike in Israel. Guico said the provincial government has coordinated with the Pangasinan Public Employment Service Office (PESO),...
DAGUPAN CITY – Gov. Ramon Guico III and Public Works and Highways Secretary Vince Dizon on Friday inspected the ongoing construction of the Villasis-Santo Tomas Bridge. Dizon assured local officials of the immediate completion of the bridge that will improve mobility and ease traffic flow in the...
A newborn baby boy with his umbilical cord still attached was found Monday morning, Feb. 23, in Barangay Ambatali, Ramon, Isabela. Police said a concerned citizen passing through the area discovered the baby wrapped in a green blanket. The baby was placed on a plastic basin on top of a concrete...
