San Miguel Corp., the country’s largest conglomerate, reported a 48 percent jump in first-half consolidated core net income to ₱54.2 billion, driven by robust performance across its power, fuel, and food operations despite the volatile global backdrop, elevated operational costs, and weaker...
The Energy Regulatory Commission (ERC) is studying tycoon Ramon Ang’s acquisition of a minority stake in Lopez Inc. to evaluate potential breaches of anti-competitive safeguards and statutory ownership limits in the power sector. The regulatory review follows Ang’s buy-in to the holding...
An avid fan has bought the Parañaque City home of late OPM icon Pilita Corrales, which was put up for sale earlier this year for a "negotiable" price of P26 million. Pilita 's daughter, actress-singer Jackie Lou Blanco, said she is "very happy" that the buyer is a huge fan of her mother,...
The Philippine Stock Exchange (PSE) reported a 19.8 percent growth in net income to ₱608.38 million for the first half of 2026 from ₱508.03 million in the same period last year as trading activity picked up following a major reduction in transaction tax. In a statement, the bourse said...
The ASEAN Business Advisory Council Philippines has secured a partnership with conglomerate San Miguel Corp. to strengthen supply chain linkages and foster sustainable growth for micro, small, and medium enterprises in the region. ASEAN-BAC Chair Jose Ma. “Joey” Concepcion III signed a...
Tycoon Ramon S. Ang has acquired a 25.68 percent stake in Lopez Inc., the holding company of the storied Lopez family, buying out the shareholding of former ABS-CBN Corp. Chairman Eugenio “Gabby” Lopez III in one of the country’s biggest corporate shifts in recent years. The transaction was...
Del Rosario-led Phinma Corp. posted a turnaround in the first half of 2026, with a consolidated net income of ₱363.35 million and an attributable net income of ₱20.11 million from losses of ₱226.92 million and ₱455.06 million, respectively, in the same period last year. In a disclosure to...
EDITORS DESK It 's always refreshing to see sports stories stealing the banners on the majority of newspapers, more so a Filipina with every ounce of grit and all the beauty in the world on a Wednesday morning. Alex Eala delivered a sensational performance and won her first WTA Tour title...
The Office of the Ombudsman (OMB) has sought to overturn the Sandiganbayan’s grant of bail to former senator Ramon “Bong” Revilla Jr., urging the anti-graft court to partially reconsider its July 31 resolution and deny his petition for provisional liberty. On July 31, the Sandiganbayan Third...
Ports and infrastructure trillionaire Enrique K. Razon Jr. topped the 2026 Forbes list of the Philippines’ 50 Richest for the first time, overtaking the Sy siblings even as the combined wealth of the country’s tycoons fell by eight percent to $79 billion from $86 billion a year ago. The...
San Miguel Food and Beverage, Inc. (SMFB), a core subsidiary of diversified conglomerate San Miguel Corporation, reported that its consolidated net income eased four percent to ₱22.1 billion in the first half of the year, as inflation, slower economic growth, and geopolitical disruptions weighed...
LINGAYEN, Pangasinan – Gov. Ramon V. Guico III suspended classes in schools and work in government offices in Pangasinan on Tuesday, Aug. 4, due to tropical cyclone ‘’Luis’’ and the southwest monsoon or ‘’habagat.’’ Guico, in Executive Order No. 71, Series of 2026, signed Monday,...
