Yap-led Lepanto Consolidated Mining Co. more than doubled its consolidated net income to ₱1.59 billion in the first half of 2026 from the ₱771 million earned in the same period last year as gold and silver prices surged in the world market. In a disclosure to the Philippine Stock Exchange (PSE)...
The Ty family’s Metropolitan Bank & Trust Co. (Metrobank) posted a net income of ₱24.9 billion in the first half of 2026, slightly higher than the ₱24.8 billion earned in the same period last year, amid a business environment that remained challenging for the banking industry. In a disclosure...
Mining magnate Felipe Yap’s Lepanto Consolidated Mining Co. and its affiliate, Far Southeast Gold Resources Inc., have executed a 25-year pact with indigenous leaders in Benguet province, clearing a major hurdle toward extending mineral production rights at their flagship deposit. The memorandum...
Alternergy Holdings Corp. and ABC Energy Inc. completed their ₱2.3 billion transaction for two wind power projects, securing financial backing as the facilities prepare to begin commercial operations later this year. Under the finalized agreement, ABC Energy acquired a 40 percent equity stake in...
Ty siblings Arthur Ty and Alfred Ty, the chairman and a director, respectively, of Metropolitan Bank & Trust Co. (Metrobank), have scooped up ₱385.12 million worth of the bank’s shares amid recent weakness in its share price. In separate disclosures to the Philippine Stock Exchange (PSE) on...
The 12th edition of the Malasimbo Music & Arts Festival brought Puerta Real Gardens in Intramuros to life with a vibrant blend of music, art, and sustainability. Families flocked to the Kids Village, where they took part in workshops on yoga, poi spinning, crochet, drumming, and origami....
A Brown Co. Inc. has raised ₱4 billion from its maiden fixed-rate bond issuance, which will be deployed to support the growth of its real estate and renewable energy (RE) businesses. Now listed on Philippine Dealing & Exchange Corp. (PDEx), the issuance consists of series A three-year fixed-rate...
Manuel V. Pangilinan-led Manila Electric Co. (Meralco) and its power generation arm are partnering with Vietnam-based VinEnergo Energy Joint Stock Co. (VinEnergo) to explore about five gigawatts (GW) worth of renewable energy (RE) projects in the Philippines. In a statement on Tuesday, June 23,...
Philippine conglomerates operating in critical sectors like real estate, power, energy, and telecommunications are facing heightened financial strain from the strengthening United States (US) dollar, which threatens to inflate the cost of their foreign-denominated debt. The brewing corporate...
As the proposed Philippine Strategic Petroleum Reserve (PSPR) takes shape, consumers must keep a close eye on the government and their hands firmly on their wallets. While the country may need an oil stockpile, taxpayers and motorists should not end up becoming the reserve’s permanent source of...
The Meralco Theater in Pasig City is built to showcase spectacle, but on a late May evening, the most arresting sight was the man in the wheelchair. Manuel V. Pangilinan—the 79-year-old tycoon, known by his initials, MVP—was celebrating the 45th anniversary of First Pacific Co., the Hong...
SM Investments Corp. (SMIC) increased its group-wide renewable energy sourcing to 31 percent of total electricity consumption last year, accelerating its shift toward cleaner energy across its sprawling retail, property, and banking empire. SMIC said its transition to green energy rose from 27...
