Diversified conglomerate San Miguel Corp. (SMC) leads the nine Filipino companies included in Forbes Magazine’s World’s Best Employers list this year, which consisted of 900 companies. SMC was ranked at No. 42, the only Philippine company in the top 100, followed by Ayala Corp. (139),...
RCBC Leasing and Finance Corp. (RLFC), a wholly owned subsidiary of Rizal Commercial Banking Corp.(RCBC), is using fresh capital infused by Japan’s Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) to fund its nationwide expansion in the next five years. Last month, RLFC and SMFL...
Razon-led Manila Water Co., Inc. has sold its minority stake in Thai water utility firm Eastern Water Resources Development and Management Public Company Limited for ₱1.1 billion as it divests non-core assets where it does not exercise control. In a disclosure to the Philippine Stock Exchange,...
Sumitomo Mitsui Financial Group Inc. (SMFG), through Sumitomo Mitsui Finance and Leasing Co. Ltd. (SMFL) is acquiring a 30-percent equity stake in RCBC Leasing and Finance Corp. (RLFC) of Yuchengco-led Rizal Commercial Banking Corp. (RCBC). In a disclosure to the Philippine Stock Exchange (PSE),...
The Ty family’s investment arm, GT Capital Holdings, Inc., expects to sustain its strong growth trajectory as it reported a 31 percent jump in core net income to ₱18.11 billion due to the record performances of Metrobank, Toyota, and Metro Pacific. In a disclosure to the Philippine Stock...
In the late 2000s, Philippine business saw an intense corporate war as two of the country 's most aggressive conglomerates, Metro Pacific Investment Corp. (MPIC) of Manuel V. Pangilinan and San Miguel Corp. (SMC) of Ramon S. Ang, went to war for a single asset: Manila Electric Co. (Meralco)....
Metropolitan Bank & Trust Co. (Metrobank) of the Ty family booked a 5.1-percent improvement in net income to ₱24.8 billion in the first half of the year, from ₱23.6 billion in the same period of 2024, fueled by a surge in non-interest earnings from fees and trading and foreign exchange (forex)...
Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in an effort to expand its North American sales. The Ferrero Group said Thursday it will pay $23 for each Kellogg share, or approximately $3.1 billion. The transaction...
The Philippines’ average power costs in June declined by 16 centavos, or 3.9 percent, to ₱3.86 per kilowatt-hour (kWh) from ₱4.02 per kWh in the previous month, as demand dropped faster than the decrease in supply. According to the Independent Electricity Market Operator of the Philippines,...
Manila Electric Company (Meralco) is hopeful that the fresh revenues from the energization of data centers will boost sales in the second semester and compensate for slower growth in the first half. In a media chat, Meralco Chief Revenue Officer Ferdinand O. Geluz said some of the data centers that...
Young tycoon Leandro Legarda Leviste is raising a total of ₱34 billion from the divestment of his shares in solar producer SP New Energy Corporation (SPNEC) before assuming his new role as Congressman for the first district of Batangas in the House of Representatives on June 30, 2025. In a...
Yap-led Lepanto Consolidated Mining Co. reported that its net income surged 40 times to ₱659 million in the first five months of 2025 from the ₱16 million earned in the same period last year, as it ramped up production amid rising gold prices. In a disclosure to the Philippine Stock Exchange...
