MREIT, Inc., the real estate investment trust of pioneering township developer Megaworld Corporation, announced the appointment of Kevin L. Tan as the company’s new Chairman of the Board effective June 1, 2025. Tan served as MREIT’s President and CEO since the launch of Megaworld’s REIT...
Alliance Global Group, Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, has deconsolidated McDonald’s Philippines franchisee Golden Arches Development Corp (GADC) from its financial statements to generate a one-time gain of ₱3.4 billion from the remeasurement of the investment’s...
Early shipment ore shipment and higher nickel prices led to a 1,568 surge in the attributable net income of Global Ferronickel Holdings, Inc. to ₱177.3 million in the first quarter of 2025 from just ₱10.6 million a year ago. The firm reported to the Philippine Stock Exchange that its revenues...
Hotel101 Global Pte. Ltd., the hospitality unit of tycoons Tony Tan Caktiong and Edgar Sia II’s DoubleDragon Corporation, has bought more time to push through with its merger with the company’s NASDAQ listing vehicle. The firm now has until July 23, 2025, to complete its merger with JVSPAC...
Tycoon Andrew Tan’s township developer Megaworld Corporation reported a 16 percent growth in net income to ₱5.83 billion in the first quarter of the year as its growing focus on the provinces helped the performance of all of its core businesses. In a disclosure to the Philippine Stock Exchange,...
The Korean series “Weak Hero Class 2” debuted at No. 1 on Netflix’s weekly Global Top 10 of the most watched shows and films on the streaming platform. Season 2 of “Weak Hero” ("약한영웅"), which delves into school violence, stars Park Ji-hoon as Yeon Si-eun, Ryeo Un as...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew Tan, is cutting capital expenditures (capex) for 2025 following a decline in earnings in 2024. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it is allotting ₱63 billion for capex this...
Japan and the United Kingdom (UK) have signaled concerns over a proposed measure in the Philippines that would impose a ban on the country’s export of raw minerals, according to the World Trade Organization (WTO). In a statement on its website, the WTO said the country’s proposed “export...
The new Korean drama “Karma” edged out “When Life Gives You Tangerines,” starring IU and Park Bo-gum, in the weekly rankings on Netflix. Netflix released its weekly Global Top 10 lists for April 7 to 13 of the most watched films and shows on the streaming platform. Under the...
The Department of Energy (DOE) has warned of potential supply strains if Excellent Energy Resources Inc.’s (EERI)’s natural gas plant faces a delay in power delivery. In a media briefing on April 14, Energy Assistant Secretary Mario Marasigan said that EERI, a joint venture between Meralco...
CEBU CITY – “I’m incredibly grateful and truly honored.” CEBUANA fashion model Priscilla ‘Happy’ Melendres shows her award during the Global Filipino Icon Awards 2025 last April 5 at Dusit Thani in Dubai, United Arab Emirates. (Contributed photo) Cebuano socialite, entrepreneur, and...
The Korean drama “When Life Gives You Tangerines,” starring IU and Park Bo-gum, is back on the top spot on Netflix. Netflix released its weekly Global Top 10 rankings for March 31 to April 6 of the most watched shows and films on the platform. In the Global Top 10 Non-English Shows...
