Real estate giant Ayala Land Inc. (ALI) will be raising ₱10 billion this month from a multilateral sustainability-linked loan as part of the ₱50 billion in funds it will be securing in the second half of the year. In an interview, ALI Chief Finance Officer (CFO) Augusto Bengzon said that ₱30...
In a heartfelt celebration of enduring partnerships that help empower four decades of trusted service, the Palawan Group of Companies hosted its highly anticipated Partners’ Night on Aug. 5 and 6, 2025, at the Blue Leaf Cosmopolitan in Bridgetown, Quezon City. The two-day gathering brought...
Davao tycoon Dennis A. Uy’s PH Resorts Group Holdings Inc. (PHR) has already written-off its investments in its shelved Emerald Bay integrated casino-resort project in Mactan, which led to a ₱6.75-billion net loss for the first half of 2025. The firm informed the Philippine Stock Exchange (PSE)...
Metro Retail Stores Group Inc. (MRSGI), a supermarket and department store chain controlled by the Gaisanos of Cebu, reported a 45.7-percent jump in net income to ₱146.3 million in the first half of the year. The company said its strong performance was particularly driven by its second-quarter...
Another loan from the World Bank is forthcoming for the Philippines, this time to finance the country’s fight against epidemics by strengthening both human and animal health systems to improve pandemic preparedness. According to a Aug. 12 concept environmental and social review summary...
Alliance Global Group Inc. (AGI), the conglomerate led by tycoon Dr. Andrew L. Tan, reported a 39-percent jump in net income to ₱19.2 billion in the first half of the year, driven largely by the increasing contribution from its real estate business and tourism-related segments, on the back of...
Jollibee Foods Corp., one of the largest Asian food service companies, reported an almost flat attributable net income of ₱5.62 billion in the first half of 2025 from ₱5.66 billion a year ago as weakness in the first quarter was offset by growth in April to June. Based on its disclosure to the...
The Marcos administration has secured a commitment from Indian infrastructure giant GMR Group to develop the Sangley Point International Airport (SPIA) in Cavite to help decongest the Ninoy Aquino International Airport (NAIA) and improve regional connectivity. According to a statement from the...
Construction tycoon Francis Lloyd Chua has taken over the chair of the board of directors of Asiabest Group International Inc. and replaced the Japanese directors representing the Okada Group’s Tiger Resort Asia Ltd. This comes after Chua’s Premiumlands Corp. (PLC) acquired control over...
Antonio-led Century Properties Group Inc. (CPG) reported a 14 percent growth in net income to ₱1.22 billion in the first half of 2025 from ₱1.07 billion in the same period last year on the strength of its affordable housing business. In a disclosure to the Philippine Stock Exchange, the firm...
A teachers’ group on Monday, August 11, called on the government to make “serious investments” in school security following a deadly shooting incident that claimed the life of a teacher in Balabagan, Lanao del Sur. The Teachers’ Dignity Coalition (TDC), in a statement, condemned the...
ILIGAN CITY – Three members of the lawless Dawlah Islamiyah-Maute Group (DI-MG) were killed and three others were captured in a clash with government troops in Lanao del Sur, the military said Sunday. Brig. Gen. Billy dela Rosa, 103rd Infantry Brigade commander, said the gunbattle erupted while...
