Tycoon Andrew Tan has resumed buying shares of Emperador Inc. from the stock market, this time spending ₱160 million for 10 million common shares. In a disclosure to the Philippine Stock Exchange (PSE), Emperador said Tan’s privately held The Andresons Group Inc. bought the 10 million shares...
The retail electricity supply unit of Manila Electric Company (Meralco), MPower, has expanded its partnership with the Gokongwei Group, securing renewed contracts to power most of the latter’s major facilities in Luzon.
In a statement on Monday, June 23, the Meralco unit said the renewed...
WawaJVCo, Inc. said the company is accelerating preparations for the Upper Wawa Dam 's commercial operations in December, following the project 's completion seven months ahead of schedule. In a statement on Friday, June 20, the joint venture company between Prime Infrastructure Capital,...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Andrew Tan, is expanding its leisure and hospitality businesses under During the firm’s annual stockholders’ meeting, AGI Chairman Tan said that, “leveraging AGI 's unrivaled land bank, we are building even more...
2024 Entrepreneur of the Year—Philippines Jacinto Ng Jr. continues to champion affordable and inclusive housing through the leadership of the Joy Nostalg Group. As the company’s Group Executive Officer, Ng has pledged the construction of more than 35,000 homes over the next two years—a...
ZAMBOANGA CITY – An Abu Sayyaf Group member was killed in a shootout with police in Barangay Sangali here on Tuesday, June 17. Police identified the fatality as Naser Haranain, alias Gapur or Gapul, 29, a resident of Barangay Sangali. Investigation disclosed that lawmen were about to serve a...
LT Group’s Tanduay remained the world’s top-selling rum for the eighth consecutive year after registering sales of 23.8 million case liters in 2024. According to The Millionaires ' Club report by Drinks International Magazine, the Philippine rum brand’s nearest competitors, Bacardi and...
The Philippine Coast Guard (PCG) said Wednesday, June 18, that it spearheaded a coral reef rehabilitation in Pagasa (Thitu) Island and the Kalayaan Island Group (KIG) as part of the government’s ongoing initiative to protect and conserve the marine environment in the West Philippine Sea (WPS)....
KANANASKIS, Alberta (AP) — Six of the Group of Seven leaders discussed Russia 's war in Ukraine and the Israel-Iran conflict but failed to reach major agreements on those and many other top issues — closing a summit that was forced to try and show how the wealthy nations ' club might...
Two-and-a-half-year-old Salmon Group Ltd, a Manila-based financial technology (fintech) firm, has raised $88 million to expand its efforts in delivering modern financial solutions and improving credit access across Southeast Asia. The funding includes a $60 million drawdown from a three-year, $150...
Flag carrier Philippine Airlines (PAL) has relaunched its cargo service to stay in tune with the latest developments in the cargo industry, amid the impending threat of tariff policies that could disrupt global trade. During a media launch on Monday, June 16, the Lucio Tan-led airline unveiled the...
Aside from strengthening governance to build investors’ confidence in developing countries like the Philippines, the Washington-based World Bank Group (WBG), the world’s largest development bank, said these economies should also increase job opportunities for women as local branches of foreign...
