As it celebrates its 70th anniversary, the Filinvest Group once again solidified its continued commitment to inclusive, purpose-driven developments with its real estate companies’ strong showing at the 2025 FIABCI Philippines Property and Real Estate Excellence Awards. Its real estate companies,...
ZAMBOANGA CITY – Authorities arrested a notorious Abu Sayyaf Group member in this city on Saturday, May 31. Police identified the suspect as Isnaji Jundam Hasim, 34. Hasim was allegedly a supporter of ASG leader Ibni Acosta. Hasim was accused of involvement in several high-profile abductions and...
The World Bank Group (WBG) has imposed a 4.5-year debarment on L.S.D. Construction & Supplies, a construction firm in the Philippines, for “collusive, fraudulent, and corrupt practices” linked to the Philippine rural development project (PRDP). In a May 28 statement posted on its website, the...
Senate President Pro Tempore Jinggoy Ejercito Estrada on Friday, May 30 rejected China’s claim of sovereignty over Spratly Islands saying it has no basis in making such declaration. “Sandy Cay, also known as Pag-asa Cay 2, and the nearby Pag-asa Island are part of the Kalayaan Group of...
The Philippines is scheduled to borrow a total of $7.85 billion, or over ₱437 billion, from the Washington-based World Bank in the next two years under their new six-year lending program aimed at supporting the climb to upper-middle-income country (UMIC) status. The country partnership framework...
US-basaed Capital Group Companies Inc. (CGC), one of the world’s largest investment management firms with over $2.6 trillion in assets, reported that it now has accumulated a 5.052 percent stake in the Gokongwei Group’s Universal Robina Corporation afte. In a disclosure to the Philippine Stock...
DoubleDragon Corporation’s Hotel101 Global (Hotel101) has teamed up with Horizon Group for a major expansion in the Kingdom of Saudi Arabia with plans to develop up to 10,000 hotel rooms worth $2.5 billion. In a disclosure to the Philippine Stock Exchange, DoubleDragon said Hotel101 has signed a...
Logistics solutions provider Airspeed is projecting a 10 percent decline in its export service this year, as prospective buyers of Philippine products are holding off their orders ahead of the reimplementation of the United States’ (US) tariff policy. Airspeed Group President Rosemarie Rafael...
The Philippines ' annual economic growth is expected by the World Bank Group (WBG) to remain below six percent this year until 2031. Its newest country partnership framework (CPF) for the Philippines, covering fiscal years (FYs) 2026 to 2031, showed that the WBG forecasts Philippine gross...
The World Bank Group (WBG) will extend to the Philippines between $22 billion and $23 billion—or as much as over ₱1.2 trillion—in loan and other financing starting mid-2025 until 2031 to support both public and private initiatives aligned with the country 's climb to upper-middle-income...
Tycoon Dr. Andrew Tan has so far invested ₱1.33 billion as he continues to mop up shares of Emperador Inc., which faces removal from the Philippine Stock Exchange’s benchmark index if the public float falls below 20 percent. Emperador disclosed to the Philippine Stock Exchange that Tan’s...
Top South Korean companies, including the conglomerate Lotte Group, are planning to invest and expand into the Philippines, with a focus on food service, franchising, and retail modernization. In a statement, the Department of Trade and Industry (DTI) said Secretary Cristina Roque met with...
