Ayala-led Globe Telecom Inc. saw its net income expand in the first quarter of the year as its equity stake in Mynt, the holding company of popular e-wallet GCash, continued to pay off even after the dilution of its share. In a regulatory filing published on its website, Globe reported that its net...
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. has warned that trade shocks are more damaging than supply shocks—as they can shrink the country’s capital stock and slow growth—which monetary policy is not equipped to address. Remolona said at the International Monetary Fund (IMF)...
ILIGAN CITY – Soldiers neutralized a notorious leader of the Dawlah Islamiyah-Maute Group (DI-MG) in a 15-minute encounter on May 9 in Barangay Tambo, Bacolod-Kalawi, Lanao del Sur. Soldiers identified the fatality as Nasser Daud, alias Mas’od and Mahater. Daud was No. 1 in the government’s...
Japanese hip-hop/R&B girl group XG will live stream the finale of their world tour, “XG 1st World Tour: The First Howl.” The concert will be live streamed on XG’s official YouTube channel at 6:30 p.m. JST (5:30 a.m. ET / 2:30 a.m. PT) on May 14. The sold-out performance will take place at...
POPE LEO XIV (CBCP NEWS) An agricultural group has welcomed the election of Pope Leo XIV as the 267th pontiff of the Roman Catholic Church, saying his chosen name carries deep meaning for Filipino farmers and workers. In a statement released on May 9, the Federation of Free Farmers (FFF) said the...
Taipan Lucio Tan’s LT Group Inc. is infusing a total of ₱3.5 billion into subsidiary Eton Properties Philippines, Inc. (EPPI) and its residential unit Eton City Inc. (ECI) to fund their growth initiatives. In a disclosure to the Philippine Stock Exchange, LTG said its management has finalized...
She promised herself to join the family business at the age of 30, but the burgeoning property developments didn’t escape her attention, prompting Samantha Manigsaca’s early entry to AppleOne Group, Inc. by four years. Landing the position of vice president for Hospitality in February, she’s...
Union Bank of the Philippines and the ATRAM Group have finalized their partnership, aiming to revolutionize the Philippine asset management landscape by merging their trust operations and leveraging digital innovation. Under the agreement, UnionBank will acquire a 27.5 percent stake in ATR Asset...
LT Group Inc., the holding company of taipan Lucio Tan, sees opportunities to expand its market leadership as inflation stabilizes while the country’s economic conditions improve. “As we look ahead to 2025, LTG remains committed to driving sustainable and innovative growth,” said LTG...
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,...
Strong affordable housing and premium residential sales outside of Metro Manila led to double-digit earnings growth for Century Properties Group Inc. (CPG). The firm said it has continued its strong momentum in the first quarter of 2025, reporting a net income of ₱473 million, a 16 percent...
Davao tycoon Dennis A. Uy’s PH Resorts Group Holdings Inc. is relying on potential partnerships with EEI Corporation and AppleOne Group of Cebu to pay off debts, including that of its Bohol resort, and buy back land for its Mactan casino project. In a disclosure to the Philippine Stock Exchange,...
