A quiet workday morning in Quiapo, Manila, might be part of Kyle Tan’s routine, but nothing about his journey has been. Inside his office at Tanduay Distillers Inc., two framed NBA jerseys hang on the wall—a constant reminder of his late father, Lucio “Bong” Tan Jr., and the unexpected path...
A 78-year-old Filipino-Chinese businesswoman who had been held captive for nine days was rescued on Thursday, Sept. 11, after police intercepted her abductors in what officials described as a “comedy of errors” when they attempted to withdraw the ransom at a bank, prompting a swift 911...
Banking on the recovery of the physical gaming market, Travellers International Hotel Group Inc. and its minority partner Suntrust Resorts Holdings Inc. are investing $300 million to $450 million to complete the $1.25 billion Westside Integrated Resort. In an interview, Travellers International...
The Philippines will deploy five representatives to the Interim Observer Group that was created to monitor the implementation of a ceasefire in the Cambodia-Thailand border region, President Marcos said. From the original plan to only send one or two, Marcos said it has been decided that the...
The Philippines will repay its latest $700-million (over ₱39-billion) World Bank loan, which is aimed at strengthening community resilience, until 2053. The latest World Bank documents showed that Finance Secretary Ralph G. Recto, on behalf of the Philippine government, signed the loan agreement...
RCBC Leasing and Finance Corp. (RLFC), a wholly owned subsidiary of Rizal Commercial Banking Corp.(RCBC), is using fresh capital infused by Japan’s Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) to fund its nationwide expansion in the next five years. Last month, RLFC and SMFL...
While Andrew Tan’s Travellers International Hotel Group Inc. (TIHGI) is taking majority control over the development of the $1.25-billion Westside Integrated Resort, its foreign-controlled partner Suntrust Resort Holdings Inc. is still infusing ₱3.2 billion into the project in line with its...
In line with its transformation into an infrastructure conglomerate, Asiabest Group International Inc. is offering shares worth up to ₱24.66 billion and acquiring the infrastructure and real estate companies of its chairman, Francis Lloyd Chua, for ₱15 billion. In a disclosure to the Philippine...
Shakey’s Pizza Asia Ventures, Inc. subsidiary Potato Corner (PC), a global leader in flavored fries from the Philippines, marked its expansion to Taiwan with the opening of its first Taipei store last month. Since its acquisition in 2022, PC has scaled its presence in key international markets,...
Andrew Tan’s Travellers International Hotel Group Inc. is taking majority control over the development of the Westside Integrated Resort, as its foreign-controlled partner Suntrust Resort Holdings Inc. has agreed to reduce its stake in the project to 20 percent due to financial challenges. In a...
Hard discount stores Dali and Robinsons Retail Holdings Inc. 's affiliate, O!Save, are giving stiff competition to traditional supermarket and convenience store chains by registering strong sales growth while expanding their reach in the retail market. Based on research by Abacus Securities...
Sy-led SM Investments Corporation, one of the Philippines’ largest conglomerates, sees new growth in its logistics and renewable energy units even as its core real estate, retail, and banking businesses continue to thrive with the country’s economy. “But, really, all of our businesses have...
