Malacañang said President Marcos secured around P56.3 billion in potential investments from major Japanese companies during separate meetings on Thursday, May 28. This covers expansion projects in shipbuilding industries, advanced electronics manufacturing, semiconductor production, artificial...
The Philippines secured a total of P210 billion in investment commitments from Japanese corporations that met with President Marcos during his state visit to Tokyo. Malacañang disclosed that the high-level roundtable meeting with top Japanese business executives on Wednesday, May 27, yielded "an...
SM Investments Corp. (SMIC) increased its group-wide renewable energy sourcing to 31 percent of total electricity consumption last year, accelerating its shift toward cleaner energy across its sprawling retail, property, and banking empire. SMIC said its transition to green energy rose from 27...
Singapore-based Vena Group is strengthening its role in the Philippines’ ongoing transition to clean energy as it begins development of its two solar projects in Ilocos Norte valued at over ₱24 billion, according to the Board of Investments (BOI). The BOI said the groundbreaking of the Astra...
Foreign investment approvals by the country’s investment promotion agencies (IPAs) surged by more than half in the first quarter of 2026, although overall approved investments—including Filipino-led projects—declined sharply during the period, according to the Philippine Statistics Authority...
The Philippines is planning to ease existing hurdles to trade with Turkey as it looks to encourage investments in the country’s manufacturing and infrastructure sectors, according to the Board of Investments (BOI). In a statement, the investment promotion agency said BOI managing head Ceferino...
Metro Pacific Investments Corp. (MPIC) reported a five percent increase in first-quarter core profit as robust demand for power and healthcare services offset higher interest expenses and the diluted stake in its water utility. Manuel V. Pangilinan, MPIC chairman, president, and chief executive...
SM Investments Corp. (SMIC), the conglomerate controlled by the Philippines’ wealthiest family, is pushing ahead with a multi-billion-dollar reclamation project despite geopolitical headwinds in the Middle East, even as its banking unit opts for a “wait-and-see” approach on liquidating...
Metro Pacific Water (MPW) will deploy ₱3.81 billion in capital expenditure for this year, targeting aggressive infrastructure expansion in Dumaguete and Iloilo to buffer against climate-induced supply volatility. In a statement on Thursday, April 30, Andrew Pangilinan, MPW president and chief...
Sy-led SM Investments Corp. (SMIC) is shrugging off geopolitical tensions in the Middle East as a manageable disruption, betting that its diversified consumer-driven portfolio and disciplined capital management will shield it from global volatility. Amando M. Tetangco Jr., SMIC chairman, said the...
SM Investments Corp. (SMIC), the investment holding company of the Sy family, reported a seven-percent growth in consolidated net income to ₱21.5 billion in the first quarter of 2026, from the ₱20.1-billion profit it earned in the same period last year, reflecting steady performance across its...
Real investment activity in the Philippines risks shrinking during periods of global disruption, especially in scenarios where the United States (US) dollar swings wildly and uncertainty surrounding the American economy intensifies. “Investment declines most sharply when dollar strength and...
