Philippine manufacturing activity returned to growth in May as output and new orders recovered, but factories continued to shed jobs while cost pressures intensified amid supply-chain disruptions and the prolonged war in the Middle East, S&P Global said. In a report on Monday, June 1, S&P Global...
As part of the Philippine government’s efforts to strengthen economic collaboration with Japan, the Ayala Group has signed a series of strategic memoranda of understanding (MOUs) with leading Japanese partners Mitsubishi Corp., Mitsubishi UFJ Financial Group (MUFG), and KDDI Corp. In a statement...
Security Bank Corp. has appointed Executive Vice President (EVP) John David “JD” Yap as the bank’s new chief financial officer (CFO), effective June 13, 2026, replacing Allen Alexander P. Reyes, who is retiring for personal reasons. In a disclosure to the Philippine Stock Exchange (PSE) on...
RL Commercial REIT Corp. (RCR), the real estate investment trust backed by developer Robinsons Land Corp. (RLC), is planning up to two tranches of property injections this year as it shifts its portfolio growth toward steady-yielding retail assets. Kerwin Max S. Tan, chief financial officer of both...
The Quezon City Police District (QCPD) is tracking three motorcycle riders who were allegedly involved in a hit-and-run incident at the corner C.P. Garcia Avenue and Masinsinan Street in Barangay UP Campus, Quezon City, at 3:51 a.m. on May 16. Initial investigation showed that the 58-year-old...
Planned initial public offering (IPO) of Mynt, the digital fintech heavyweight backed by Ayala Corp. and Alibaba affiliate Ant Group, will likely look past its initial July target as the company awaits a regulatory overhaul from local bourse officials. While the operator of the ubiquitous GCash...
Zobel-led Ayala Corp. saw its core net income edge lower in the first quarter of 2026 as the downturn in its real estate business tempered gains in banking and telecommunications. In a disclosure to the Philippine Stock Exchange, the country’s oldest conglomerate reportd reported core net...
A fresh force is making its way into the ever-growing P-pop scene, and five young women are determined to prove that differences can create something powerful together. Meet oona. Composed of Isaki, Coleen, Bella, Jaylou, and Kari, a new girl group bringing together different personalities,...
RL Commercial REIT Inc (RCR)., the real estate investment trust backed by developer Robinsons Land Corp., reported a 41 percent surge in first-quarter net income, buoyed by property injections last year and robust tenant demand. In a disclosure to the Philippine Stock Exchange, the firm said its...
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...
Just like how GCash got an unexpected but huge boost during the Covid-19 pandemic, another new business of Ayala Corp., car dealer ACMobility, is now benefiting from the Middle East conflict as surging fuel prices have heightened the appeal of electric vehicles (EVs). In a press briefing after the...
Ayala Corp., the country’s oldest conglomerate, is prepared to slash its planned capital expenditure for 2026 by as much as 28 percent as escalating tensions in the Middle East cloud the global economic outlook. Cezar P. Consing, Ayala president and chief executive officer, said the Zobel...
