The Bank of the Philippine Islands (BPI) announced the passing of its former president and chief executive officer, Xavier P. Loinaz, a figure who steered the institution through two decades of major economic turbulence and technological change. He was 81. Known as XP within the bank, Loinaz held...
Amid rainy weather, higher tariffs, and an import ban, the Philippine manufacturing sector slipped back into contraction in September as its purchasing managers’ index (PMI) fell to 49.9, the lowest in six months and only the third decline in more than four years. S&P Global Market Intelligence...
Zobel-led Ayala Corp. is ramping up the expansion of its consumer business, this time sealing a business venture to bring Spinneys, a premium fresh food supermarket chain in the United Arab Emirates, to the Philippines. In a disclosure to the Philippine Stock Exchange, the country’s oldest...
Robinsons Land Corp. (RLC) is planning to continue expanding its flexible office space unit work.able as it sees real demand in the coworking market—not just in Metro Manila, but also in the provinces. In a media interview during the inauguration of the 14th work.able branch at GBF Center 1 in...
Robinsons Offices, a unit of Robinsons Land Corp., has inaugurated GBF Center 2 in Bridgetowne destination estate two years after the completion of the adjacent GBF Center 1. RLC said the second building of the two-tower development not only complements its predecessor but elevates the estate into...
Ten Philippine companies, including conglomerates Ayala Corp. and SM Investments Corp., made it to TIME Magazine and Statista’s World 's Best Companies 2025 list, which measures employee satisfaction, revenue growth, and sustainability transparency. The list, which includes 1,000 companies...
Jobs remain a key driver of economic growth, with the IT-BPM sector leading as one of the country’s largest employers. In the second quarter of 2025, Robinsons Land Corporation (RLC), through its office development and leasing arm, Robinsons Offices, supported this growth by leading the office...
Work today is finding its place in spaces that feel alive. Coworking blends the independence of having your own desk with the shared energy of a community—spaces where people can focus, connect, and thrive while still feeling at home. This vision drives work.able’s growth, now marked by the...
Construction firm EEI Corp. (EEI) is expecting stronger revenues moving forward as total backlog or unworked portion of existing contracts jumped 40 percent to ₱36.85 billion at end-July 2025 from ₱26.39 billion in the second quarter of 2024. The firm noted that it is regaining momentum after...
Zobel-led Ayala Corp. reported a core net income, which excludes one-off items, of ₱23.7 billion in the first half of 2025—a two percent decline compared to the same period last year but an improvement from the four percent drop in the first quarter of the year. “This was a result of higher...
The Philippines and United States are exploring additional avenues for defense cooperation and deeper engagement in multilateral security partnerships across the Indo-Pacific region. Senior officials from the Department of National Defense (DND) and Joint United States Military Assistance Group...
The Zobel family’s Ayala Corp. (AC) has closed the sale of a 6.5-percent stake in GCash owner Globe Fintech Innovations Inc. (Mynt) to long-time partner Mitsubishi Corp. for ₱18.4 billion after the deal was cleared by the anti-trust watchdog Philippine Competition Commission (PCC). In a...
