Spirits and real estate billionaire Andrew Tan has begun transferring ₱1.83 billion worth of Emperador Inc. shares to his holding company, Alliance Global Group Inc., locking in a roughly 16 percent gain on the stake he acquired in May and June. In a disclosure to the Philippine Stock Exchange,...
A group of education workers on Saturday, October 18, joined calls for the resignation of Government Service Insurance System (GSIS) President and General Manager Jose Arnulfo “Wick” A. Veloso over reported losses amounting to P8.8 billion and alleged questionable investments in...
Administrators, academics, and students from major universities along Taft Avenue have joined forces under the One Taft alliance to condemn corruption in flood-control projects and pledge participation in nationwide protests on September 21, coinciding with the anniversary of Martial Law. In a...
The Securities and Exchange Commission has called on leaders and innovators in the financial technology sector to help develop a globally competitive capital market. “If we work together—government, industry, and innovators—we can make the Philippines not just a participant, but a leader in...
The newly formed alliance of online gaming operators is warning that the recent move by the central bank to cut off easy access to gambling sites via e-wallets could backfire by pushing players into the unregulated black market. The PlaySafe Alliance of the Philippines, comprising 18 online gaming...
United States Senator Rick Scott visited the Philippines anew this week to boost the relations of the two countries, US Ambassador to Manila MaryKay Carlson said. In a post on X (formerly Twitter) on Sunday, Aug. 17, the envoy shared about his meeting with the visiting senator. “Welcome back to...
Alliance Global Group Inc. (AGI), the conglomerate led by tycoon Dr. Andrew L. Tan, reported a 39-percent jump in net income to ₱19.2 billion in the first half of the year, driven largely by the increasing contribution from its real estate business and tourism-related segments, on the back of...
Amid an industry review, online gambling operators have joined forces to form the PlaySafe Alliance of the Philippines, a group aimed at promoting responsible gambling, enhancing compliance, and combating illegal operators. The alliance, made up of 19 founding organizations, was formally created on...
Megaworld Hotels & Resorts, a unit of township developer Megaworld Corp. and the country’s largest hotel developer, is opening seven new hotels to grow its nationwide portfolio by 50 percent to 9,000 hotel room keys by 2030. In a disclosure to the Philippine Stock Exchange, Megaworld said these...
The Philippine Independent Power Producers Association (PIPPA) reassured its commitment to collaborate with the energy sector to achieve the electrification and energy security goals mentioned by President Marcos in his fourth State of the Nation Address (SONA). In a statement, PIPPA expressed its...
The alliance between the Philippines and the United States is “stronger than ever,” US Ambassador to the Philippines MaryKay Carlson said, as she affirmed that Washington is proud to “stand shoulder-to-shoulder” with Manila toward a safe, free, and prosperous future. In her speech during...
United States Ambassador to Manila MaryKay Carlson is unsurprised by plans to establish a mutual ammunition co-production factory in the former US Naval Base Subic Bay. In an interview on the sidelines of the US Independence Day celebration on Thursday, July 3, the envoy recalled the joint...
