AREIT Inc. reported that its first-quarter bottom line surge as its aggressive expansion into regional markets outside Metro Manila began to pay off. The real estate investment trust backed by property heavyweight Ayala Land Inc. reported a 25 percent year-on-year increase in net income to ₱2.6...
Sy-led SM Prime Holdings Inc. (SM Prime) is on track to open its second arena, SM Seaside Cebu Arena, next month as it has been barely affected by the spike in construction costs because the project was nearly completed before the global oil crisis started. “Fortunately, we’re almost done with...
VisMin real estate firm Cebu Landmasters, Inc. (CLI) is venturing into the sports and recreation business by partnering with GV Sports Facilities Corp. to develop a ₱100-million ballpark in Cebu. In a disclosure to the Philippine Stock Exchange, CLI said it has entered into a joint venture with...
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...
Razon-led Manila Water Co. has commenced drawing raw water from the Upper Wawa Dam to supply its Calawis treatment facility, a move aimed at bolstering service reliability for approximately 100,000 residents in Antipolo City as traditional reservoirs face seasonal strain. In a statement on...
Leading motorcycle manufacturer, Honda Philippines, Inc. (HPI), has reached a significant milestone with 12 million cumulative unit sales on April 30, 2026. This achievement reflects the company’s sustained growth in the local market, driven by strong customer trust and its consistent delivery of...
Gokongwei-led conglomerate JG Summit Holdings Inc. is implementing austerity measures and recalibrating its pricing strategies as geopolitical volatility in the Middle East threatens to erode margins across its aviation and consumer units. Lance Y. Gokongwei, JG Summit president and chief...
Lopez-led First Gen Corp. is betting that its ₱50 billion partnership with billionaire Enrique Razon Jr. will provide the scale necessary to insulate local grid from volatile energy markets, defending the sale of its majority stake in the natural gas portfolio as a move to prioritize cheaper...
LT Group Inc., the diversified holding company of taipan Lucio Tan, reported a three percent increase in first-quarter profit as growth in its banking and tobacco units offset the slowdown in its beverage segment. In a filing to the Philippine Stock Exchange, the firm said that its attributable net...
The 10th edition of the Philippine International Motor Show (PIMS) is set to happen from June 4-7, 2026 at the World Trade Center, Metro Manila. The biennial flagship motor show of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) marks a milestone 10th staging with the...
Telecommunications giant Globe Telecom is optimistic that it will be able to cushion the impact of potentially weaker consumer demand amid higher costs of other goods to remain in line with its projection of revenue growth this year. Cezar Consing, the newly appointed chairman of Globe, said he...
Two-time PBA MVP James Yap put on a vintage performance, firing 25 points in leading defending champion Lamtex Pipes-backed Hua Siong College of Iloilo to an 81-60 drubbing of Xavier School in the opening of the 40s division in the Fil-Chinese Athletic Association Inc. (FCAAI) on Monday, May 11, at...
