Razon-led Manila Water Co. expanded its service network in the first half of the year, adding 14,501 new connections as the utility advances a multi-billion peso infrastructure program aimed at diversifying its raw water supplies away from the Angat Reservoir. In a statement, Manila Water said the...
Aliw Awards Foundation Inc. (AAFI) is getting ready to celebrate its 50th anniversary to coincide with the 39th Aliw Awards night on December 7, 2026, at the Manila Hotel Fiesta Pavilion. AAFI was registered in 1976 with the SEC, and the first Aliw Awards night was held in 1977. Except for a...
Emperador Inc., tycoon Andrew Tan’s global liquor conglomerate, is rejoining the FTSE Global Equity Index Series (GEIS) as a Small Cap constituent next month after a two-year absence following its removal in March 2024. The firm’s re-entry comes after FTSE’s Asia-Pacific excluding Japan...
The Philippines’ major telecommunications providers are expanding network-level blockades to restrict access to websites hosting graphic violence, school shootings, and illegal gore. The coordinated crackdown by PLDT Inc., Smart Communications Inc., Globe Telecom Inc., and Converge ICT Solutions...
Integrated Micro-Electronics Inc. (IMI), the Ayala group’s global electronics manufacturing services provider, reported a 50-percent jump in net income to $14 million in the first half of 2026 from the $9.4 million earned in the same period last year. “Over the past two years, IMI has optimized...
Government subsidies to state-run firms more than doubled to ₱114.6 billion in the first half of 2026, sustained by the huge April release to Philippine Health Insurance Corp. (PhilHealth) and the June subsidy to Food Terminal Inc. (FTI). The latest Bureau of the Treasury (BTr) data showed that...
As the first half of the year comes to a close, Cebu Landmasters, Inc. (CLI) is looking ahead with residential sales holding firm, recurring businesses gaining ground, and more than ₱25 billion worth of projects lined up for launch. Despite the shift in new project launches to the second half,...
Makro Philippines has secured four land lease agreements with property giant Ayala Land Inc. to open new wholesale locations in Mega Manila and Southern Luzon. The agreements cover long-term sites within four of Ayala Land’s master-planned, mixed-use developments: Cloverleaf in Balintawak,...
Stores Specialty Inc. (SSI Group Inc.), the Philippines’ largest luxury and specialty retailer, saw its first-half net income plunge 40 percent as aggressive operational cost expansion outpaced strong top-line sales growth. Net income for the six months through June fell to ₱273 million from...
Japanese credit rating agency Rating and Investment Information, Inc. (R&I) expects Philippine economic growth to lag behind its 2025 pace as the country continues to bear the brunt of corruption-led infrastructure spending delays in 2026. This projection comes even as R&I affirmed the...
Telecommunications giant PLDT Inc. and its wireless unit Smart Communications Inc. are blocking access to more than 100 websites that were found to be streaming or hosting videos of school shootings and other acts of violence. In a statement on Friday, Aug. 21, PLDT said it is promptly restricting...
In celebration of excellence, innovation, and leadership in the property sector, the 14th PropertyGuru Philippines Property Awards honored the industry’s achievements of 16 organizations, setting the benchmark in 45 categories. The gala night was held at the Shangri-La The Fort, Manila, on August...
