Philippine motorcycle sales maintained an upward trajectory in the first quarter, rising 11 percent as expensive petroleum prices and high borrowing costs pushed consumers toward more economical transport alternatives. Data from the Federation of Asian Motorcycle Industries (FAMI) showed that the...
The majority shareholders of the Lopez family have petitioned the Securities and Exchange Commission (PSE) and the Philippine Stock Exchange (PSE) to investigate First Gen Corp. over alleged disclosure violations involving “poison pill” provisions in agreements with Prime Infrastructure...
Tiger Resort, Leisure and Entertainment Inc. (TRLEI), the owner of Okada Manila integrated casino resort, registered a 53- percent drop in earnings before interest, taxes, depreciation, and amortization (EBITDA) during the first quarter—signaling that the local casino business is still far from a...
CLI Hotels and Resorts, the hospitality arm of Visayas-Mindanao (VisMin) developer Cebu Landmasters Inc. (CLI), has finally opened the long-delayed Radisson RED Cebu Mandaue, the first Radisson RED in the Philippines. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, April 22,...
ZHUHAI, China — Gree Electric Appliances Inc. of Zhuhai (Gree) is aiming to carve out a larger share of the air conditioning market in the Philippines, backed by improved stock management and innovative new products. William Zhao, regional general manager for Gree’s Asia and Oceania unit, said...
Emperador Inc., the spirits unit of the Alliance Global Group Inc., is tightening its belt on capital spending for second consecutive year even as it anticipates recovery in earnings performance. The company told stock analysts that the brandy and whisky giant slashed its capital expenditure budget...
Amid global volatility and local controversies, the Philippine real estate sector continues to show resilience, reinvention, and untapped potential. According to global real estate services firm Santos Knight Frank (SKF), as the real estate sector enters its next phase of growth—the long-term...
Alliance Global Group Inc. (AGI), the investment vehicle of billionaire Andrew Tan, reported a record net income last year, as gains from its real estate and leisure units helped offset the decline in consolidated revenue following the deconsolidation of its McDonald’s local franchise. In a...
Jaime Augusto Zobel de Ayala, the long-standing architect of the Philippines’ telecommunications sector, is stepping down as chairman of Globe Telecom Inc., marking the end of a nearly three-decade tenure that saw the company evolve from a niche cable provider into a digital services...
The Chamber of Real Estate & Builders’ Associations Inc. (CREBA) is calling for reforms to the government’s socialized housing framework, citing rising costs and structural inefficiencies that it said could undermine the sector. In a statement on Monday, April 20, CREBA flagged the need to...
Honda Cars Philippines, Inc. (HCPI) has officially launched the Honda Prelude. The sophisticated hybrid coupe is a grand tourer that bridges nostalgic, well-loved heritage with new technology tailored for today’s market. Designed with the concept of ‘Unlimited Glide’, the Honda Prelude is...
The Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS RO) penalized Maynilad Water Services Inc. ₱54.28 million following a series of prolonged service interruptions that left more than 165,000 customers in the southern West Concession Area without reliable access to water. In...
