West zone concessionaire Maynilad Water Services Inc. has begun partially operating its new raw water reservoir at La Mesa water treatment plant (WTP) in Quezon City, allowing the facility to store up to 67 million liters of raw water to help stabilize supply during the dry season. In a statement...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
Powertrac Inc. said it is strengthening its role in supporting Philippine industries through expanded transport and heavy equipment solutions as demand for logistics, construction, and infrastructure equipment continues to grow. In a statement, the Valenzuela City-based company said it continues...
The Philippine Chamber of Food Manufacturers Inc. (PCFMI) has urged regulators to adopt more science-based, practical, and consultative approaches in crafting food and nutrition policies as the government studies new rules that could reshape the local food manufacturing industry. During PCFMI Food...
Enrique K. Razon Jr.-led Manila Water Co. Inc. said it has strengthened system-wide preparations to ensure uninterrupted water supply across its east zone concession area ahead of the anticipated “super” El Niño. In a statement on Tuesday, May 26, the east zone concessionaire said it had...
Local demand for cement is projected to decline this year as construction of government projects slows amid a tighter spending plan following a massive corruption scandal, according to the Cement Manufacturers Association of the Philippines Inc. (CeMAP). CeMAP president John Reinier Dizon said the...
Tanco-led STI Education Systems Holdings Inc. (STI Holdings) reported stable net earnings of ₱1.63 billion for the first nine months of its fiscal year (FY) ending in June 2026, compared to ₱1.62 billion a year ago, despite lower enrollments. In a disclosure to the Philippine Stock Exchange...
While the Lopez family has declared a ceasefire to resolve their differences privately, a minority shareholder of First Gen Corp. has stepped into the frontline to demand accountability from the firm’s board of directors. In a May 22 letter addressed to First Gen’s board, minority shareholder...
The Philippines’ property market is expected to remain resilient despite elevated inflation, geopolitical tensions, and high borrowing costs, with investors continuing to favor malls, logistics facilities, data centers, offices, and hotels that generate recurring income streams, according to...
RL Commercial REIT Corp. (RCR), the real estate investment trust backed by developer Robinsons Land Corp. (RLC), is planning up to two tranches of property injections this year as it shifts its portfolio growth toward steady-yielding retail assets. Kerwin Max S. Tan, chief financial officer of both...
Global Ferronickel Holdings Inc., one of the country’s top nickel ore producers, reported a 91 percent surge in first-quarter net income as surging global metal prices countered the drop in shipment volumes caused by adverse weather. Net income attributable to equity holders of the parent company...
The local stock market may trade sideways this week as concerns over rising inflation and interest rates offset hopes for a peace pact between the United States (US) and Iran. “The local market is still expected to deal with lingering uncertainties, which could keep its movement tempered this...
