SM Investments Corp. (SMIC) increased its group-wide renewable energy sourcing to 31 percent of total electricity consumption last year, accelerating its shift toward cleaner energy across its sprawling retail, property, and banking empire. SMIC said its transition to green energy rose from 27...
SM Prime Holdings Inc., the property development arm of the Sy family’s SM group, is expanding its entertainment footprint by partnering with Live Nation Entertainment Inc.’s Ticketmaster, the global leader in live event ticketing. The joint venture, named SM Ticketmaster, will absorb and...
Local hog producers warned that the government’s plan to enforce a price ceiling on liempo or pork belly could further strain domestic production at a time when farmgate prices are already depressed while input costs are at their highest. Pork Producers Federation of the Philippines Inc....
Technology has made financial services more accessible, faster, and more inclusive, especially for those underserved by traditional banking. This is the power of embedded finance, which seamlessly integrates financial services into everyday platforms and digital experiences, allowing people to...
Let’s get away from the telenovela drama of the Senate with its shifting power dynamics and lingering public doubt and growing dismay—as well as the choppy trend in the cost of crude oil per barrel in the international market and its trickle-down negative effects on our way of life. Not that it...
The Palawan Group of Companies, the country’s most trusted pawnshop and remittance provider, has formalized a strategic partnership with BDO Unibank, Inc., one of the Philippines’ largest banks, to expand access to faster, more convenient, and more efficient financial services nationwide. The...
Global debt watcher Moody’s Ratings affirmed the deposit ratings of the Philippines’ largest lenders—Sy-led BDO Unibank Inc. and Ayala-led Bank of the Philippine Islands (BPI)—citing their strong profitability, solid asset quality, and ample liquidity buffers. Both lenders maintained their...
DAVAO CITY – Inside a small tribal hub in Barangay Binugao, Toril District, sewing and handloom machines hum steadily as the women of the Binugao Bagobo-Tagabawa Women’s Association (BIBATAWA) work side by side. Scattered across their tables are colorful fabrics, beads, and threads. For them,...
Alliance Global Group Inc. (AGI), the holding company of tycoon Andrew L. Tan, delivered a six-percent growth in net income to ₱7.8 billion in the first quarter of 2026 from the normalized profit of ₱7.4 billion in the same period last year due to higher earnings from its property and spirits...
State-run Maharlika Investment Corp. (MIC), which manages the country’s first sovereign wealth fund (SWF), grew its total comprehensive income by 2.3 percent to ₱2.74 billion last year from ₱2.68 billion in 2024 as business income rose despite higher expenses. Based on MIC’s latest...
Razon-led International Container Terminal Services Inc. (ICTSI) has secured a $300-million loan from the Beijing-based Asian Infrastructure Investment Bank (AIIB) to support the expansion and upgrade of three container terminals across the Philippines. In a statement on Wednesday, May 20, ICTSI...
The Securities and Exchange Commission (SEC) has revoked the broker-dealer registration of Mount Peak Securities Inc. after uncovering widespread regulatory violations, fraudulent financial reporting, and the use of a dummy account by the firm’s top executive. The regulator’s Markets and...
