The Chinese Filipino Business Club, Inc. (CFBC) has condemned widespread corruption in the country, calling it a “recurring issue” that has led to the theft of billions of pesos from taxpayers. In a statement, CFBC President Samuel Lee Uy expressed frustration over recent reports of funds...
Amid the recovery of the consumer market, billionaire Manuel B. Villar Jr. is strengthening management of AllHome Corp. and AllDay Marts Inc. by hiring two retail veterans as their new presidents. In a disclosure to the Philippine Stock Exchange (PSE), AllHome said Frances Rosalie T. Coloma has...
Gaisano-led Metro Retail Stores Group, Inc. (MRSGI) has expanded its branch network to 78 stores with the opening of Metro Store and Supermarket in Bais City, marking the community and the retail chain’s continued growth in the Visayas. The firm said its newly launched Metro Market and Department...
Phoenix Petroleum Philippines Inc. informed the Philippine Stock Exchange (PSE) that it is unable to pay dividends due to its preferred shareholders because it has no unappropriated retained earnings. The PSE had written Phoenix Petroleum, directing it to give an update on the redemption and...
The Gokongwei Group’s property development arm, Robinsons Land Corp. (RLC), has raised ₱7.75 billion from the sale of one billion shares of RL Commercial REIT Inc. (RCR) to increase the real estate investment trust’s (REIT) public float. In a disclosure to the Philippine Stock Exchange (PSE),...
Antonio-led Century Properties Group Inc. has been included in the Financial Times Stock Exchange (FTSE) Global Equity Index Series (GEIS) - Microcap Index effective Monday, Sept. 22. The FTSE Microcap Index is part of the globally recognized FTSE Global Equity Index Series, which serves as a...
Meralco 's power generation arm, Meralco PowerGen Corp. (MGen), is looking to expand into Malaysia, citing the country’s rising demand for power, particularly from the growing data center industry. MGen President and Chief Executive Officer Emmanuel Rubio stated in a media roundtable that...
Retail electricity supplier Shell Energy Philippines, Inc. (SEPH) is expanding its renewable energy (RE) portfolio to align with the Philippines ' goal of increasing clean energy in its generation mix. SEPH President and Chief Executive Officer Bernd Krukenberg told the Manila Bulletin that...
The Philippine stock market is seen to try to sustain its strong bounce last week as investors continue to cheer the United States (US) Federal Reserve’s latest policy move and outlook. “Despite last week’s climb, the local market is still undervalued with a price-to-earnings ratio of 10.8...
SM Prime Holdings Inc., one of Southeast Asia’s largest integrated property developers, is planning to expand its portfolio to 130 malls by its 50th year, in 2035, as it intends to consistently open four new malls starting next year. During Manila Bulletin’s The Sit Down, SM Supermalls...
The way Filipinos work has shifted, with more professionals choosing remote or hybrid setups over the traditional 9-to-5. Rising rental costs have also pushed startups and small businesses to seek more practical alternatives to dedicated offices. Responding to this need is AXS Aseana, a newly...
Since time immemorial, faith and technology have often seemed at odds with each other. Dench Decino, a man thrust into leading a prominent professional services firm, is charting his path between these two forces as he steers the company toward an increasingly digital future. Decino, the location...
