ABC Impact, the Singapore-based impact investor dedicated to Asia and backed by Temasek Trust and Temasek, is acquiring minority interest of around 16 percent in Ayala Healthcare Holdings Inc. (AC Health). AC Health announced the landmark investment in a disclosure to the Philippine Stock Exchange,...
Despite the President’s State of the Nation Address (SONA) promise of rate reductions, it seems the only thing “cutting” is the consumer’s wallet, as electric bills continue their relentless upward climb. Realistically, rate reduction is a battle consumers can’t seem to win. It’s like a...
The Philippine semiconductor industry is pushing for the expansion of its export market as it braces for a “devastating” impact from the proposed 100-percent tariffs on foreign-made semiconductors entering the United States (US). US President Donald Trump announced last week that he will impose...
The Securities and Exchange Commission (SEC) has ordered Fuse Lending Inc. to stop its unlicensed lending operations while suspending Sumulong Financing for failing to get approval for its business plan. The Commission said it has issued a cease and desist order (CDO) against Fuse Lending for its...
Real estate giant Ayala Land Inc. is again launching residential projects in its core middle-income market after seeing a recovery in demand, which has brought down excess inventory or ready-for-occupancy (RFO) units to a comfortable level. In a press briefing, ALI President and CEO Anna Ma....
Ayala Healthcare Holdings Inc. (AC Health) and Glorious Dexa Mandaya Philippines, a subsidiary of Indonesia’s Dexa Group, have forged a strategic alliance aimed at strengthening the delivery of affordable, high-quality medicines for Filipinos. In a statement, Ayala said the partnership will...
Mobile services provider Smart Communications Inc. is kicking into the next gear of the telecommunications industry with the launch of KiQ, the country’s first app-based mobile brand designed with Gen Z in mind. Smart, the wireless unit of telecommunications giant PLDT Inc., said its new service...
Razon-led Manila Water Co. reported a 15 percent increase in its net income for the first half of 2025, from ₱6.9 billion to ₱7.9 billion, driven by strong performances from its domestic and international businesses. In a disclosure to the Philippine Stock Exchange on Friday, Aug. 8, the water...
Aboitiz Equity Ventures Inc. reported a 27 percent drop in consolidated net income of ₱8.4 billion in the first half of 2025 from the ₱11.5 billion earned in the same period last year due to lower earnings from its power and banking units, coupled with losses of its property and infrastructure...
For the first semester of 2025, Ayala Land, Inc. (ALI) posted P14.2 billion in net income, an 8 percent growth from last year, attained based on the strength of its diversified portfolio that includes premium residential, commercial and industrial spaces, retail leasing and hospitality, and...
PHINMA Corp. reported a consolidated net loss of ₱226.92 million in the first half of 2025 from a profit of ₱170.93 million in the same period last year due to losses of its construction materials and property units amid “pressure from the macroeconomic environment and the impact of seasonal...
It’s been a while, but Malacañang remains tight-lipped on the “Konektadong Pinoy” bill that aims to provide free Wi-Fi access, especially in Geographically Isolated and Disadvantaged Areas (GIDA), by liberalizing the telecommunications sector and expanding data connectivity. Yes, Virginia,...
