Shakey’s Pizza Asia Ventures, Inc., one of the leading chain restaurants and food groups in the Philippines, still expects to post double-digit sales and core profit growth this year despite reporting a lower net income and flattish core earnings for the first half. In a disclosure to the...
Real estate magnate Manuel B. Villar Jr. ranks as the only Filipino in the top 100 of Bloomberg’s Billionaire’s Index, a list of the world’s 500 richest based on their total net worth. Villar placed 99th in the list with a net worth of $23.1 billion, $617 million or 2.7 percent more than a...
Broadband and technology provider Converge ICT Solutions Inc. announced that an Asia Pacific subsea cable system has reached Philippine shores, enabling the country’s digital transformation and deeper trade ties in the region. In a statement, Converge said it has now linked the Philippine branch...
Filinvest Land, Inc., one of the Gotianun Group’s property developers, reported a stable net income of ₱2.12 billion in the first half of the year (up one percent year-on-year) on the back of sustained leasing momentum from its retail and office investment properties. The firm disclosed to the...
Tiger Resort, Leisure and Entertainment, Inc. (TRLEI), the operator of Okada Manila, announced a change in leadership with President and Chief Operating Officer Byron Yip handing over the reins of the company to Nobuki Sato by Sept. 15, 2025. In a statement, Okada Manila said the significant...
Global Ferronickel Holdings, Inc. (FNI), one of the Philippines’ leading nickel ore producers, tripled (up 200.4 percent) its attributable net income to ₱622.1 million in the first half of 2025 from ₱207.1 million in the prior year as a jump in prices and stable costs offset lower shipments....
SM Prime Holdings, Inc. (SM Prime), one of Southeast Asia’s largest integrated property developers, has retained its place in the FTSE4Good Index Series for nine consecutive years. Created by FTSE Russell, a subsidiary of the London Stock Exchange Group, the FTSE4Good Index is a globally...
Megaworld Hotels & Resorts, a unit of township developer Megaworld Corp. and the country’s largest hotel developer, is opening seven new hotels to grow its nationwide portfolio by 50 percent to 9,000 hotel room keys by 2030. In a disclosure to the Philippine Stock Exchange, Megaworld said these...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has kicked off its 2025 “Plant for Life” program with an ambitious goal of planting 180,000 native trees across the Ipo and other critical watersheds this year. The initiative highlights Maynilad’s commitment to long-term...
Low-cost carrier Cebu Pacific saw its earnings in the first half rise by a staggering 153 percent from the previous year on higher passenger volume and an engine compensation package. In a disclosure to the Philippine Stock Exchange (PSE), Cebu Pacific’s parent firm, Cebu Air Inc., reported a net...
Ayala-led Globe Telecom Inc. banked on contributions from its one-off equity earnings from the parent firm of popular e-wallet GCash to weather headwinds that led to a dip in its profit in the first half of the year. In a disclosure to the Philippine Stock Exchange (PSE), Globe reported that its...
Hann Holdings Inc., the owner and developer of the integrated resort (IR) brand Hann Resort, has partnered with a European technology firm and is poised to enter the online gaming market once regulatory issues are resolved by lawmakers and the government. In an interview, Hann Group Founder,...
