Phinma Education Holdings Inc., a subsidiary of Del Rosario-led Phinma Corp., is aiming to venture into Vietnam in two years’ time while continuing to expand its footprint in Indonesia and the Philippines In an interview, Phinma Education President Chito B. Salazar said “We’re hoping we can...
Global port operator International Container Terminal Services Inc. (ICTSI) continues its growth momentum in the first half of the year, with its net income growing by 15 percent to $483.84 million despite global trade uncertainties. In a disclosure to the Philippine Stock Exchange, ICTSI said its...
Only five companies from the Philippines made it to Forbes Asia’s 2025 Best Under A Billion list, which recognizes 200 top-performing small and mid-sized listed companies in the Asia-Pacific region. Filipino companies in the list are led by Converge Information & Communications Technology...
Wilcon Depot, Inc., the Philippines’ leading home improvement and construction supplies retailer, sees a potential turnaround in the second half as the decline in its second quarter earnings was not as steep as in the first quarter. In a disclosure to the Philippine Stock Exchange, the firm said...
In the late 2000s, Philippine business saw an intense corporate war as two of the country 's most aggressive conglomerates, Metro Pacific Investment Corp. (MPIC) of Manuel V. Pangilinan and San Miguel Corp. (SMC) of Ramon S. Ang, went to war for a single asset: Manila Electric Co. (Meralco)....
Lucio Co-led liquor distributor The Keepers Holdings Inc. posted a 13.7 percent improvement in net income to ₱1.6 billion in the first half of 2025 from the ₱1.43 billion earned in same period last year driven by the strong sales of imported brandy. In a disclosure to the Philippine Stock...
SM Prime Holdings, Inc. (SM Prime), one of the largest integrated property developers in Southeast Asia, reported record high profits as it remains optimistic due to strong consumption, lower interest rates, and continued recovery in retail and tourism. “With inflation contained and policy easing...
Telecommunications giant Globe Telecom Inc. said its network expansion strategy will focus on narrowing the digital divide affecting around 4.2 million Filipinos in remote areas in the country, as the company remains on track to achieve 100 percent mobile network coverage. As of August 2025, Globe...
Integrated Micro-Electronics, Inc. (IMI), the Ayala Group’s global electronics manufacturing services unit, is seeing the fruit of its right-sizing efforts as it registered a financial turnaround in the first half of 2025 with a net income of $7.6 million from a net loss of $8.8 million in the...
The local stock market will be taking cues from several Philippine economic reports—including inflation, jobs, and gross domestic product (GDP)—as well as corporate earnings while the recent weakness of the peso and concern over United States (US) tariffs will continue to cast a shadow over...
The Department of Migrant Workers (DMW) closed eight branches of a consulting firm across the country on Friday, August 1, after it allegedly engaged in illegal recruitment of teachers and professionals in the hospitality industry, some of whom had paid up to half a million pesos just to be...
Cebu Landmasters Inc. (CLI), a leading developer in the Visayas and Mindanao, posted record revenues of ₱19.5 billion in 2024, alongside growth in net income and operating cash flows. The year was marked by strong sales, increased recurring income, and a milestone joint venture with Japan’s...
