Razon-led International Container Terminal Services Inc. (ICTSI) has signed an agreement to be the strategic partner for the development and operation of Batu Ampar Container Terminal (BACT) in Batam, Indonesia. In a disclosure to the Philippine Stock Exchange (PSE), the firm said PT Batam Terminal...
KITA (Kapital at Ipon Tungo sa Asenso) Mo Na! —a financial education program of BDO Foundation—was recognized as Financial Inclusion Initiative of the Year at the Asian Banking & Finance (ABF) Retail Banking Awards 2025. The program aims to support the agricultural sector by improving the...
Despite recognizing significant losses from its struggling US division, Del Monte Pacific Limited reported a profit for its latest fiscal year after reclassifying its American operations as discontinued. “Considering the board changes and the voluntary Chapter 11 filing of DMFHL (Del Monte Foods...
Integrated Micro-Electronics Inc. (IMI), the Ayala Group’s tech manufacturing arm, has completed its 100-percent divestment from Integrated Micro-Electronics Czech Republic s.r.o. for ₱670 million or €10.025 million. In a disclosure to the Philippine Stock Exchange (PSE), IMI said it has sold...
Hyundai is giving buyers many more options to electrify their daily drive or weekend journeys with three new models that offers more space, power, and range. It took the wraps off its line of flagship electric vehicles, the updated Ioniq 5 and new Ioniq 9, as well as updated its Palisade offering...
With its long-standing reputation as an agricultural powerhouse, home to vast banana plantations that have shaped its economy for decades, Panabo City is now emerging as a vital force in Mindanao’s broader economic transformation. Spearheading this next chapter is homegrown developer Damosa Land,...
DAVAO CITY – A mixed mood of smiles and sadness can be seen among employees of a pioneer photo studio in this city as they entertain a handful of customers. Some of their colleagues are clearing the cabinets and putting most of the unsold photography supplies, picture frames, and instamatic...
Ayala-led telecommunications giant Globe Telecom Inc. has raised more than ₱89 billion in proceeds from tower sales, following the transfer of 93 towers to MIESCOR Infrastructure Development Corp. (MIDC) and Phil-Tower Consortium Inc. (PhilTower). In a disclosure to the Philippine Stock Exchange...
Tanduay Distillers Inc., the spirits unit of the Lucio Tan Group, reported that its flagship Tanduay rum has climbed to seventh place in The Spirits Business’ “Top 10 Best-Selling Brand Champions” list and is its Rum Brand Champion for 2024, with sales of 23.8 million cases in 2024. “Being...
I n 1956, the Philippines and Japan formalized diplomatic relations, transforming a difficult post-war past into a modern partnership built on shared values and resilience. From hardship emerged a lasting bond—one that continues to thrive today. Every July 23, Japan-Philippines Friendship Day...
One of the Japanese partners of Aboitiz Power Corp. (AboitizPower) in the 420-megawatt (MW) Pagbilao-3 coal-fired power plant is moving ahead on the divestment of its stake in the facility as part of an investment realignment to cleaner energy technologies. According to a source privy to the...
The Gokongwei Group’s Robinsons Retail Holdings, Inc. reported a 66.9 percent plunge in attributable net income to ₱2.3 billion in the first half of the year, mainly due to the one-time gain from the Bank of the Philippine Islands – Robinsons Bank merger booked in early 2024. In a disclosure...
