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...
The Securities and Exchange Commission (SEC) continues to crack down on erring lending firms and has recently fined LHL Online Lending Inc., doing business under the names and styles of Pautang Online and Pautang Peso, for providing misleading information in its loan agreements. In an order dated...
The Securities and Exchange Commission (SEC) has slapped a ₱1-million penalty on Link Credit Lending Investors Inc., doing business under the names and styles of iPeso and Pesoin, for engaging in unfair debt collection practices. In an order dated July 18, the SEC Financing and Lending Companies...
The Philippine Independent Power Producers Association (PIPPA) reassured its commitment to collaborate with the energy sector to achieve the electrification and energy security goals mentioned by President Marcos in his fourth State of the Nation Address (SONA). In a statement, PIPPA expressed its...
Top lender BDO Unibank Inc. of the SM Group has successfully raised ₱115 billion from its fourth peso-denominated Association of Southeast Asian Nations (ASEAN) sustainability bond issue—23 times its original offer of ₱5 billion. The bank informed the Securities and Exchange Commission (SEC)...
VITRO Inc., the data center arm of telecommunications giant PLDT Inc., announced that all its flagship data centers have secured Rated-3 certifications, a significant step in its pursuit of making the Philippines a major digital hub. In a statement, VITRO said its 11 data centers have all received...
West zone concessionaire Maynilad Water Services, Inc. is awaiting confirmation from one of its foreign cornerstone investors before proceeding with its ₱45.8 billion initial public offering (IPO), targeted for October. Maynilad chairman Manuel V. Pangilinan said on Monday, July 28, that one...
Top township developer Megaworld Corp. is preparing for another infusion of assets into MREIT Inc. later this year by unloading ₱1.17-billion worth of the real estate investment trust’s (REIT) shares. In a disclosure to the Philippine Stock Exchange (PSE), Megaworld said it sold 84.8 million...
The Securities and Exchange Commission (SEC) has slapped a 60-day suspension on Jia Financing Inc. for operating an illegal website and for failure to disclose new loan products and services. In a statement, the SEC said it has suspended the certificate of authority of Jia Financing operate as a...
Progress feels different when it’s steady, not loud or rushed, rooted in the kind of grit and heart that defines its environs. That is exactly the kind of growth spurt that the province of Pangasinan has been showing. In the city of San Carlos, this is made more pronounced by the corporate...
Robinsons Supermarket Corp., a wholly owned subsidiary of the Gokongwei Group’s Robinsons Retail Holdings Inc. (RRHI), is expanding into the motorcycle business by acquiring 100 percent of Lance Gokongwei’s Premiumbikes Corp. for ₱146.4 million. In a disclosure to the Philippine Stock...
Top lender BDO Unibank Inc. (BDO) of the SM Group reported a three-percent improvement in net income to ₱40.6 billion in the first half of 2025 from the ₱39.4 billion it earned in the same period last year, driven by strong performance from its core businesses. However, the firm disclosed to...
