Tycoon Dr. Andrew Tan has so far invested ₱1.33 billion as he continues to mop up shares of Emperador Inc., which faces removal from the Philippine Stock Exchange’s benchmark index if the public float falls below 20 percent. Emperador disclosed to the Philippine Stock Exchange that Tan’s...
Smart Communications Inc., the wireless unit of telecommunications giant PLDT Inc., said over 40 million active data users were in its network in the first quarter of the year, primarily driven by the growing adoption of 5G. In a statement, Smart said its active mobile data base is well “ahead of...
Lawyer Maggie Abraham-Garduque, spokesperson for TAPE Inc., said the company has not received a copy of the reported estafa complaint filed by GMA Network. She also said that there is no record of the complaint with the city prosecutor’s office. “I called TAPE about the article published at...
Ayala Land Inc., Megaworld Corp., Robinsons Land Corp., and SM Prime Holdings Inc., the Philippines’ top four property developers, are set to accelerate their premium residential projects over the next one to two years, in a bid to cushion the impact of slowing demand in the mass housing segment....
The Philippine Rural Electric Cooperatives Association, Inc. (PHILRECA) has expressed its support for the proposal to eliminate the multiple value-added tax (VAT) on electricity, which is expected to result in lower power rates for consumers. In a statement on Thursday, May 22, PHILRECA said the...
Tanco-led STI Education Systems Holdings, Inc., owner of the country 's largest network of private schools, posted a 45 percent jump in net income to ₱1.62 billion in the nine-month period ended March 31, 2025, from ₱1.12 billion in the same period last year. “The significant net income...
ILOILO CITY – Graft and corruption charges have been filed against key officials of the Department of Public Works and Highways-6 for allegedly rigging the bidding process in favor of Iloilo-based International Builders Corp. (IBC), the biggest contractor in Western Visayas region. The complaint...
Dedicated to developing luxury, integrated lifestyle destinations, Hann Philippines Inc. (HPI) is forging ahead with bold development projects in its bid to become the leading integrated resort developer in the country. Hann Casino is the first integrated resort in Clark Freeport Zone. HPI is the...
GMA Network Inc., the country’s top broadcast network, is taking steps to recover its ratings and profitability, on air and in the digital space, after seeing its earnings drop by 35 percent last year. “Efforts are underway to address the dip in our TV ratings as we work toward further...
Sun Life Philippines, the local unit of Sun Life of Canada, Inc., led the life insurance industry in the first quarter of 2025 by posting a premium income of ₱15.1 billion — the highest total premium recorded across the sector during this period, the company announced Tuesday. “This...
Leading real estate developer has been ranked at 40th spot in the Top Philippine Growth Champions 2025 – a ranking produced by the partnership of local newspaper Philippine Daily Inquirer and research group Statista. The Top Philippine Growth Champions 2025 is an annual list that ranks 50...
Tycoon Dr. Andrew Tan has bought another ₱333-million worth of shares of Emperador Inc. from the market, bringing his two-day purchase total to ₱666 million. The move aims to reduce the company’s public float and bring it closer to the 20-percent minimum public ownership requirement. In a...
