Stores Specialty Inc. (SSI Group Inc.), the Philippines’ largest luxury and specialty retailer, saw its first-half net income plunge 40 percent as aggressive operational cost expansion outpaced strong top-line sales growth. Net income for the six months through June fell to ₱273 million from...
Japanese credit rating agency Rating and Investment Information, Inc. (R&I) expects Philippine economic growth to lag behind its 2025 pace as the country continues to bear the brunt of corruption-led infrastructure spending delays in 2026. This projection comes even as R&I affirmed the...
Telecommunications giant PLDT Inc. and its wireless unit Smart Communications Inc. are blocking access to more than 100 websites that were found to be streaming or hosting videos of school shootings and other acts of violence. In a statement on Friday, Aug. 21, PLDT said it is promptly restricting...
In celebration of excellence, innovation, and leadership in the property sector, the 14th PropertyGuru Philippines Property Awards honored the industry’s achievements of 16 organizations, setting the benchmark in 45 categories. The gala night was held at the Shangri-La The Fort, Manila, on August...
The Philippine Stock Exchange (PSE) approved the petition for voluntary delisting filed by Robinsons Retail Holdings Inc. (RRHI), setting Aug. 31, 2026, as the official date the firm’s shares will be removed from the local bourse. Trading of RRHI shares has actually been suspended since July 14,...
SM Prime Holdings Inc. (SM Prime), through its industrial leasing arm SM Warehouses, is looking to expand its logistics facilities nationwide—banking on the group’s immense land bank to serve the growing e-commerce sector. “Right now, we want to maximize SM Prime’s land bank and that it...
By Sheila Lobien, CEO, Lobien Reality Group Inc. The Luzon Spine Expressway Network (LSEN), DPWH 's 1,213-km program linking Ilocos to Bicol, is the largest infrastructure undertaking touching Pampanga, Bulacan, Cavite, Laguna, Batangas, and Rizal. National infrastructure disbursement averaged...
The Sy-controlled Dominion Holdings Inc. (DHI) is poised to become the biggest mining company in the Philippines through the consolidation of interests in the Tampakan copper-gold project, the largest undeveloped copper and gold deposit in Southeast Asia with an estimated gross value of as much as...
Smart Communications Inc. has made significant progress in its efforts to expand mobile coverage in the country through satellite connectivity after completing tests that demonstrated its reliability despite the impact of storms and other disasters. Smart said in a statement on Wednesday, Aug. 19,...
Epson Precision Philippines Inc. (EPPI) is investing over ₱40 million to expand its Batangas manufacturing footprint beyond precision printing and into robotics, according to the Philippine Economic Zone Authority (PEZA). In a statement, the investment promotion agency said PEZA Director General...
BellaVita Land Corp., the socialized housing unit of real estate developer Ayala Land Inc., handed over the first 110 homes to municipal employees in Naga City as part of a 1,011-unit residential development. The initial handover at the BellaVita Naga property in Barangay Pacol marks the start of a...
SM Prime Holdings, Inc. (SM Prime) received the Gold Award in the Transformation Category at the 2026 ESG Edge Impact Awards for its SM Waste Free Future initiative. The Transformation Category celebrates businesses and organizations that have significantly improved and evolved overall...
