Members of the Lopez family controlling 71 percent of holding company Lopez Inc. have issued a public statement clarifying their decision to remove Federico “Piki” R. Lopez (FRL) as president, citing a total “loss of trust and confidence.” The group, representing three branches of the...
Integrated Microelectronics Inc. (IMI), the manufacturing arm of the Ayala Group, swung to a profit in 2025 as a multi-year restructuring program to shed non-core assets and streamline global operations began to yield results. In a statement on Monday, April 27, the electronics producer reported...
Strawberry cakes are easy to like, but harder to get right. Goldilocks is adding its own version to the mix with the launch of the Signature Strawberry, a new cake that leans into a familiar flavor without overcomplicating it. Part of the brand’s Signature line, the cake is built on four layers...
West Zone concessionaire Maynilad Water Services Inc. is ramping up infrastructure investment and system optimizations to safeguard supply as the summer season approaches and weather officials warn of a potential El Niño phenomenon. In a statement, the company, which serves millions of consumers...
Ayala Land Inc. (ALI), the country’s largest property developer, pushed back against market speculation regarding its liquidity, asserting that its balance sheet remains robust with sufficient capital to refinance upcoming obligations and fund its pivot toward recurring income. ALI pointed out...
Lucio Tan-led flag carrier Philippine Airlines Inc. (PAL) and Alaska Airlines Inc. have jointly applied for expanded reciprocal codeshare services covering flights between the Philippines, the United States (US), and beyond, in a move aimed at deepening connectivity to Hawaii and other US...
Local stock market is expected to remain in a bearish holding pattern this week as prolonged diplomatic deadlock in the Middle East dampens investor appetite, even as the market looks toward domestic trade data and the United States (US) Federal Reserve for direction. While local equities have...
Pioneer Insurance, with its joint venture CARD Pioneer Microinsurance Inc., brought global microinsurance leaders to an immersion in a farming community in Sta. Ana, Pampanga, giving them a firsthand look at how inclusive insurance works in communities and how it reaches farmers and underserved...
F or decades, the Philippine real estate market was defined by “single-purpose density”—isolated residential blocks or standalone office towers that required a commute for every basic need. As the market matures into a more sophisticated era, buyers are no longer just purchasing a physical...
Solar energy is no longer a distant concept in the Philippines. It is an increasingly viable, working solution to today’s energy challenges. As demand continues to rise and pressure on the grid becomes more apparent, renewable energy has moved from discussion to deployment, with institutions...
The corner office at Globe Tower in Bonifacio Global City (BGC), Taguig City, has long been a vantage point for the shifting skyline of Metro Manila, but for Jaime Augusto Zobel de Ayala, it was the laboratory. For three decades, the man everyone calls JAZA was at the center of the Philippines’...
BDO Unibank Inc., the country’s largest lender by assets, reported a two percent increase in first-quarter net income as double-digit loan growth across all market segments offset a decision to bolster its rainy-day reserves. Net income for the Sy family-led bank rose to ₱20.1 billion in the...
