Shakey’s Pizza Asia Ventures Inc. (SPAVI), one of the leading restaurant and kiosk operators, saw its first-quarter net income slide 27 percent as the costs of aggressive store expansion and marketing offset a double-digit rise in systemwide sales. In a disclosure to the Philippine Stock...
Puregold Price Club Inc. is leveraging its procurement scale to mobilize a coalition of more than 150 commercial brands, aiming to stabilize the supply chains of neighborhood retailers currently squeezed by persistent inflation. Puregold, the grocery giant led by Vincent Co., said the initiative...
Malls have evolved and outgrown their role beyond shopping destinations. Today, they serve as shared spaces where communities gather, dine, unwind, and connect, becoming part of daily life within growing estates and townships. A well-placed mall shapes the identity of an estate, sustains its local...
Telco-to-tech provider Converge ICT Solutions Inc. is doubling down on its plan to spend up to ₱23 billion in capital expenditures (capex) this year to support network operations and capture more demand for connectivity, even as operating costs increase due to supply chain volatility. Converge...
Globe Telecom Inc. is planning to leverage services outside its traditional offerings, including the direct-to-cell service developed by Starlink, to propel its growth in a year of anticipated slower consumer demand due to accelerating inflation. Carl Cruz, president and chief executive officer...
AREIT Inc. reported that its first-quarter bottom line surge as its aggressive expansion into regional markets outside Metro Manila began to pay off. The real estate investment trust backed by property heavyweight Ayala Land Inc. reported a 25 percent year-on-year increase in net income to ₱2.6...
Sy-led SM Prime Holdings Inc. (SM Prime) is on track to open its second arena, SM Seaside Cebu Arena, next month as it has been barely affected by the spike in construction costs because the project was nearly completed before the global oil crisis started. “Fortunately, we’re almost done with...
VisMin real estate firm Cebu Landmasters, Inc. (CLI) is venturing into the sports and recreation business by partnering with GV Sports Facilities Corp. to develop a ₱100-million ballpark in Cebu. In a disclosure to the Philippine Stock Exchange, CLI said it has entered into a joint venture with...
Zobel-led Ayala Corp. saw its core net income edge lower in the first quarter of 2026 as the downturn in its real estate business tempered gains in banking and telecommunications. In a disclosure to the Philippine Stock Exchange, the country’s oldest conglomerate reportd reported core net...
Razon-led Manila Water Co. has commenced drawing raw water from the Upper Wawa Dam to supply its Calawis treatment facility, a move aimed at bolstering service reliability for approximately 100,000 residents in Antipolo City as traditional reservoirs face seasonal strain. In a statement on...
Leading motorcycle manufacturer, Honda Philippines, Inc. (HPI), has reached a significant milestone with 12 million cumulative unit sales on April 30, 2026. This achievement reflects the company’s sustained growth in the local market, driven by strong customer trust and its consistent delivery of...
Gokongwei-led conglomerate JG Summit Holdings Inc. is implementing austerity measures and recalibrating its pricing strategies as geopolitical volatility in the Middle East threatens to erode margins across its aviation and consumer units. Lance Y. Gokongwei, JG Summit president and chief...
