Razon-led Manila Water Co. has expanded its retail aggregation program (RAP) enrollment, shifting 56 more facilities to the scheme that allows end-users to combine their power demand and qualify as a single contestable customer. In a statement on Thursday, Oct., 9, Manila Water said the move will...
DUBAI, United Arab Emirates —Philip Morris International (PMI) is exploring potential investments in the Philippines that would make the country a critical component in the tobacco giant’s vision for a smoke-free future, leveraging its strong regulatory framework and attractive business...
In a management takeover, President Marcos’ brother-in-law, Gregorio Araneta III, is divesting his entire 57 percent stake in the publicly listed gaming firm PhilWeb Corp. for ₱1.8 billion in favor of two firms, one of which is headed by PhilWeb’s President, Edgar Brian K. Ng. PhilWeb...
IPO-bound Maynilad Water Services Inc. is planning to expand its operations in Mega Manila, including the Harbor City reclamation area in Pasay, as well as in Bulacan and Cavite. During the firm’s initial public offering roadshow for domestic market players, Maynilad stated that it is looking to...
The Management Association of the Philippines (MAP) has selected business tycoon Hans Sy, who chairs the executive committee of SM Prime Holdings, as the recipient of the group’s “Management Person of the Year.” In a statement, the MAP announced that Sy is the 49th recipient of the...
The Iglesia ni Cristo (INC) has urged the Senate to continue its investigation into alleged anomalies in thousands of flood control projects and called on the Independent Commission for Infrastructure (ICI) to make its hearings public to ensure transparency and accountability. INC Executive...
Toyota Financial Services Philippines Corp. (TFSPH), the automotive financing and leasing arm of GT Capital Holdings Inc. (GT Capital), has cut short the offer period for its ₱2-billion maiden bond issuance due to strong demand. Originally set to run from Oct. 6 to 13, 2025, the offer period...
Five Filipina chief executives in financial services and real estate were named in Fortune Magazine’s 100 Most Powerful Women in Asia list for 2025. Named to the list are: Martha Sazon of Mynt-Gcash (#37), Anna Ma. Margarita Bautista Dy of Ayala Land Inc. (#69), Lynette V. Ortiz of Land Bank of...
The Lucio Tan Group’s MacroAsia Corp. has started the construction of the ₱2-billion New Earth Iloilo Water Supply Project, which will augment Iloilo’s potable water supply and address the rising requirements of expanding communities and industries in the province. The project is being...
Century Properties Group Inc. (CPG) has launched the ₱1.3-billion Azure North Townvillas, an exclusive and premium house-and-lot enclave, to capitalize on Pampanga 's emergence as a major residential investment in Central Luzon. In a disclosure to the Philippine Stock Exchange (PSE), CPG...
Razon-led International Container Terminal Services Inc. (ICTSI), through its subsidiaries, will invest over $130 million in Subic Bay International Terminals after securing fresh extensions to its concession agreements, allowing the global port operator to manage the facilities until 2058. ICTSI...
ILOILO CITY – A conglomerate of the Razon group’s power distribution services in the Visayas welcomed former Independent Electricity Market Operator of the Philippines (IEMOP) president and chief executive officer Atty. Richard Nethercott as new Corporate Chief Operations Officer (COO) of...
