Puregold Price Club Inc., one of the largest grocery retailers in the country, reported an 11 percent increase in consolidated net income for the first half of the year on the back of robust sales growth and expanding profit margins. In a regulatory filing with the Philippine Stock Exchange,...
Flag carrier Philippine Airlines (PAL) swung to a net loss in the first half of the year as escalation in Middle East geopolitical conflict pushed jet fuel expenses sharply higher, overwhelming steady top-line growth and disciplined non-fuel spending. PAL’s parent firm PAL Holdings Inc. reported...
The three branches of the Lopez family majority, comprising Crème Investment Corp., Mantes Corp., and Presta Holdings Co. Inc., announced that they will invest ₱2.2 billion in ABS-CBN Corp. as part of a total of ₱6 billion to be raised by the media company. In a statement on Wednesday, Aug....
The Sy family is set to consolidate its controlling stake in Atlas Consolidated Mining and Development Corp. by next year after SM Investments Corp. (SMIC) transfers its mining interest to Dominion Holdings Inc. SMIC is set to divest from Atlas Mining next year so it can focus more on growing the...
Century Properties Group Inc. reported a three percent decline in first-half net income to ₱1.18 billion, as rising interest expenses and income taxes offset stronger operating margins and steady top-line growth. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenue...
Members of the South Cotabato II Electric Cooperative Inc. (Socoteco) are scheduled to vote on a proposed joint venture with IGNITE Power in a monthlong plebiscite that will shape the future of the power utility serving General Santos City, Sarangani province, and parts of South Cotabato. About...
Visayas-Mindanao (VisMis) developer Cebu Landmasters Inc. (CLI) remains optimistic and is launching ₱25 billion worth of projects in the second semester despite a 20-percent drop in consolidated net income to ₱2 billion in the first half of 2026 from the ₱2.49 billion earned in the same...
Razon-led Apex Mining Co. Inc. expanded its earnings by 68 percent in the first six months of the year to more than ₱5 billion, as higher metal prices offset weaker output and increased production costs. Based on its financial report on Wednesday, Aug. 12, the net income of the listed mining firm...
JG Summit Holdings Inc., the investment arm of the Gokongwei family, reported a 37 percent decline in consolidated core net income to ₱13 billion for the first half of 2026, hit by the sharp drop in Cebu Air Inc.’s earnings following the surge in jet fuel prices during the second quarter. The...
Global digital payments firm Visa and USSC Money Services, Inc. (UMSI) have launched U Accept, a payment solution that turns smartphones into point-of-sale (POS) terminals, allowing small enterprises to accept e-payments without investing in traditional, often costly, POS hardware. “UMSI has...
The Department of Trade and Industry (DTI) has partnered with Converge ICT Solutions Inc. to launch the country’s first artificial intelligence (AI) training hub aimed at helping micro, small, and medium enterprises (MSMEs) and emerging startups grow in an increasingly digital environment....
As property development evolves, projects are increasingly valued not only for what they add to the built environment but also for how they support business growth and resilience. This broader approach is reflected in Ayala Land, Inc.’s (ALI) inclusion in the 2026 S&P Global Sustainability...
