With contributions from e-wallet giant GCash serving as a steady earnings driver, Globe Telecom Inc. is eyeing another strategic asset to power its long-term growth trajectory: data centers. Asked if the company sees another asset following the initial public offering (IPO) route, Globe Chief...
The country’s electronics sector is pushing for reforms to position the Pax Silica artificial intelligence (AI) industrial hub in New Clark City as a launchpad to strengthen its role in the global supply chain for emerging technologies. In a position paper, the Semiconductor and Electronics...
SM Prime Holdings Inc. (SM Prime), one of the largest integrated property developers in Southeast Asia, maintained its first-half 2026 earnings at ₱24.5 billion, a record set in the same period last year, as El Niño and high fuel costs drove consumers to its malls. In a media briefing on Monday,...
AREIT Inc., the real estate investment trust sponsored by Ayala Land Inc., agreed to acquire three hotels and four shopping malls from its parent developer in a transaction valued at ₱19.95 billion. In a disclosure to the Philippine Stock Exchange, AREIT said the property injection consists of a...
Razon-led Manila Water Co. is now the sole owner of the Wawa Dam in Rizal after acquiring the remaining stake in WawaJVCo, Inc., allowing the company to boost supply operations across its distribution network. In a disclosure to the Philippine Stock Exchange on Monday, Aug. 10, Manila Water...
Goldilocks is marking its 60th anniversary with a new addition to its Luscious cake lineup, the Luscious Gooey Choco, a two-layer chocolate chiffon cake created for birthdays and other celebrations. The cake is filled and iced with creamy milk chocolate fudge frosting, then finished with light...
Megawide Construction Corp. reported that its property arm, PH1 World Developers Inc. (PH1), generated ₱3.15 billion in booked sales in the first six months of 2026, more than double the ₱1.38 billion recorded in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
Tycoon Ramon S. Ang has acquired a 25.68 percent stake in Lopez Inc., the holding company of the storied Lopez family, buying out the shareholding of former ABS-CBN Corp. Chairman Eugenio “Gabby” Lopez III in one of the country’s biggest corporate shifts in recent years. The transaction was...
US Ambassador to the Philippines Lee Lipton said Delta Air Lines’ planned nonstop service between Manila and Los Angeles is a sign of the strong partnership between the Philippines and the United States. “I’m so excited that Delta Airlines is starting nonstop flights between Manila and Los...
Del Rosario-led Phinma Corp. posted a turnaround in the first half of 2026, with a consolidated net income of ₱363.35 million and an attributable net income of ₱20.11 million from losses of ₱226.92 million and ₱455.06 million, respectively, in the same period last year. In a disclosure to...
The Sy family has gained control over Atlas Consolidated Mining and Development Corp. from the Ramos family after raising its stake to 54.48 percent through the acquisition of a 20.43-percent interest by Dominion Holdings Inc. (DHI) from Anglo Philippine Holdings Corp. (APO). In a disclosure to the...
The continued expansion of digital infrastructure for artificial intelligence (AI) is on track to push the country’s electronic exports past the $50-billion mark and set a new all-time high this year, according to the Semiconductor and Electronics Industries in the Philippines Foundation Inc....
