Mayon Volcano remains under Alert Level 3 despite a series of pyroclastic density currents (PDCs), as overall monitoring parameters have not shown any significant change, the Philippine Institute of Volcanology and Seismology (Phivolcs) said on Sunday, May 3. Volcano Monitoring and Eruption...
Property giant Ayala Land Inc. slashed its capital expenditure budget for the year as geopolitical volatility in the Middle East forces the recalibration of its growth strategy. In an analysts’ briefing for its first quarter performance, ALI President and CEO Anna Ma. Margarita Bautista-Dy said...
Real estate giant Ayala Land Inc. reported a 22 percent decline in first-quarter net income as slump in residential sales offset the steady expansion of its malls and hotels. In a disclosure to the Philippine Stock Exchange on Thursday, April 30, the firm said its net income fell to ₱5.4 billion...
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...
Real estate giant Ayala Land Inc. (ALI) is choosing to hunker down and easing its aggression in the face of additional challenges posed by the conflict in Iran, even as it has yet to recover from the adverse impact of a middle-income condominium oversupply after the loss of the Philippine offshore...
Special Envoy to the United Arab Emirates Ma. Anna Kathryna Yu-Pimentel on Wednesday, April 15 welcomed the opening of the Manila office of Dubai International Chamber, describing it as a clear result of strengthened diplomatic and economic engagement between the Philippines and the United Arab...
Despite heightened uncertainty due to the war in the Middle East, Concepcion-led food and beverage firm RFM Corp. still hopes to beat its 2025 performance, albeit at muted levels. “Given the number of moving variables affecting both consumer demand and production costs, we shall be conservative...
Long before economic cooperation and formal agreements, the relationship between the Philippines and Bangladesh was shaped by early recognition and shared histories of independence. In 1971, the Philippines became the first ASEAN country to recognize Bangladesh’s sovereignty—an early gesture...
Semirara Mining and Power Corp. warned that any disruption to its operations on Semirara Island would jeopardize 38 percent of the Philippines’ baseload power supply, potentially triggering surge in electricity costs and broader inflationary pressure. Ma. Cristina C. Gotianun told reporters that...
Senate President Pro Tempore Panfilo "Ping" Lacson wants to give credit where credit is due. Lacson has hailed Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro for working out the safe passage of Philippine-flagged vessels, energy shipments, and Filipino seafarers through the Strait...
Real estate giant Ayala Land Inc. (ALI) is beefing up its share buyback program with a fresh ₱10-billion budget after nearly depleting the ₱26 billion it allotted in 2020 for buying its own shares. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, March 31, ALI said its...
Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro will seek talks with Iran 's top diplomat in Manila to ensure safe passage of tankers bringing oil bound for the Philippines as the country races against time to secure enough fuel before looming global shortage. Presidential...
