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...
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...
EDITORS DESK It 's always refreshing to see sports stories stealing the banners on the majority of newspapers, more so a Filipina with every ounce of grit and all the beauty in the world on a Wednesday morning. Alex Eala delivered a sensational performance and won her first WTA Tour title...
The Office of the Ombudsman (OMB) has sought to overturn the Sandiganbayan’s grant of bail to former senator Ramon “Bong” Revilla Jr., urging the anti-graft court to partially reconsider its July 31 resolution and deny his petition for provisional liberty. On July 31, the Sandiganbayan Third...
Ports and infrastructure trillionaire Enrique K. Razon Jr. topped the 2026 Forbes list of the Philippines’ 50 Richest for the first time, overtaking the Sy siblings even as the combined wealth of the country’s tycoons fell by eight percent to $79 billion from $86 billion a year ago. The...
San Miguel Food and Beverage, Inc. (SMFB), a core subsidiary of diversified conglomerate San Miguel Corporation, reported that its consolidated net income eased four percent to ₱22.1 billion in the first half of the year, as inflation, slower economic growth, and geopolitical disruptions weighed...
LINGAYEN, Pangasinan – Gov. Ramon V. Guico III suspended classes in schools and work in government offices in Pangasinan on Tuesday, Aug. 4, due to tropical cyclone ‘’Luis’’ and the southwest monsoon or ‘’habagat.’’ Guico, in Executive Order No. 71, Series of 2026, signed Monday,...
Diversified conglomerate San Miguel Corp. (SMC) listed ₱30 billion worth of preferred shares on the Philippine Stock Exchange (PSE) on Monday, Aug. 3, following a successful follow-on offering (FOO). PSE President and Chief Executive Officer (CEO) Ramon S. Monzon commended SMC for its successful...
Diversified conglomerate San Miguel Corp. (SMC) has retained the highest PRS Aaa issue credit rating, with a stable outlook, from Philippine Rating Services Corp. (PhilRatings) for its outstanding bonds totaling ₱139.2 billion. Obligations rated PRS Aaa are of the highest quality with minimal...
The Philippine Stock Exchange (PSE) is executing its biggest overhaul of index rules in more than a decade, cutting the public float requirement for giant companies and tightening liquidity tests to make its benchmarks more reflective of market activity. The exchange said it is revising its PSE...
International Container Terminal Services Inc. (ICTSI) has become the first company listed on the Philippine Stock Exchange (PSE) to surpass a market capitalization (MCAP) of ₱2 trillion, underscoring sustained investor confidence in the port operator’s global expansion. In a statement on...
The Philippine Stock Exchange (PSE) is pushing back against the securities regulator’s decision to open the door to cryptocurrency trading, warning that the move risks siphoning individual investors away from traditional equities and undermining capital market development. The critique follows...
