SteelAsia Manufacturing Corp. said it has solidified its position as a leading global steel supplier with the shipment of the Philippines' largest steel export to date. In a statement, Benjamin Yao, SteelAsia chairman and chief executive officer, said that the company has shipped 32,000 metric tons...
Senator Loren Legarda has filed a bill seeking to recognize and reward the loyalty of long-term PhilHealth contributors. In filing Senate Bill (SB) No.2964, Legarda aims to address long-standing grievances about inequities in the national health insurance system. Legarda's proposed measure...
The onset of economic reforms and foreign investment in the 1980s spurred commercial and residential property development in the country, marked by increased competition and diversification of the property sector. Single-use property developments have evolved to mix-use properties since the 1990s...
2024 proved to a be a one for the books for Isuzu Philippines Corporation (IPC) as the company marked several milestones during the year. With the close of 2024, Isuzu maintains it position as the No. 1 truck brand in the Philippines for 25 consecutive years. In the past year, IPC sold a total of...
Sustained robust performance of the electronic games sector drove the Philippine Amusement and Gaming Corporation’s (Pagcor) net income by more than double its earnings in 2023. Pagcor announced on Thursday, Jan. 30, that its net income more than doubled (146 percent) from P6.81 billion in...
The group of lenders led by the Bankers Association of the Philippines (BAP) is selling a smaller stake in Philippine Dealing System Holdings Corporation (PDSHC) to the Philippine Stock Exchange than the amount earlier targeted. In a disclosure, the PSE said that it has entered into a Share...
Top Line Business Development Corporation, a Cebu-based fuel retailer planning an initial public offering, reported a record high net income of P90.5 million in the first nine months of 2024, a 157 percent surge from P35.2 million for the same period in 2023. In a statement, the firm said its...
While there have been potential foreign institutions interested to invest in the country's first sovereign wealth fund, it has yet to secure any investment from President Marcos' foreign trips. MIC President Rafael Consing Jr. (RTVM) "Wala pa (Nothing so far)," Maharlika Investment Corporation...
Some senators on Tuesday, Jan. 28, have expressed support for Maharlika Investment Corporation's (MIC) bid for a 20-percent stake in the National Grid Corporation of the Philippines (NGCP). MAIDEN INVESTMENT — President Ferdinand 'Bongbong' Marcos Jr. with Maharlika Investment Corp. (MIC)...
Dividends from the Maharlika Investment Corporation (MIC) will not offer relief for the recapitalization of the Land Bank of the Philippines (Landbank) and the Development Bank of the Philippines (DBP), the head of the sovereign wealth fund stated. During a Jan. 28 press conference,...
Synergy Grid and Development Philippines Inc. (SGP) has accepted a binding offer from the state-run Maharlika Investment Corporation (MIC) for a 20-percent stake to secure a foothold in the National Grid Corporation of the Philippines (NGCP), Malacañang said. MAIDEN INVESTMENT — President...
(Unsplash) The National Transmission Corporation (Transco) has acknowledged before congressmen its backlogs in right-of-way (ROW) cases, including projects that go beyond their existence, as well as those that are related to the operation of...
