Lucio Co-led Philippine Bank of Communications (PBCom) named veteran financial executive John Cary L. Ong as its president and chief executive officer-designate, weeks after his departure from Security Bank Corp. Ong will formally assume the top executive roles following a minimum three-month...
Shakey’s Pizza Asia Ventures, Inc. (SPAVI), the Po family’s restaurant and kiosk operator, is not letting a good crisis go to waste as the company is treating the current environment as a stress test to streamline operations—including closing underperforming stores—to prepare for growth...
Megaworld Corp., one of the largest township developers in the country, is optimizing its capital expenditures and pacing new residential launches for the year, adopting a calibrated strategy to maintain agility and resilience amid shifting macroeconomic environment. Kevin L. Tan, Megaworld...
Top township developer Megaworld Corp. generated ₱28 billion in revenue from lot sales in its horizontal residential developments, capitalizing on the wave of domestic demand for gated communities outside traditional high-rise condominiums. In a statement, Megaworld reported that the revenue...
China Bank Savings Inc., the thrift retail banking arm of Sy-led China Banking Corp., plans to push forward with its brick-and-mortar expansion, leaning on wider consumer margins to buffer against persistent inflation and elevated global interest rates. James Christian Dee, CBS president, said the...
Tourism remains an important driver of growth for many communities across the Philippines, creating demand not only for attractions and experiences but also for accommodations that can support a growing number of travelers. As destinations continue to evolve, Megaworld Corporation is expanding its...
As hotter days and less predictable weather shape everyday routines, Filipino homebuyers are placing greater value on shade, open space, and communities designed for everyday ease. Hotter days are changing small everyday decisions. Errands are done earlier, air-conditioners run longer, and families...
The government fully awarded its ₱40 billion offering of Treasury bills on Monday, as investors demanded higher yields amid mounting domestic inflation concerns and weakening currency. The Bureau of the Treasury raised the entire ₱40 billion on offer at its June 1 auction, staging a full...
The Philippine Stock Exchange (PSE) intends to keep Chairman Jose T. Pardo on its board of directors, no longer as an independent director but as a non-broker director representing other market participants, when it holds its board elections during its annual stockholders’ meeting (ASM) on July...
West zone concessionaire Maynilad Water Services Inc. has begun partially operating its new raw water reservoir at La Mesa water treatment plant (WTP) in Quezon City, allowing the facility to store up to 67 million liters of raw water to help stabilize supply during the dry season. In a statement...
Domestic lenders sought higher yields due to political uncertainty, such that the government fell short of its planned up to ₱33-billion borrowing from short-dated debt paper on Monday, May 18. The Bureau of the Treasury (BTr) raised just ₱25.4 billion during its latest treasury bills...
For France, food has long been more than cuisine. It is identity, ritual, diplomacy, and soft power all at once. This month, the Embassy of France to the Philippines and Micronesia once again brought that philosophy to Manila through “Goût de France” (Taste of France), the annual gastronomic...
