Stock investors are expected to take cues from the release of a slew of data this week, which includes the Philippines’ budget and trade balance numbers as well as US gross domestic product and jobless claims. Rizal Commercial Banking Corporation Chief Economist Michael L. Ricafort said upcoming...
Two Oriental Mindoro congressmen have pushed measures to stop the entry of companies that may be contracted to conduct large-scale mining in Mindoro. Rep. Arnan C. Panaligan of the first district said he will refile House Bill 3891 that he introduced in 2022 declaring the entire Mindoro Island as...
Tycoon Andrew Tan’s township developer Megaworld Corporation reported a 16 percent growth in net income to ₱5.83 billion in the first quarter of the year as its growing focus on the provinces helped the performance of all of its core businesses. In a disclosure to the Philippine Stock Exchange,...
MREIT, Inc. Chief Operating Officer Arnie Batac, Megaworld Corporation President Lourdes Gutierrez-Alfonso, JLL Managing Director for Thailand, Vietnam, Indonesia, and the Philippines Michael Glancy, and JLL Country Head of the Philippines Joey Radovan were in attendance at the signing ceremony,...
Century Pacific Foods Inc. (CNPF), one of the leading food companies in the Philippines, reported growth for all its product lines, except for tuna exports, as easing inflation boosts consumer confidence. According to Unicapital Securities Research Analyst Jeri R. Alfonso, the company shared a...
Leading the partnership signing are (from left) Arnie Batac, chief operating officer, MREIT Inc.; Lourdes Gutierrez-Alfonso, president, Megaworld Corp.; Joey Radovan, country head, JLL Philippines; and Michael Glancy, JLL managing director for Thailand, Vietnam, Indonesia, and the...
Andrew Tan-led township developer Megaworld Corp. is investing ₱30 billion over the next five years to further ramp up its office portfolio by building new office buildings. In a disclosure to the Philippine Stock Exchange, the firm said part of the five-year budget will also be used to...
The stock market is seen to remain volatile amid uncertainty caused by US President Donald Trump’s tariff policies, as their impact may affect policy moves by the Federal Reserve. The Fed unanimously voted to keep rates unchanged at 4.5 percent for the second straight meeting of 2025,...
ACMobility Chief Executive Officer Jaime Alfonso Zobel de Ayala While the domestic automotive industry is still dominated by Japanese giants Toyota and Mitsubishi, Ayala Corp.’s ACMobility has been slowly gaining a bigger slice of the pie thanks to its Kia and BYD electric vehicle (EV)...
From left, Ayala Managing Director Mark Robert H. Uy, Managing Director Mariana Beatriz E. Zobel de Ayala, Executive Director Jaime Alfonso E. Zobel de Ayala, and Executive Director Jaime Z. Urquijo The next generation of Zobels is stepping up the Ayala Group’s corporate ladder to take on bigger...
Amid declining casino revenues, Razon-led Bloomberry Resort Corp., owner and operator of the two Solaire and the Jeju Sun integrated resorts, is rolling its dice in the online gaming table. Sharing its online gaming plan with stock analysts, Bloomberry said it will fully launch its online gaming...
Jaime Zobel Urquijo (left) and Jaime Alfonso Zobel de Ayala (right), the two young faces of Ayala Group's future. Amid unprecedented volatility and change, the country's oldest conglomerate, with two young Jaimes, has vowed to double down on its consumer commitment, integrating its diverse...
