PH Resorts Group Holdings Inc., the integrated resorts unit of Davao tycoon Dennis A. Uy’s holding company Udenna Corporation, assures the Philippine Stock Exchange that it can wipe out its negative stockholders’ equity with the conversion of shareholders’ advances to common shares. However,...
United States Ambassador to Manila MaryKay Carlson is unsurprised by plans to establish a mutual ammunition co-production factory in the former US Naval Base Subic Bay. In an interview on the sidelines of the US Independence Day celebration on Thursday, July 3, the envoy recalled the joint...
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) issued flood bulletins on Thursday, July 3, for the Pasig-Marikina-Laguna de Bay and Tullahan River basins due to light to moderate rains brought by the southwest monsoon or “habagat.” The bulletins, in...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. is open to the United States’ proposal to establish an ammunition production and storage facility in Subic Bay, a former American naval base. Teodoro, however, clarified that he has yet to receive the formal proposal from...
Razon-led East Zone concessionaire Manila Water Co. is wrapping up a vital water infrastructure project to provide an additional sustainable water supply to parts of Pasig, Pateros, and Taguig. In a statement on Tuesday, June 17, Manila Water reported that its raw water intake structure for the...
As interest in travel continues to rise across the globe, tourism stands as one of the fastest-growing industries. In the Philippines, for instance, tourism continues to be a key driver of economic development. With the Department of Tourism seeing record-breaking arrivals in 2025, plus...
Zamora-led mining firm Nickel Asia Corp. (NAC) reported a 148 percent increase in its attributable net income to ₱501.03 million in the first quarter of 2025, from ₱202.38 million in the previous year, driven by the sale of its minority stake in a nickel processing operator in Palawan. In a...
Davao tycoon Dennis A. Uy’s PH Resorts Group Holdings Inc. is relying on potential partnerships with EEI Corporation and AppleOne Group of Cebu to pay off debts, including that of its Bohol resort, and buy back land for its Mactan casino project. In a disclosure to the Philippine Stock Exchange,...
Signing ceremony at the SBMA Corporate Boardroom on March 20, 2025. From left to right: Olongapo City Mayor Rolen Paulino Jr., SBMA Chairman and Administrator Eduardo Jose L. Aliño, Subicwater Chairman Apollo C. Tiglao, and Subicwater CEO Benjamin E. Antonio III Subic Water and...
The Bureau of Customs (BOC), the country's second-largest revenue collection agency, has entered into an agreement with the Subic Bay Metropolitan Authority (SBMA), granting it rent-free use of facilities within the Subic Bay Freeport Zone for the next 25 years. In a statement released Friday,...
Sands Residences, Roxas Boulevard, Manila (Artist’s perspective) Homebuyers are now a step closer to experiencing bayside living with the completion of the structural building of SM Development Corporation’s Sands Residences. In the photo from left: William Que, CEO and president, Moondragon...
Grande Island and Chiquita Island in Subic Bay (Courtesy of Google Earth) Two islands in Subic Bay are being considered as military reservations by the national government, according to the Philippine Navy (PN). Portions of the Grande Island and Chiquita Island, located at the southern entrance of...
