Century Properties Group Inc. (CPG) reported a six-percent dip in net income to ₱446 million in the first quarter of 2026 from ₱473 million in the comparable period last year due to higher interest expenses and taxes, as well as lower revenues. In a disclosure to the Philippine Stock Exchange...
Gaisano-led Metro Retail Stores Group, Inc. (MRSGI) is planning to open a total of 14 Generika Drugstores within its Metro Retail stores as part of its strategy of boosting revenues through synergies with partners. In the first quarter this year, the firm said it launched the pilot rollout of...
Cebu-based listed firm Top Line Business Development Corp. (TOP) is aggressively ramping up its logistics and distribution footprint after its board of directors approved a major fuel storage lease agreement. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, May 18, the company...
Seven multilateral development banks (MDBs), including the Manila-based Asian Development Bank and the World Bank Group (WBG), pledged coordinated support measures to help countries manage the economic fallout from the ongoing conflict in the Middle East. In a joint statement released in Paris,...
More than a decade after the World Bank approved financing for the Cebu Bus Rapid Transit (BRT) Project, the flagship urban transport initiative remains far from achieving its original objectives, with only a short section of the corridor substantially completed before the loan expires in...
Fourteen-year-old Lilith Rufino further strengthened her reputation as one of the country’s most promising young tennis talents after capturing two singles titles, while Miguel Lagac III sustained his impressive form in the Mayor Najie Gapangada Juniors Age-Group Tennis Championships at the 7...
The Jollibee Group has received the 3G Excellence in Sustainability Reporting Award 2026, marking the second consecutive year that the company has been recognized for its sustainability reporting efforts. Presented by Cambridge International Finance Advisory (Cambridge IFA), the 3G Awards...
Another high-ranking leader of a hacking syndicate that targeted wealthy individuals, including BTS member Jungkook , has been extradited from Thailand to South Korea, authorities said Tuesday. South Korea’s Ministry of Justice announced that, in cooperation with the National Police Agency, it...
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has once again been recognized as the largest cloud Infrastructure-as-a-Service (IaaS) provider by revenue in Asia Pacific , with its regional market share increasing to 22.5% in 2025, up from 20.8% in 2024. The...
LT Group Inc., the diversified holding company of taipan Lucio Tan, reported a three percent increase in first-quarter profit as growth in its banking and tobacco units offset the slowdown in its beverage segment. In a filing to the Philippine Stock Exchange, the firm said that its attributable net...
International Finance Corp. (IFC) has approved its planned investments in two private equity (PE) funds that are eyeing investments in the Philippines and the broader Southeast Asian region. In disclosures last May 7 and April 24, respectively, the World Bank Group’s (WBG) private-sector lending...
The World Bank has canceled part of the loans for the Cebu Bus Rapid Transit (BRT) while as project scope was pared down with only five months left before its financing closes. A May 8 restructuring paper seen by Manila Bulletin showed that the Washington-based multilateral lender, effective Jan....
