PHirst Park Homes, Century Properties Group’s (CPG) housing unit, is eyeing several key cities in Mindanao, starting with a ₱5.3-billion project in General Santos City, as it ramps up its nationwide expansion. PHirst Park Homes Gen San will be located in Brgy. Baluan, conveniently accessible...
The Philippine Competition Commission (PCC) has cleared the proposed acquisition by Aramco Asia Singapore Pte. Ltd. of a 25 percent interest each in Unioil Petroleum Philippines, Inc. and Unioil Energy Pte. Ltd. a move that is poised to enhance competition in the country’s petroleum market.
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Urging full transparency and greater investment in education and human capital, an advocacy group on Saturday, August 23, called on lawmakers to prioritize Filipinos over infrastructure as they tackle the 2026 budget. “We must allocate our resources where they matter most, because every peso...
Sumitomo Mitsui Financial Group Inc. (SMFG), through Sumitomo Mitsui Finance and Leasing Co. Ltd. (SMFL) is acquiring a 30-percent equity stake in RCBC Leasing and Finance Corp. (RLFC) of Yuchengco-led Rizal Commercial Banking Corp. (RCBC). In a disclosure to the Philippine Stock Exchange (PSE),...
Malacañang has issued an administrative order reorganizing the composition of the Economy and Development Council (formerly known as the NEDA Board) and its committees to strengthen government coordination in implementing socioeconomic policies and programs. Administrative Order No. 37, signed by...
Tantoco-led retailer SSI Group, Inc. reported a 37.8 percent drop in net income for the first half of 2025 to ₱451.8 million from ₱726.3 million in the same period last year due to weaker consumer demand for mid to upscale goods. The company generated sales of ₱13.4 billion in January to...
Real estate giant Ayala Land Inc. (ALI) will be raising ₱10 billion this month from a multilateral sustainability-linked loan as part of the ₱50 billion in funds it will be securing in the second half of the year. In an interview, ALI Chief Finance Officer (CFO) Augusto Bengzon said that ₱30...
In a heartfelt celebration of enduring partnerships that help empower four decades of trusted service, the Palawan Group of Companies hosted its highly anticipated Partners’ Night on Aug. 5 and 6, 2025, at the Blue Leaf Cosmopolitan in Bridgetown, Quezon City. The two-day gathering brought...
Davao tycoon Dennis A. Uy’s PH Resorts Group Holdings Inc. (PHR) has already written-off its investments in its shelved Emerald Bay integrated casino-resort project in Mactan, which led to a ₱6.75-billion net loss for the first half of 2025. The firm informed the Philippine Stock Exchange (PSE)...
Metro Retail Stores Group Inc. (MRSGI), a supermarket and department store chain controlled by the Gaisanos of Cebu, reported a 45.7-percent jump in net income to ₱146.3 million in the first half of the year. The company said its strong performance was particularly driven by its second-quarter...
Another loan from the World Bank is forthcoming for the Philippines, this time to finance the country’s fight against epidemics by strengthening both human and animal health systems to improve pandemic preparedness. According to a Aug. 12 concept environmental and social review summary...
Alliance Global Group Inc. (AGI), the conglomerate led by tycoon Dr. Andrew L. Tan, reported a 39-percent jump in net income to ₱19.2 billion in the first half of the year, driven largely by the increasing contribution from its real estate business and tourism-related segments, on the back of...
