BDO Unibank Inc., the country’s largest lender by assets, reported a two percent increase in first-quarter net income as double-digit loan growth across all market segments offset a decision to bolster its rainy-day reserves. Net income for the Sy family-led bank rose to ₱20.1 billion in the...
In the duel between two proud schools, it was Hope Christian High School which displayed remarkable grit and poise down the stretch to emerge victorious over Xavier School – not once but twice. First to draw blood was Al-Cars-Hope’s 30-39 years squad which rode the red-hot shooting of Jobert...
First Gen Corp., the renewable energy company controlled by the Lopez family, expanded its footprint in the Philippine retail electricity market after securing new supply agreements with Ayala-led Globe Telecom Inc. Under the terms of the agreement finalized in April 2026, First Gen will supply...
A can of tuna, something quick, something easy, often part of a routine that does not get much thought. But for Century Tuna, that everyday staple has long been tied to something bigger. This year, the brand marks 20 years of its Superbods program by shifting the conversation. What began as a...
Real estate giant Ayala Land Inc. (ALI) is choosing to hunker down and easing its aggression in the face of additional challenges posed by the conflict in Iran, even as it has yet to recover from the adverse impact of a middle-income condominium oversupply after the loss of the Philippine offshore...
MREIT Inc. (MREIT), the real estate investment trust (REIT) company of tycoon Andrew Tan-led top township developer Megaworld Corp., reported that it delivered its strongest quarterly performance to date due to the contribution of the recently completed Wave 4 acquisition combined with sharper...
Philippine motorcycle sales maintained an upward trajectory in the first quarter, rising 11 percent as expensive petroleum prices and high borrowing costs pushed consumers toward more economical transport alternatives. Data from the Federation of Asian Motorcycle Industries (FAMI) showed that the...
The majority shareholders of the Lopez family have petitioned the Securities and Exchange Commission (PSE) and the Philippine Stock Exchange (PSE) to investigate First Gen Corp. over alleged disclosure violations involving “poison pill” provisions in agreements with Prime Infrastructure...
Tiger Resort, Leisure and Entertainment Inc. (TRLEI), the owner of Okada Manila integrated casino resort, registered a 53- percent drop in earnings before interest, taxes, depreciation, and amortization (EBITDA) during the first quarter—signaling that the local casino business is still far from a...
CLI Hotels and Resorts, the hospitality arm of Visayas-Mindanao (VisMin) developer Cebu Landmasters Inc. (CLI), has finally opened the long-delayed Radisson RED Cebu Mandaue, the first Radisson RED in the Philippines. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, April 22,...
ZHUHAI, China — Gree Electric Appliances Inc. of Zhuhai (Gree) is aiming to carve out a larger share of the air conditioning market in the Philippines, backed by improved stock management and innovative new products. William Zhao, regional general manager for Gree’s Asia and Oceania unit, said...
Emperador Inc., the spirits unit of the Alliance Global Group Inc., is tightening its belt on capital spending for second consecutive year even as it anticipates recovery in earnings performance. The company told stock analysts that the brandy and whisky giant slashed its capital expenditure budget...
