Tanco-led STI Education Systems Holdings Inc. (STI Holdings) expects enrollments to continue to slide amid the multiple impacts of the ongoing Middle East conflict on the Philippine economy. “Enrollments have been slowing down. This slowdown could persist especially with this conflict because of...
On this three-day trading week, the local stock market is seen to remain bearish due to the impact of the Middle East conflict on inflation and supply, while investors are also expected to hold on to cash heading into the long Lenten break amid these uncertainties. “The local market is still...
The China-led Asian Infrastructure Investment Bank (AIIB) has greenlit a $300-million loan supporting capital expenditures (capex) for the improvement and expansion of three local ports operated by tycoon Enrique K. Razon Jr. ’s International Container Terminal Services Inc. (ICTSI). The latest...
ABS-CBN Corp. moved to insulate itself from the legal rift within its controlling shareholder family, denying allegations of financial mismanagement that have surfaced in a Mandaluyong City courtroom. In a statement on Saturday, March 28, the media group’s board of directors said that claims...
A new president will take the helm of Honda Cars Philippines, Inc. (HCPI) beginning April 1, 2026. Hidekazu Arai has been appointed to lead HCPI. He will replace Ms. Rie Miyake who will assume a new post in Honda Motor Co., Ltd. Arai brings nearly two decades of global leadership experience to...
Please see below Notice of the Annual Stockholders’ Meeting of SM Prime Holdings, Inc. Please be advised that SM PRIME HOLDINGS, INC. will be holding its Annual Stockholders’ Meeting on April 28, 2026 (Tuesday), 2:30 p.m. at Saffron Grand Ballroom, Lanson Place Mall of Asia Manila, Block 12,...
Robinsons Land Corp. (RLC), the property arm of JG Summit Holdings Inc., has transitioned 15 of its office buildings in Metro Manila to 100 percent renewable energy as it accelerates a portfolio-wide push toward environmental sustainability and long-term asset value. The transition, which...
The Philippines’ goods trade with the rest of the world grew faster in February, ahead of the conflict in the Middle East posing a threat to the country’s exports. The latest preliminary Philippine Statistics Authority (PSA) data on Friday, March 27, showed that total external trade rose 10.7...
Robinsons Retail Holdings Inc. (RRHI), the retail arm of the Gokongwei family’s business empire, is seeking to voluntarily delist from the Philippine Stock Exchange (PSE) following the proposed ₱18.37 billion tender offer by its controlling shareholder. In a disclosure to the PSE, the firm...
Alsons Consolidated Resources Inc., the publicly listed power arm of the Alcantara Group, reported a slight decline in full-year net income for last year as the company’s push into renewable energy was tempered by impairment losses from its fossil-fueled power plants. In a statement, the energy...
Mary Grace Foods Inc., the local bakery chain that expanded from a 1990s bazaar kiosk into a 140-store domestic powerhouse, is making its first foray into international markets with a debut branch in Singapore. In a briefing, Mary Grace Dimacali, Mary Grace Foods president and chief executive...
Business groups expect the full implementation of the law suspending or reducing excise taxes on petroleum products to cushion the impact of rising prices on the operations of businesses across the country. In a statement, the Philippine Exporters Confederation Inc. (Philexport) said it welcomes...
