Ayala-led Bank of the Philippine Islands (BPI) continues to consolidate its businesses, this time with the planned merger of BPI Direct BanKo Inc., A Savings Bank (BanKo) and Legazpi Savings Bank Inc. (LSB), with BanKo as the surviving entity. In a disclosure to the Philippine Stock Exchange (PSE),...
ABS-CBN Corp. signed a licensing agreement with billionaire Manuel Villar Jr.’s Advanced Media Broadcasting System Inc. to air the Kapamilya Channel on the ALLTV Network starting Jan. 2, 2026. The media company controlled by the Lopez family disclosed the deal to the Philippine Stock Exchange on...
Rockwell Land Corp., the upscale property arm of the Lopez Group, is in talks with the Madrigal family to redevelop the Alabang Town Center site in Muntinlupa City following Ayala Land Inc.’s exit from the landmark shopping mall. In a brief disclosure to the Philippine Stock Exchange on...
Ty-led GT Capital Holdings Inc. units are exiting a long-standing real estate joint venture, selling their combined 52 percent stake in Crown Central Properties Corp. to partner Crown Equities Inc. (CEI) for ₱73.48 million. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday,...
Ayala Corp. secured three top honors at the recent Asia Corporate Excellence & Sustainability (ACES) Awards, achieving a rare sweep of every category in which it was nominated. The Zobel-led conglomerate was recognized as one of Asia’s Most Influential Companies, Top Community Centric Companies,...
The Maharlika Investment Corp. (MIC) is planning to acquire up to 11.2 percent of Asian Terminals Inc. (ATI), the port operator controlled by Eusebio Tanco, for about ₱8 billion, a move intended to lead to the delisting of the company from the Philippine Stock Exchange (PSE). In a disclosure to...
Ayala Land, Inc. (ALI) has agreed to sell its 50 percent stake in Alabang Commercial Center Corp. (ACCC), the entity that owns and operates the prominent Alabang Town Center mall in Muntinlupa City, back to the Madrigal family for ₱13.5 billion. The real estate giant announced in a disclosure to...
The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) unveiled an action plan to intensify economic cooperation between Manila and Beijing, specifically targeting a significant boost to Philippine exports and tourism. The move follows a directive from President...
Water consumers must prepare to pay higher monthly water bills starting January next year, as both East and West zone concessionaires implement an approved round of tariff adjustments. The Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS-RO) said residents should brace for a...
Razon-led International Container Terminal Services Inc. (ICTSI) is investing about ₱10.34 billion to expand and modernize the operations of the ICTSI Rio Brasil Terminal at the Port of Rio de Janeiro. Minister of Ports and Airports Silvio Costa Filho announced the new private investment, which...
Local stock market investors will test whether the main index can stay above the 6,000 level, buoyed by positive sentiment from the United States Federal Reserve (US Fed) and Bangko Sentral ng Pilipinas (BSP) rate cuts, but will also take cues from upcoming US economic data, including inflation and...
ILOILO CITY – A conglomerate of the Razon group’s power distribution services in the Visayas has strengthened its partnership with a South Korean firm. This was after Primelectric Holdings Inc. led by President and CEO Roel Castro conducted a key technical tour of the facilities of Taeyoung...
