Investment pledges approved by the Philippine Economic Zone Authority (PEZA) surged by 74 percent in the first eight months of the year, keeping the agency on track to hit its target of ₱300 billion worth of investments. The investment promotion agency said it cleared ₱216.46 billion in...
AVAO CITY – The Board of Investments (BOI) is positioning Mindanao as a strategic hub for the country’s AI-driven industrialization, citing the region’s potential in manufacturing, agribusiness, renewable energy, logistics, critical minerals, digital services, and halal industries. BOI...
The Board of Investments (BOI) granted green lane status to nearly ₱392 billion worth of investments in the seven months through July, enabling them to benefit from expedited processing of permits. Data from the BOI showed that 22 projects worth a combined ₱391.84 billion were certified under...
American businesses operating in the Philippines are pushing the government to implement key reforms to strengthen the overall business climate and encourage more investment in the country. In a position paper presented to government officials last week, the US-ASEAN Business Council (USABC) said...
SM Investments Corp. (SMIC), the country 's largest conglomerate by market value, and its shopping mall unit secured 12 Stevie Awards at the 2026 International Business Awards. The parent company captured four awards, highlighted by Gold Stevies in the Conglomerates (Large) and Best Annual...
Executive Secretary Ralph Recto urged American companies to expand their investments in the Philippines while creating jobs, developing Filipino talent, and contributing to shared prosperity between the two countries. Speaking to American business leaders at the Welcome Reception for the 2026...
Despite the continued row in the West Philippine Sea, President Marcos said the Philippines is not distancing itself from China. In an interview at the Foreign Correspondents Association of the Philippines (FOCAP) Presidential Luncheon in Manila on Friday, Aug. 14, Marcos clarified that Manila...
The Sy family is set to consolidate its controlling stake in Atlas Consolidated Mining and Development Corp. by next year after SM Investments Corp. (SMIC) transfers its mining interest to Dominion Holdings Inc. SMIC is set to divest from Atlas Mining next year so it can focus more on growing the...
The Sy family’s flagship conglomerate, SM Investments Corp. (SMIC), remains upbeat about its prospects for the second half of 2026 after posting higher earnings across all its business segments in the first semester, despite a challenging economic environment. “We remain positive about the...
The Sy family has gained control over Atlas Consolidated Mining and Development Corp. from the Ramos family after raising its stake to 54.48 percent through the acquisition of a 20.43-percent interest by Dominion Holdings Inc. (DHI) from Anglo Philippine Holdings Corp. (APO). In a disclosure to the...
Critics of corporate sustainability often assume it means taking on increased costs and compliance requirements—usually driven by heavy-handed regulation or high-minded altruism—that businesses would rather avoid. Sustainability is often framed as a choice between creating business value or...
The Philippines is set to position itself as a regional manufacturing hub for electric mobility following the establishment of a program incentivizing domestic electric vehicle (EV) production, according to the Department of Trade and Industry (DTI). Trade Secretary Cristina Roque said Executive...
