The Board of Investments (BOI) has certified ₱351.02 billion worth of investments under its green lane program in the first half of the year, as investors seek expedited permit processing to speed up project execution. In a statement, the BOI said the approved investments cover 17 projects that...
The Sy family’s flagship SM Investments Corp. (SMIC) has completed the sale of its prime lot near Malacañan in Manila to its property development arm, SM Prime Holdings Inc. (SM Prime), as part of efforts to consolidate property assets under the subsidiary. In disclosures to the Philippine Stock...
The country’s investment promotion agencies (IPAs) are aiming to approve at least ₱4.5-trillion worth of investments under the government’s new investment promotion framework, which seeks to incentivize innovation-driven projects. Department of Trade and Industry (DTI) Undersecretary and...
2GO Travel, the shipping and passenger transport unit of conglomerate SM Investments Corp.’s logistics arm, has introduced a direct sea route between Batangas and Cebu City to capture growing travel demand from Southern Luzon by bypassing the heavily congested hub of Manila. The weekly service,...
The government is planning to simultaneously implement its two flagship incentive programs aimed at encouraging the local production of electric vehicles (EVs) and gas-powered cars, potentially within the year. Finance Secretary Frederick Go told reporters last week that the government intends to...
Investments registered with the Board of Investments (BOI) increased by 21 percent to more than ₱460 billion in the first half of 2026, as projects in the renewable energy (RE) sector continue to dominate the country’s investment landscape. In a statement last week, the BOI said it approved...
SM Investments Corp. and its major subsidiaries clinched a combined 24 awards at the 16th Asian Excellence Awards. The parent company bagged eight distinctions from Hong Kong-based publication Corporate Governance, including the Sustainable Asia Award, Asia’s Best CSR, Best Corporate...
Sy-led SM Investments Corp. (SMIC) maintained its top-tier credit rating for its ₱7.5 billion outstanding fixed-rate bonds as robust earnings and aggressive expansion in its retail, banking, and property units shore up its financial stability. Philippine Rating Services Corp. (PhilRatings) kept...
Newly appointed United States Ambassador to the Philippines Lee Lipton pledged to elevate the Philippines-United States alliance and bring more American investments, jobs, and assistance to Filipinos as the two countries prepare to mark 80 years of diplomatic relations. Speaking at the “Freedom...
Passing the torch in a family-run enterprise is an intricate dance of preserving legacy while allowing room for disruptive innovation; it is never just about changing signatures on corporate bylaws. In the Philippines, family-controlled empires are the bedrock of the economy, and as a generation of...
The Sy family’s SM Investments Corp. (SMIC) and BDO Unibank Inc. led the seven largest Philippine public companies in the Forbes Global 2000 ranking for 2026. For the 24th year, Forbes’ Global 2000 ranked the largest public companies in the world using four metrics—sales, profits, assets, and...
The Mindanao Development Authority (MinDA) is hoping to leverage the ongoing peace initiatives in Mindanao to position the region as an investment hub for the energy and agriculture sectors. MinDA Secretary Leo Tereso Magno said Mindanao has long struggled to attract investments in high-value...
