Tollway operator Metro Pacific Tollways Corp. (MPTC) is raising as much as ₱20 billion from its maiden issuance of bonds to provide additional funding for the ongoing construction of several major projects. MPTC, a subsidiary of Pangilinan-led Metro Pacific Investments Corp. (MPIC), said it...
Metro Pacific Investments Corp. (MPIC) is considering selling its stake in the private operator of the Light Rail Transit Line 1 (LRT-1) as losses continue to mount, according to business titan Manuel V. Pangilinan. “We continue to lose money on LRT-1, and I think we’re considering selling...
Axelum Resources Corp., the country’s leading manufacturer and exporter of coconut food products, reported an 88-percent surge in net income to ₱636 million in the first nine months of 2025 due to higher volumes and selling prices. In a disclosure to the Philippine Stock Exchange (PSE), the...
Hong Kong-based investment holding firm First Pacific Co. Ltd. expects its earnings to continue its upward trajectory through increased contributions from its Philippines businesses, Philex Mining Corp., and digital bank Maya. In a virtual investor conference, First Pacific stated that the two...
Belle Corp., the leisure arm of the SM Group, reported a 14-percent drop in net income to ₱1.32 billion for the first nine months of 2025 from the ₱1.53 billion recorded for the same period in 2024, mainly due to lower earnings from City of Dreams Manila (CODM). In a disclosure to the...
Emphasizing that playing the lottery should always remain a form of safe and enjoyable entertainment—not a financial risk—the Philippine Charity Sweepstakes Office (PCSO) on Wednesday, October 29, reaffirmed its commitment to promoting responsible gaming during the 2025 Asia-Pacific Lottery...
The Po family is consolidating its business empire, using their holding company, Zephryn Holdings Inc., to acquire a controlling 45.7 percent stake in investment arm Century Pacific Group Inc. In a disclosure to the Philippine Stock Exchange, CPGI subsidiaries Century Pacific Food Inc. and...
Travelers can breathe a sigh of relief as local airlines will no longer pursue the collection of a terminal enhancement fee meant to raise fares, even as they scramble to shoulder the soaring costs of operating at Ninoy Aquino International Airport (NAIA). Civil Aeronautics Board (CAB) Executive...
Public fury over flood control corruption and the toll of recent typhoons appear to have choked consumer confidence, potentially dragging the Philippines’ economic growth to a below-target 5.2 percent in the third quarter of the year. According to the latest edition of the University of Asia and...
Metro Pacific Investments Corp. is committed to regaining majority control over Metro Pacific Hospitals Corp. (MPHC) six years after it had decided to trim down its interest to 20 percent to raise funds for its other ventures. In an interview, MPIC Chief Finance, Risk, and Sustainability Officer...
The Philippines and France are working together to deepen maritime ties in the face of increasing security and environmental threats, French Ambassador Marie Fontanel said. Speaking during the final installment of “Blue Talks” as part of the Blue Nations initiative of the 2025 United Nations...
The Philippine Coast Guard (PCG) said that France is a steadfast partner of the Philippines in promoting the two nations ' shared maritime interests in the Indo-Pacific region. Thus, said PCG Commandant Adm. Ronnie Gil Gavan as he welcomed French Ambassador to the Philippines Maria Fontanel...
