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WATCH | Ayala Group looks back at almost two centuries of nation-building and serving Filipinos
Last July, the country’s oldest conglomerate launched #BrigadangAyala to address the needs of the diversified communities they serve.…
Year One of plastic neutrality: Nestlé PH recovers 27,000 tons of waste
Last year, Nestlé Philippines made a commitment. It made a commitment to make its packaging, including plastics 100…
Ayala income in H1 surges by 31% on easing of curbs
Conglomerate Ayala Corp. on Thursday said its income grew 31 percent to P10.39 billion in the first semester,…
Monde Nissin H1 income falls 13%
Monde Nissin Corp. on Thursday said its core income at ownership fell 13 percent to P4.25 billion in…
‘Brave’ Filreit debuts on stock market
Shares of Filinvest REIT Corp., which made its debut on the Philippine Stock Exchange (PSE), weathered the market’s…
Vista Land income expands to ₧3.8 billion in January-June
Vista Land and Lifescapes Inc., the property development arm of the Villar Group, on Thursday said it posted…
AGI H1 income grows threefold
Alliance Global Group Inc. (AGI), the holding company of businessman Andrew L. Tan, on Thursday said its income…
EDC turns over ₧29 million to LGUs
Energy Development Corp. (EDC) has turned over P29.1 million to the communities and local government units (LGUs) hosting…
LT Group net income declines by 63% in January-June
LT Group Inc. (LTG), the holding firm of most businesses of tycoon Lucio Tan, on Wednesday said its…
Aboitiz keen on supplying power to Meralco via CSP
ABOITIZ Power Corp. will participate in the competitive selection process (CSP) for the Manila Electric Co.’s (Meralco) baseload…
Cebu Air net loss widens to ₧13.79 billion
Cebu Air Inc., the operator of budget carrier Cebu Pacific, saw its net loss widening in the first…
D&L posts strong recovery in Q2
Chemical manufacturer D&L Industries Inc. said its recovery continued in the second quarter, allowing it to record an…
Lazada partners with Kwik.insure to provide free COVID-19 insurance to customers
Lazada, the leading e-commerce platform in the Philippines, has partnered with Kwik.insure, the Philippines’ largest online insurance marketplace,…
DMCI income in H1 surges as coal, nickel prices rally
Conglomerate DMCI Holdings Inc. on Tuesday said its net income jumped almost five times to P9.5 billion in…
4 PHL firms land on Forbes Asia’s 100 to Watch List
Four Philippine companies—ChatGenie, CloudEats, Kalibrr and PayMongo—are cited in Forbes Asia’s inaugural 100 to Watch List, which trains…
‘Government must bid out Malampaya contract’
The next operator of the Malampaya Deep Water Gas-to-Power Project must be determined via an auction, according to…
PSALM seeks nod of ERC for power rate adjustments
The Power Sector Assets and Liabilities Management Corp. (PSALM) filed an application with the Energy Regulatory Commission (ERC)…
Globe hikes capex to fund additional network projects
Globe Telecom Inc. raised its capital expenditures (capex) for 2021 by almost a tenth to P76 billion after…
Jollibee opens Smashburger store in Chicago
Jollibee Foods Corp.’s (JFC) Smashburger on Monday said it opened its first store in downtown Chicago and Washington…
Filipino-led biotech raises ₧10 billion for cancer research
InterVenn Biosciences recently announced the completion of a P10-billion Series C financing from SoftBank Group, Heritage Provider Network,…
AirAsia PHL: 92% of flight crew got jabs
AirAsia Philippines on Monday said that 92 percent of its flight operations team, including pilots and cabin crew,…
Puregold income up by 17% in H1
Puregold Price Club Inc., the grocery chain led by businessman Lucio Co, said its income reached P3.99 billion…
ICTSI unit in Iraq hits 3 million TEUs
International Container Terminal Services Inc. (ICTSI) said on Monday its Iraqi subsidiary reached an operational milestone recently with…
GERI net income fell 12% to ₧643.28 million in January-June
Global-Estate Resorts Inc. (GERI) said its net income in the first semester fell 12 percent to P643.28 million…
Grab: Services remain operational
Grab Philippines assured its users on Monday that it will continue to operate its various services despite the…
CEB: 90% of flying crew got jabs
Cebu Pacific (CEB) has announced that 90 percent of its pilots and cabin crew have now been vaccinated,…
3 power facilities to go offline
Three power facilities with 1,047 megawatts (MW) in combined capacity may not be able to run when the…
ACEN plans to build ₧25-B dual-fuel plant in Batangas
Ingrid3 Power Corp., a unit of AC Energy Corp. (ACEN), has proposed the construction of a P25-billion dual-fuel…
Ayala Land REIT H1 income up 31% after asset infusion
Areit Inc., the real estate investment trust (REIT) of Ayala Land Inc. (ALI), said its income in the…
SMC posts strong results in H1 despite Covid curbs
Conglomerate San Miguel Corp. (SMC) said its income for the first semester reached P29.57 billion, a turnaround from…
D&L’s Batangas plant to start commercial operation in May 2022
Chemical manufacturer D&L Industries Inc. has decided to push back the commercial operation date of its Batangas plant…
PLDT to deploy more FTTH ports
Wireless will continue to take the lion’s share in the revenue mix of telco titan PLDT Inc., but…
AC Energy to invest $10 million in overseas solar projects
AC Energy Corp. (ACEN), through its subsidiary AC Renewables International (ACRI), will pour $10 million in fresh funds…
Cebu Pacific resumes international flights
Cebu Pacific (CEB), the Philippines’s leading carrier, on Thursday said it will mount flights to additional key Asian…
ICTSI net income up 73% in H1
Port operator International Container Terminal Services, Inc. (ICTSI) saw its net income attributable to equity holders surging by…
Emperador, DMCI exit PSE index
Liquor maker Emperador Inc. and construction conglomerate DMCI Holdings Inc. have been booted out of the benchmark 30-company…
Petron records net income of ₧3.87 billion in January-June
Petron Corp. ended the first semester with a net income of P3.87 billion, a turnaround from the P14.24-billion…
SMIC income nearly triples to ₧20.1 billion in H1
SM Investments Corp. (SMIC), the holding firm of the Sy family, said its income nearly tripled to P20.1…
DOE targeting to hit RE goal in power mix via green energy auction scheme
The Department of Energy (DOE) is soliciting comments from industry stakeholders on a draft circular that seeks to…
Del Monte PHL puts on hold IPO
The board of dual-listed Del Monte Pacific Ltd. has decided to delay the listing of its Philippine unit…
AirAsia expands cargo business
As commercial flights have been limited due to the potential spread of Covid-19’s Delta variant, budget carrier AirAsia…
MPIC core income climbs 13% to ₧5.3 billion in January-June
Metro Pacific Investments Corp. (MPIC) said it posted a core income of P6 billion in the first semester,…
EDC wins highest award from ASEAN Occupational Safety and Health Network
First Gen-owned renewable energy leader Energy Development Corporation’s (EDC) Mount Apo Geothermal Project (MAGP) received the ASEAN OSHNET…
Survey: CNN Philippines most trusted media outlet
With a 60-percent high trust, CNN Philippines is the country’s most trusted media outlet, according to the results…
Bloomberry losses narrow to ₧1.9 billion in January-June
Bloomberry Resorts Corp., the operator of Solaire Resort and Casino, on Tuesday said its losses narrowed to P1.9…
Aboitiz allots ₧190 billion for energy projects
Aboitiz Power Corp., the largest owner and operator of renewable energy (RE) projects in the Philippines, has allocated P190 billion for projects that will enable the company to hit a 50:50 balance between its renewable and thermal capacities by 2030.
Semirara net income up 279% in April-June
Consunji-led Semirara Mining and Power Corp. (SMPC) registered a net income of P4 billion in the second quarter,…
Ayala Land income climbs 34% to ₧6B in January-June
Property developer Ayala Land Inc. said its income for the six months ending June 30 grew 34 percent…
House OKs bills on water franchises
The House of Representatives on Wednesday approved on third and final reading two bills granting franchises to Manila…
BiotechJP taps solar power
EEI Power Corp., a subsidiary of Yuchengco-led EEI Corp., has completed the installation of an 83.2-kWp solar rooftop…
SM Prime profit up 12% in January-June
Shopping mall operator SM Prime Holdings Inc. on Monday said its net income rose 12 percent to P11.6…
SMC to inoculate 35K workers in 5 weeks
Conglomerate San Miguel Corp. (SMC) on Monday said it is targeting to inoculate over 35,000 of its employees…
Phoenix net income grows by 9% in Q2
Phoenix Petroleum said it recorded a 9-percent increase in net income in April to June on account of…
Cebu Pacific starts vaccination drive
Cebu Pacific (CEB), the Philippines’s leading carrier, rolled out last July 28 its vaccination program which will inoculate…
SEC creates office for fintech regulation
The Securities and Exchange Commission (SEC) has created a new division which aims to regulate the country’s emerging…
NGCP targeting to complete VisMin power grid in Q1 2022
The National Grid Corporation of the Philippines (NGCP) is aiming to complete the Mindanao-Visayas Interconnection Project (MVIP) within…
Meralco seeks nod of ERC for capital spending plan
The Manila Electric Co. (Meralco) is seeking regulatory approval to implement its capital expenditure (capex) program worth about…
Cebu Pacific brings home Filipinos from UAE
Special commercial flight manned by fully-vaccinated crew members
Cebu Pacific Official Advisory on GCQ with heightened restrictions and ECQ on August 6, 2021
The Philippine government, through the Inter Agency Task Force (IATF) Resolution No 130-A, has placed the NCR Plus Area under a more stringent General Community Quarantine (GCQ) with…
Fujifilm finds new niches, record profits amid pandemic
Fujifilm outlived the decline of traditional photography and has logged record profits after diversifying into a wide range of businesses, from drugs and cosmetics to advanced materials, cameras and other types of imaging machines.
Google delays return to office, mandates vaccines
The delays by Apple and Google could influence other major employers to take similar precautions, given that the technology industry has been at the forefront of the shift to remote work triggered by the spread of the novel coronavirus.
PSE to BOI: Require firms enjoying perks to go public
The Philippine Stock Exchange Inc. (PSE), the operator of the country’s equities market, said it has asked the…
Jollibee forms joint venture with Malaysian franchisee
Local fast-food giant Jollibee Foods Corp. (JFC) on Thursday said it is forming a joint venture (JV) with…
‘Easing of Covid curbs buoys Emperador’s H1 performance’
Emperador Inc., the liquor firm of businessman Andrew Tan, said its attributable income grew by 53 percent to…
AboitizPower income hits ₧4 billion in Q2
Aboitiz Power Corp. posted P4 billion in net income in the second quarter, bringing its first-half net income…
Government urged to speed up energy transition
Toyota Motor Philippines (TMP), the largest automotive company in the country, has called for the implementation of competition…
Spectrum energizes solar farm
The Manila Electric Co.’s renewable energy subsidiary, Spectrum, has energized a one-megawatt (MW) solar farm within Maynilad’s La…
Foodpanda: Glitch caused riders’ suspension
Foodpanda said it had a technical glitch in its rider software, which caused the 10-year suspension of some…
Gender equity at the bottom of firms’ priority list–IBM
Despite the advantages of promoting gender equity in a corporate setting, IBM Philippines Country Manager Aileen Judan-Jiao said…
Malampaya shutdown to hike generation charge–Meralco
The Manila Electric Co. (Meralco), the country’s largest electricity distribution utility, is anticipating an increase in power generation…
ECs told to pay overdue power bills
The Power Sector Assets and Liabilities Management Corp. (PSALM) has issued final warnings to two electric cooperatives (ECs)…
Hidilyn Diaz is PAL’s first ‘forever flyer’
Olympic gold medalist Hidilyn Diaz is Philippine Airlines’ (PAL) first “forever flyer” after the flag carrier rewarded her…
Tiu acquires stake of foreign investor in Greenergy
Businessman Antonio Tiu, who owns listed firm Greenenergy Holdings, is consolidating his ownership of Greenergy and his agribusiness…
ICTSI partners with Microsoft for centralized data platform
Port operator International Container Services Inc. (ICTSI) has signed a long-term partnership with Microsoft to enable a centralized…