MANILA, Philippines — Ayala Land Inc. (ALI) is fortifying its recurring-income businesses as a stabilizing force amid economic headwinds and a challenging property market, with leasing and hospitality revenues climbing…
The country's rice inventory fell to 2.16 million metric tons (MT) in October, down 8.3% from the 2.35 million MT recorded in the same period last year, according to the latest data from the Philippine Statistics…
Listed property developer and shopping center operator Ayala Land Inc. posted declines in its top and bottom line for the third quarter and year-to-date, as the company faced headwinds.
'Whatever we have achieved can only grow from here,' says Maharlika Investment Corporation's top boss, Joel Consing, who's set to step down on November 23
Maharlika Investment Corporation confirmed that it has paused the proposed investment in Synergy Grid & Development Phils Inc. (SGP), amid the current conditions.
The Philippine peso rallied back to the P62-to-one dollar level on Thursday amid optimism that the US-Iran war would end soon following the United States midterm elections "Democratic sweep."
Ayala Land Inc. is strengthening its recurring-income businesses as a growing source of stability amid economic headwinds and challenges in the property sector, with leasing and hospitality revenues rising 8% to P37.8…
Technology company Amihan Global Strategies is investing about $1 million for its newly launched Forward Deployed Engineer (FDE) Academy, which aims to pool of 1,000 to 2,000 local professionals and position the…
MANILA, Philippines — The local currency staged a strong recovery on Thursday, appreciating by more than half a peso against the US dollar to close at P62:$1. The peso strengthened by 56.5 centavos to close at P62.97…
What is to be done now that the P7.2 trillion national budget is with the Senate?
TOKYO — Gaming fans around the world excitedly welcomed the release on Thursday of Nintendo's latest addition to its long-running Zelda series, "Ocarina of Time." The game, a remake of a classic 1990s edition, is being…
The Maharlika Investment Corp. (MIC), which manages the Philippines' sovereign wealth fund, is eyeing up to three more investments before the end of 2026, potentially bringing its total capital deployment for the year…
Phase 4 of the Malampaya Project reached its first gas milestone, marking the official connection of two new wells near Palawan to the Luzon grid.
The country"s rice importation is expected to be affected by the weakening of the Philippine peso against the US dollar, the Philippine Chamber of Agriculture and Food, Inc. (PCAFI) said Thursday.
Maynilad Water Services saw a 10.2% increase in its bottom line in the first nine months of 2026.
The PSA reported that headline inflation accelerated to 7.8% in October, marking the highest figure since February 2023, when it reached 8.6%.
Over one million passengers pass through the Ninoy Aquino International Airport (NAIA) during the nine-day “Undas” travel period, from October 27 to November 4, 2026, San Miguel-led private operator New NAIA Infra Corp…
Marcos leads ceremonial first flow of gas for Malampaya phase 4
NEW YORK — US stocks soared Wednesday after President Donald Trump’s party lost its sole control of Washington in the midterm elections. Stocks generally do well in the months following any midterm U.S. election…
The Department of Agriculture (DA) is seeking a budget for the supply of vaccine against African swine fever (ASF) for smallholder or small-scale farms nationwide.
Sari-sari stores are far from a perfect model but it is a lifeboat that the country relies on amid rising oil prices and political instability
MANILA, Philippines — Inflation accelerated to 7.8 percent last month, driven by rising transport and energy costs, the Philippine Statistics Authority (PSA) said Thursday. Consumer price growth accelerated for two…
The country"s inflation rate accelerated for the second straight month in October, mainly due to faster increases in transportation, fuel, and utilities costs during the period.
This marks the second consecutive month of accelerating inflation, as pressure piles onto already-stretched consumer wallets
BOTTLER Coca-Cola HBC raised its annual organic revenue growth forecast on Wednesday, as changes to prices and packaging sizes catering to value-conscious customers in key markets propelled demand amid rising cost…
THE Energy Regulatory Commission (ERC) said on Wednesday it had issued 24 show-cause orders to 13 power generation companies whose units were flagged for exceeding limits on unplanned outages in the Visayas and…
HOUSTON - Oil prices fell more than 8% to settle at their lowest in more than two months on Wednesday after President Donald Trump's Republican Party lost control of Congress in midterm elections, as investors bet that…
CENTURY Properties Group Inc. (CPGI) is expanding its affordable housing business in the Calabarzon region with two new residential developments in Laguna and Batangas with a combined estimated sales value of P6.35…
FILINVEST REIT Corp. (FILRT) posted a 28-percent increase in net income to P1.3 billion in the first nine months of 2026, supported by higher revenues following the full-year contribution of Festival Main Mall to its…
Pharmaceutical company and health care provider United Laboratories topped the list of Filipino companies that were included in TIME magazine’s inaugural ranking of employers that create outstanding workplaces across…
PHILWEB Corp.’s digital gaming platform partnership with Okada Manila has surpassed P100 million in monthly gross gaming revenue (GGR), marking a major growth milestone six months after its launch. On Wednesday, PhilWeb…
THE Bases Conversion and Development Authority (BCDA) said on Wednesday it would award the P14.8-billion New Clark City water supply and wastewater project to a consortium of Maynilad Water Services Inc. and Korea Water…
The ASEAN Summit and Related Summit meetings of heads of state, presidents and prime ministers of some 20 countries, is fast approaching in two weeks to be held at the PICC in Manila.
SUPER Micro Computer forecast second-quarter revenue above Wall Street estimates on Tuesday as strong demand for its AI-optimized servers boosted sales, sending the company's shares up more than 9 percent in extended…
SAN FRANCISCO — Google has said it will switch off its AI tools for schoolchildren by default, after drawing criticism for pushing artificial intelligence features to students while schools are still debating how the…
Oil giant Petron Corp. remained profitable despite persistent market headwinds, but its earnings nearly halved to P5.4 billion from January to September.
BERLIN ─ Premium automaker BMW got a boost to shares on Wednesday despite slashing its financial targets for a second time this year and reporting a quarterly profit slump, as it accelerates job cuts and restructuring…
LONDON ─ British retailer Marks & Spencer said on Wednesday its first-half profit rebounded from last year's cyberattack-hit level but was down on a two-year basis as strong earnings from food failed to fully offset…
After beating its 2026 target, the Philippine Economic Zone Authority is now looking to close the year with all-time high investment approvals of up to P320 billion.
That's every story in Business for Thu 5 Nov.
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