Converge ICT targets 10% revenue growth, expands fiber network, names new board chair
Converge ICT Solutions Inc. expects its 2026 revenue to grow 8 to 10 percent, driven by more residential and enterprise subscribers and plans to build one million new fiber ports. At its annual stockholders’ meeting, president Mary Grace Uy reported the firm earned ₱44.8 billion in 2025, up 10.2 percent year-on-year. In the first quarter of 2026, revenue rose 3.7 percent to ₱11.2 billion while net income reached ₱3.02 billion, with profit margins staying among the industry’s strongest despite growth falling slightly short of targets.
PAL takes delivery of second A350-1000
Philippine Airlines (PAL), the country’s flag carrier, has received its second Airbus A350-1000, continuing its fleet modernization program.
Industry giants build pioneering intelligent city, pilot in Makati CBD
Four major industry players—Ayala Corporation, Globe Telecom, Mitsubishi Corp., and KDDI Corp.—have partnered to develop the country’s first Intelligent City, with Makati Central Business District chosen as the pilot site.
Higher Pag-IBIG loan cap seen spurring economy
The government's decision to raise the maximum Pag-IBIG housing loan to P10 million is expected to do more than help Filipinos buy homes.
Sardines, noodles lead fresh round of price hikes
Consumers may need to stretch their grocery budgets a little further as the Department of Trade and Industry (DTI) released an updated Suggested Retail Price (SRP) bulletin showing higher prices for several basic and prime commodities.
