Shares of Nike Inc. surged 15 percent on Friday, as investors embraced the company's upbeat outlook and strategic “Win Now” plan, despite a steep drop in both quarterly and full-year earnings for the period ending May 31.
Confidence among Filipino businesses and consumers softened in the second quarter of 2025, according to twin surveys released by the Bangko Sentral ng Pilipinas (BSP), signaling a more cautious outlook for the economy amid lingering global and domestic headwinds.
St. Luke’s Medical Center, in collaboration with St. Luke’s Foundation, GCash, and Roche, has officially launched "Piso Para sa Kanser: Tuloy ang Laban, Piso ang Pag-asa!"—a nationwide micro-donation campaign to support Filipino cancer patients.
DoubleDragon Corp. founders Tony Tan Caktiong and Edgar “Injap” Sia II led Hotel101 Global executives in ringing the Nasdaq opening bell in New York, marking a major step toward the Filipino company’s anticipated public listing. This follows the U.S. SEC’s June 2 approval of the registration statement for Hotel101 Global’s planned merger with Nasdaq-listed JVSPAC Acquisition Corp., a Hong Kong-based SPAC formed in 2021. The move signals the global ambitions of the Hotel101 brand, known for its standardized hotel concept. “This moment is for every Filipino who dares to dream big,” said Hotel101 Global CEO Hannah Yulo-Luccini at the ceremony.
Jollibee has opened its third store in Manhattan, New York, located at 14 East 42nd Street near Grand Central Station. Launching last March 31, 2026, the outlet serves customers daily from 9:00 AM to midnight, offering dine-in, take-out, online orders, and catering services.
Robinsons Land Corp. (RLC), through joint venture RL Clark Logistix Inc. (RCLX) with Asian Infrastructure Holdings Corp. (AIHC), has started construction of a dedicated logistics facility for FedEx at Clark International Airport in Pampanga. RLC holds an 85 percent stake in RCLX, while AIHC owns the remaining 15 percent. The project is coordinated with key government and airport bodies: BCDA, Clark Development Corp., and airport operator LIPAD.
The Bangko Sentral ng Pilipinas (BSP) is urging businesses to offer the Personal Equity and Retirement Account (PERA) program to employees, highlighting major tax incentives and wider economic benefits.
Filinvest Land Inc., the property development arm of the Gotianun Group, reported a 62 percent surge in March sales reservations to P2.7 billion, compared to the same month last year.