Anko expands PH footprint with second store in Alabang, backed by Ayala Corp.
Australian home and lifestyle retailer Anko opened its second Philippine store on Thursday at Alabang Town Center, strengthening its foothold in the country’s fast-growing retail sector and underscoring a strategic partnership with Ayala Corp.
ACEN profit drops 28% on lower generation, weaker market prices
ACEN Corp. reported a 28 percent year-on-year decline in its first-quarter consolidated net income attributable to equity holders, falling to ₱1.95 billion from ₱2.72 billion in the same period of 2024. The slump was driven by lower generation output and declining prices in the Philippine Wholesale Electricity Spot Market (WESM), the company said Thursday.
Branded foods drive URC’s 1Q surge, sales hit ₱45.3B
Universal Robina Corp. (URC) reported consolidated sales of P45.3 billion for the first quarter ending 31 March 2025, up 7 percent year-on-year, as it delivered strong volume-led growth across most of its business divisions.
Construction of CLLEX Phase I nears completion, full operation targeted by July 2025
The Department of Public Works and Highways (DPWH) announced that the Central Luzon Link Expressway (CLLEX) Phase I is on track to begin full operations by July 2025, marking a major milestone in the government’s “Build Better More” infrastructure agenda and President Ferdinand R. Marcos Jr.'s Bagong Pilipinas vision.
Cebu Pacific eyes continued growth in 2025, expands fleet and network
Cebu Pacific is looking to sustain its rapid expansion into 2025, driven by aggressive fleet growth, network expansion, and strategic investment in key hubs across the Philippines, company executives said Thursday during the airline’s annual stockholders’ meeting.
