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DITO CME raises P2.05B via follow-on offer

DITO CME Holdings Corp. has successfully raised P2.05 billion in gross proceeds through a follow-on offer, signaling strong investor confidence in the company’s growth prospects.

PAL expands holiday flight network to meet rising demand

Philippine Airlines (PAL) is gearing up for the holiday season by expanding its domestic and international flight offering to accommodate growing demand.

ACEN powers Cebu Pacific facilities with renewable energy

ACEN Corp., through its retail electricity supply arm ACEN Renewable Energy Solutions, has helped Cebu Pacific transition two key facilities to renewable energy, a significant step in the decarbonization efforts of the Gokongwei Group’s budget airline.

Tiger Resort divests from Asiabest; shares market value P5.24B

Asiabest Group International Inc., formerly AGP Industrial Corp., announced on Friday that its majority shareholder, Tiger Resort Asia Ltd., has fully divested its stake in the company.

Senator Gatchalian: P88B tax lost due to fake PWD IDs

Senator Sherwin Gatchalian said fake PWD cards cost the government P88 billion tax revenues last year. The chair of the Senate Ways and Means...

Just in

URC eyes modest growth amid global risks

Universal Robina Corporation is aiming for mid-single-digit revenue growth this year despite concerns over global uncertainties, including tensions in the Middle East.

CLI 1Q profit drops 22%

Cebu Landmasters Inc. reported a 22 percent drop in net income in the first quarter, falling to P1.02 billion from P1.32 billion a year earlier.

F&B investors still eye PH expansion despite political, global risks

Foreign food and beverage (F&B) investors remain interested in expanding operations in the Philippines despite political uncertainties and global supply concerns, according to Food Industry Asia (FIA).

Luzon, Visayas grids stay under red and yellow alerts for second day

The Luzon and Visayas power grids remained under red and yellow alerts on Thursday as electricity demand continued to exceed available supply due to power plant outages and extreme heat-driven consumption.
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