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Abu Sayyaf men found guilty in Sipadan kidnapping trial

Almost a quarter of a century later, a Taguig City Regional Trial Court found 17 Abu Sayyaf men guilty of kidnapping of foreign and Filipino tourists on Sipadan Island, Malaysia in April 2000. The Department of Justice said in a statement that the accused were found guilty of 21 counts of kidnapping, and serious illegal detention with ransom. The Abu Sayyaf men, including those listed in the United Nations Security Council’s Sanctioned List, were sentenced with life imprisonment for each count of the crimes.

EastWest: Visa Platinum credit card use ‘more than tripled’ since relaunch

EastWest Bank announced on Monday that since the relaunch of its Visa Platinum Credit Card, new card bookings have more than tripled, accompanied by a notable increase in monthly billings.

Phinma Property invests P12B in new Bacolod Township

Phinma Property Holdings Corp. has unveiled ambitious plans for a new township, Saludad, in Bacolod, committing approximately P12 billion to develop a 21-hectare site. The project aims to create a vibrant community that integrates commercial, educational, and residential spaces.

PCC approves joint venture for Sangley Point Int’l Airport

The Philippine Competition Commission (PCC) has approved a joint venture between the Cavite provincial government and a consortium including Cavitex Holdings, Inc. and House of Investments, Inc. to develop the USD11 billion Sangley Point International Airport (SPIA).

iPhone 16 demand in PH ‘continue to grow,’ telco says

Globe Telecom expects robust sales for the latest iPhone model in the Philippines, fueled by rising consumer demand. “We are very happy with the turnout...

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ADB: Philippines stays course despot inflation surge

Despite a sharp rise in April inflation and mounting external risks, the Philippines remains “on the right track,” according to Asian Development Bank chief economist Albert Park, who spoke to CNBC during the lender’s annual meeting in Uzbekistan on Tuesday. 

Alsons Power highlights need for timely outage reporting

Alsons Power Group emphasized the importance of promptly reporting power outages to maintain stable and reliable operations.

DigiPlus profit in Q1 falls as access rules bite

DigiPlus Interactive Corp., operator of BingoPlus, ArenaPlus, and GameZone, posted a net income of P2.8 billion in the first quarter of 2026, down 33 percent year-on-year as regulatory changes and softer consumer spending weighed on platform activity.

DICT targets up to 80% cut in broadband costs by 2028

The Department of Information and Communications Technology (DICT) plans to cut broadband costs in the country by 40 to 80 percent by 2028 under its National Digital Connectivity Plan.
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