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 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 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.
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).
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...
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.
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.
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.