Every January 9, Manila wakes up to a city transformed. Streets close, mobile signals strain, and time seems to slow as millions of barefoot devotees converge for the Traslación of the Black Nazarene—one of the world’s largest religious processions and among the most powerful public expressions of Filipino faith.
The Philippine Competition Commission (PCC) has given the green light to a strategic joint venture between listed conglomerate Ayala Corp. and EMIF II Holding III B.V., clearing the latter’s acquisition of a roughly 40 percent stake in AC Logistics Holdings Corp.
Electricity prices at the Wholesale Electricity Spot Market (WESM) rose by 10.1 percent in December, driven mainly by higher power demand in the Visayas and Mindanao, data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed.
ABB is supplying a full electrification system for VITRO Santa Rosa, the Philippines’ first AI-ready hyperscale data center, located in Laguna. The 50-megawatt facility is designed for high reliability, energy efficiency, and future AI growth, as the country becomes one of the world’s fastest-growing data center markets.
2GO, one of the Philippines’ leading logistics companies, is optimistic about its outlook for 2026 as it continues to expand its freight, express delivery, and sea travel operations.
Rockwell Land Corp. is making a high-profile return to the domestic debt market, with the highest credit rating from Philippine Rating Service of PRS Aaa rating with a Stable Outlook, for its planned bond issuance of up to P10 billion. The PRS rating underscores the solid balance sheet and conservative financial profile of the listed property development arm of the Lopez Group.