Calbayog Water launches first septage treatment plant in Calbayog City
Calbayog Water, a Manila Water non-East Zone operating unit under Manila Water Philippine Ventures (MWPV), has officially launched its first Septage Treatment Facility (SpTP) in Barangay Dinagan, Calbayog City, Samar—marking a significant milestone in the city’s sanitation and environmental protection efforts.
Bifrost Cable Lands in Davao
Converge ICT Solutions Inc. announced the successful landing of the trans-Pacific Bifrost Cable System in Davao, a key milestone in positioning the Philippines as a major hub in the global digital infrastructure map.
Forex reserves dip slightly to $105.7B in July
The country's gross international reserves (GIR) edged down to US$105.7 billion at end-July 2025 from US$106.0 billion the previous month, according to preliminary data released by the Bangko Sentral ng Pilipinas (BSP).
SMIC earns ₱42.6B in 1H 2025, driven by banking, property, retail
SM Investments Corporation (SM Investments) reported a consolidated net income of P42.6 billion for the first half of 2025, a 6 percent year-on-year increase from P40.2 billion, driven by broad-based gains across its banking, retail, and property businesses. Consolidated revenues grew 6 percent to P319.2 billion from P301.4 billion in the same period last year.
Megaworld targets 9,000 hotel rooms by 2030
Megaworld Corp. is aiming to grow its hotel room inventory to 9,000 keys by 2030, up from the current 6,000, as part of a broader strategy to boost the country's tourism, conventions, and events sectors. The expansion aligns with parent firm Alliance Global Group Inc. 's (AGI) thrust to consolidate and strengthen its hospitality assets.
