SM Investments Corp. (SMIC) is cautiously exploring the potential for launching a data center business of its own in Batangas although the company faces significant challenges due to foreign hyperscalers’ hesitance to come and experience the Philippine market. Despite the tantalizing prospects of such an investment, SMIC is wary of committing fully without addressing key external factors influencing a favorable decision.
Lower food prices in February contributed to a drop in inflation to 2.1 percent for the month. This was slower than both central bank and market forecasts, and marked a significant decline from 2.9 percent in January.
Solicitor General Menardo Guevarra should take a long hard look whether he is still fit to be the chief counsel of government, Malacanan press officer Claire Castro told a Palace briefing. She said OSG's decision to recuse from representing government officials in the habeas corpus petitions filed by Duterte camp is an apparent refusal to do his job.
The Energy Regulatory Commission (ERC) has formally set the 2025 national and regional power capacity limits, reaffirming its regulatory oversight of the Electric Power Industry Reform Act (EPIRA) of 2001.
Universal Robina Corporation (URC) announced a 3 percent year-over-year increase in sales for the full year ended December 31, 2024, reaching P161.9 billion.
Filipino households and businesses can look forward to significant relief at the pumps this week, with a major downward adjustment in fuel costs forecast following five consecutive weeks of mixed price trends.
Chemical maker D and L Industries Inc. is more hopeful about next year following the US midterm elections, which have raised hopes for an end to the Iran conflict, lower oil prices and a stronger peso. President Alvin Lao cited these as clear positives, though he warned that damaged supply chains, a severe El Niño and domestic political tensions remain key concerns.
AyalaLand Logistics Holdings Corp. (ALLHC) sharply improved its earnings in the third quarter, with net income of P62 million helping narrow its nine-month profit decline to 9 percent as industrial lot sales gained traction and cold storage operations expanded.
PLDT Inc. says the sliding Philippine peso is driving up costs for its information and communications technology projects, especially those that rely heavily on imported gear and materials.