Ayala Corporation, one of the country's oldest and most respected conglomerates, has taken a significant step toward ensuring its continued growth and evolution by promoting four next-generation leaders, predominantly from the Zobel family.
Anko, Australia’s home and lifestyle retailer, is poised for significant expansion in the Philippines with the opening of its third and largest store at Ayala’s Trinoma shopping mall in Quezon City, scheduled for July.
Personal remittances from overseas Filipinos (OFs) rose by 2.9 percent to USD3.24 billion in January 2025, compared to USD3.15 billion in the same period last year, marking a steady increase despite global economic challenges. This uptick in remittances, which are a critical driver of the Philippine economy, reflects the continued resilience of both land-based and sea-based Filipino workers abroad.
Metro Manila’s condominium market is facing an unprecedented oversupply, with approximately 26,300 ready-for-occupancy (RFO) units unsold as of the end of 2024.
SM Investments Corp. and its property development arm SM Prime Holdings Inc. are looking to the European bond market to raise funds to bankroll continued expansion and sustain growth.
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.
The Philippine Ports Authority (PPA) has finished development and improvement works at the Port of Plaridel in Misamis Occidental, boosting maritime connectivity between Northwestern Mindanao and key Visayas destinations such as Siquijor, Bohol, and Cebu.