The SM Investments Corporation (SMIC) group plans to spend more than US$50 million this year to explore geothermal steam in six new sites, as it expands its renewable energy business.
Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, has completed a major runway surface upgrade at Laguindingan International Airport, the second-busiest airport in Mindanao.
Budget airline Cebu Pacific has received its first aircraft delivery for 2026, an Airbus A320neo, as part of efforts to expand capacity across its domestic and regional routes.
Globe Telecom has partnered with Singapore-based Transcelestial to deploy more than 400 wireless laser links across the Philippines over the next three years, aiming to speed up the rollout of 5G and strengthen the country’s digital infrastructure.
The Philippine Chamber of Commerce and Industry (PCCI), Anti-Red Tape Authority (ARTA), and Philippine Ease of Doing Business Foundation (Ease.PH) have formed a partnership to streamline business permitting across the country, aiming to reduce bureaucratic delays and support entrepreneurs, particularly micro, small and medium enterprises (MSMEs).
Robinsons Retail Holdings Inc. (RRHI) reported a 35 percent drop in net income for the first quarter, falling to ₱489 million from ₱759.78 million a year earlier, mainly due to higher interest expenses linked to its reacquisition of shares from DFI Group.
A local fuel retailer said gasoline and diesel prices iare likely to increase again next week due to ongoing tensions between the United States and Iran.
Credit recovery and financial services firm S.P. Madrid Corporation is expanding its operations nationwide through a partnership with PLDT Enterprise to improve connectivity and data security.