First Gen buys into Prime Infrastructure hydropower projects in P75B deal
First Gen Corp., controlled by the Lopez family, is acquiring a 40 percent equity stake in pumped storage hydropower portfolio Prime Infrastructure Capital Inc., part of billionaire Enrique Razon Jr.’s infrastructure venture, for P75 billion.
Semirara contract to go under the hammer as DOJ rejects renewal
The Department of Energy (DOE) is starting preparations this year for the public bidding of the coal mining rights on Semirara Island, as the contract held by Semirara Mining and Power Corp. (SMPC) expires in July next year.
DA, Australia step up talks on banana exports
The Department of Agriculture (DA), is continuing coordination with Australian authorities to open the Australian market for Philippine Cavendish banana exports.
Jollibee ends 2025 with strong sales, charts 2026 expansion
Jollibee Foods Corp. capped 2025 with record preliminary systemwide sales and its most aggressive store expansion yet, reinforcing its vision to evolve from a Philippine fast food leader into a global multi-brand powerhouse.
SSS reserve fund surpasses P1T
The war chest Social Security System, the Philippine state-run pension fund for private sector workers, has crossed a historic line. SSS posted reserve fund in excess P1 trillion for the first time in its history.
