Eugenio “Gabby” Lopez III on Monday said his family branch sold its 25.7-percent stake in Lopez, Inc. to businessman Ramon S. Ang, reshaping the ownership of one of the Philippines’ best-known family business groups while potentially drawing a line under a long-running family dispute.
A gloomy Monday morning in Manila got a little gloomier. Alex Eala ended he stirring run at the National Bank Open in the Round of 16, where the 21-year-old Filipina fell to former champion and World No. 14 Belinda Bencic, 6-4, 6-0, in Toronto.
The AI in Financial Services Summit held at the Bangko Sentral ng Pilipinas (BSP) complex brought together financial regulators, banking leaders, and technology professionals to promote the responsible development and use of artificial intelligence.
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The Government Service Insurance System (GSIS) will offer emergency loans to members and pensioners affected by Tropical Storm Maymay and enhanced Habagat rains, once affected areas are placed under a state of calamity.
Foreign direct investments flowing into the country slowed during the first five months of 2026, marking a notable drop compared to the same period last year.
Mitsubishi Motors Philippines Corp. is preparing for a bigger Philippine footprint, betting on locally produced hybrid vehicles, higher factory output, and stronger sales as it seeks to turn the country into a more important production and export base.
Electricity rates for Manila Electric Co. customers will edge lower in August as a P9.5-billion regulatory refund offsets higher transmission, tax, and other pass-through charges.
The Philippine Deposit Insurance Corp. is pushing sweeping legislative reforms to modernize the country’s deposit insurance system, including broader coverage, faster claims payment, and new powers to contain financial crises.