Events, concerts drive Mall of Asia visitor surge
Something electric happening at the Mall of Asia Complex, and it is not just the fireworks. SM Prime Holdings Inc., one of Southeast Asia’s largest integrated property developers, saw a 15 percent rise in foot traffic during the first quarter of 2025, drawing in a whopping 34.5 million visitors.
Tanduay beats Bacardi, Captain Morgan in global sales race
Tanduay, the flagship rum brand owned by Filipino tycoon Lucio Tan, has once again been recognized as the world’s top-selling rum, achieving the title for the eighth consecutive year, according to the 2024 Millionaires’ Club report by Drinks International.
PH renews MRT-3 deal with Sumitomo ahead of system privatization push
The Department of Transportation (DOTr) will extend its maintenance contract with Japan’s Sumitomo Corp. for the MRT-3, signaling continuity in operations ahead of the planned privatization of the system's operations and maintenance (O&M).
Court of Appeals orders P28.49B Hacienda Luisita compensation
The Court of Appeals (CA) has ordered the Department of Agrarian Reform (DAR) and the Land Bank of the Philippines to pay Hacienda Luisita Inc. a total of P28.49 billion for the 4,500 hectares of sugarcane land taken by the government and distributed under its agrarian reform program.
New PSE-CFO deal targets OF financial empowerment
The Philippine Stock Exchange Inc. (PSE) and the Commission on Filipinos Overseas (CFO) have signed a partnership to promote capital market participation among overseas Filipinos (OFs), an event with both commercial and development implications for the country’s equities market.
