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Cebu Landmasters seeks to raise P5 billion via preferred shares follow-on offer

Cebu Landmasters Inc., a listed property developer whose home market is the Visayas and Mindanao, said Thursday it is seeking regulatory approval for a plan to raise as much as P5 billion through the sale of series A preferred shares.

Pagcor set to launch its own internet gaming platform

State-owned Philippine Amusement and Gaming Corp. (PAGCOR) targets to launch its own internet gaming platform in the latter part of the year in a move to be at pace with the fast-growing revenue source.

Pangilinan in no hurry finding PLDT’s new chief executive

PLDT Inc. is confident of finding a new chief executive before the end of the year.

Bill to amend CREATE Act to boost investments, enhance Philippines’ competitiveness

Proposed amendments to the Corporate Recovery and Tax Incentives for Enterprises, or the CREATE Law now pending at the House of Representatives but certified as urgent by President Ferdinand Marcos Jr., should foster more investments and enhance the country’s competitiveness, Colliers Research said Thursday.

MPIC floats tandem bid with SMC for rail line O&M privatization

Metro Pacific Investments Corp. said it is open to jointly bid with San Miguel Corp. for the privatization of the operations and maintenance of Metro Rail Transit Line 3 and Light Rail Transit Line 2.

Just in

Strong El Niño effects seen worsening in 2027; gov’t steps up preparations

The Philippines is already experiencing a strong El Niño, but its impact could worsen in early 2027 as rainfall declines across more provinces, prompting the government to accelerate preparations for possible drought, water shortages and agricultural losses.

AMLC report cited in ill-gotten wealth charge in VP impeachment trial

A tabulation presented by the Anti-Money Laundering Council (AMLC) to the Senate, sitting as an impeachment court, showed covered and suspicious transactions involving Vice President Sara Duterte’s accounts from 2007 to 2025. The records reflected total inflows of P1.41 billion, outflows of P1.06 billion, and P1.26 billion in transactions with undetermined inflow or outflow. The report also showed inflows from China and other countries amounting to hundreds of millions of pesos involving Cale88 Foods Corp., owned by Duterte’s husband, Atty. Manases Carpio, with whom she has an absolute community of property. The AMLC report forms part of the prosecution’s evidence on alleged ill-gotten wealth, as prosecutors contend their salaries and business income are insufficient to explain their accumulated wealth.

Split fuel price adjustments hit pumps; diesel down, gasoline and kerosene up

The various fuel retailers are implementing mixed price adjustments at the pump this week, ending a brief period of across-the-board rollbacks.

Group pushes urgent backing for rooftop project across ASEAN

The Asian Photovoltaic Industry Association calls for stronger regional support for rooftop solar and energy storage as core to building more resilient, flexible power systems.
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