SM Hotels eyes strong growth with 7 hotels
SM Hotels and Convention Corp., the hospitality arm of SM Prime Holdings Inc., is set to significantly expand its national footprint, unveiling plans to launch seven new hotels by the end of 2029. This aggressive five-year expansion will increase its hotel count from 10 to 17 and raise room capacity by 51 percent, to 3,923 from 2,602 rooms.
FDI inflows drop 28% in March amid investor caution
The country's foreign direct investment (FDI) posted net inflows of US$498 million in March 2025, a 27.8 percent drop from the US$689 million posted a year earlier, according to data released by the Bangko Sentral ng Pilipinas (BSP).
Empire East bets on transit hubs in P25-B residential push
Empire East Land Holdings Inc., a subsidiary of Megaworld Corp., announced on Tuesday a P25-billion capital expenditure plan over the next five years, targeting the development of residential communities anchored on master-planned, transit-oriented locations.
Tiu Laurel seeks Congress backing to revive NFA powers
The Department of Agriculture (DA) will urge the new Congress, which convenes in late July, to restore key powers to the National Food Authority (NFA) in a bid to revitalize its financial and logistical capabilities and help improve rice farmers' profitability.
Converge director Francis Lim resigns to lead SEC
Converge ICT Solutions Inc. (PSE: CNVRG) has officially accepted the resignation of Atty. Francis Ed. Lim from its board of directors, effective 9 June 2025, following his appointment as chairman of the Securities and Exchange Commission (SEC) by President Ferdinand R. Marcos Jr.
