Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has raised its stake in Rizal Commercial Banking Corp. (RCBC), acquiring an additional 4.46 percent equity interest worth P6.4 billion and boosting its total ownership to 24.46 percent.
Binalot Foods Corp., the fast-casual brand famed for meals wrapped in banana leaves, is sharpening its growth playbook as it deepens its Philippine footprint and eyes a return to overseas markets.
State-owned Land Bank of the Philippines has agreed to sell its 2.15 percent stake in Philippine Dealing System Holdings Corp. (PDS) to the Philippine Stock Exchange (PSE) for P80.62 million.
DFNN Inc.’s technology unit, iWave Inc., has been awarded a contract to help upgrade passenger processing systems at Ninoy Aquino International Airport (NAIA) Terminals 1 and 3.
Online sellers received a boost after the Department of Trade and Industry announced it will defer mandatory registration under the Philippine Trustmark program, extending the voluntary phase until December 31, 2026, from the earlier 2025 deadline.
The business process outsourcing firm Foundever has expanded its disability inclusion program, launching a voluntary Self-ID system that allows employees to confidentially share disability and other identity information, alongside nationwide learning sessions marking the International Day of Persons with Disabilities. The initiatives aim to better address workplace barriers and support employees with disabilities.
Enterprises across Asia Pacific are rapidly shifting from AI experimentation to production, with 96 percent planning to increase AI investment by an average of 15 percent in 2026, according to the Lenovo CIO Playbook 2026, commissioned by Lenovo with insights from IDC.
Jose Teodoro “TG” Limcaoco is the President and Chief Executive Officer of the Bank of the Philippine Islands (BPI), a role he assumed in April 2021. He leads one of the country’s oldest and largest banks, chairs key management and credit committees, and oversees BPI’s banking, asset management, insurance, and international subsidiaries. Beyond BPI, he serves as Chairman of the Bankers Association of the Philippines and Philippine Payments Management Inc., making him one of the most influential figures in Philippine banking today.
Century Properties Group Inc. said it has received a pre-effective letter from the Securities and Exchange Commission (SEC) favorably considering the company’s shelf registration of debt securities worth up to P12 billion, a key step toward tapping the domestic bond market.