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Salmon Group raises $100 million to expand in the Philippines

The Salmon Group has raised US$100 million in fresh funding, marking a major leap in its push to expand across the Philippines’ fast-growing financial services market. The round was heavily oversubscribed, signaling strong investor confidence in the company’s rapid rise and long-term vision.

Takeda model boosts access, wins dual awards

Takeda Healthcare Philippines, Inc. has secured two top honors at the Healthcare Asia Pharma Awards 2026, earning Most Differentiated Service of the Year – Philippines and Patient Advocacy Program of the Year – Philippines. The recognition highlights a patient access model that is helping more Filipinos complete treatment despite persistent cost and system barriers.

Marcos moves to repatriate Zaldy Co

President Ferdinand Marcos Jr. on Monday said the government is taking all legal steps to secure the return of former Ako-Bicol partylist congressman Zaldy Co, who was apprehended in Prague last week and remains under Czech custody. Marcos said he has directed the Departments of Justice and Foreign Affairs to coordinate with Czech authorities and deploy a high-level team to oversee proceedings, stressing that extradition follows strict legal processes. “We will bring Zaldy Co home and we will do so in accordance with the law,” he said, adding the former lawmaker will answer to the Filipino people.

Loan growth drives BPI Q1 profit, margin gains

Bank of the Philippine Islands (BPI) posted a solid start to 2026, with first-quarter net income rising to P16.9 billion, up 1.7 percent year-on-year and 4.9 percent quarter-on-quarter, supported by stronger lending, wider margins, and resilient fee income.

Lopez feud sparks fight over costly poison pill

A widening family rift inside Lopez Inc. is escalating into a high-stakes corporate battle over provisions that could force listed power generation firm First Gen Corp. to sell key energy assets at a steep discount, potentially wiping out nearly P24 billion in value.

Just in

Manulife Philippines names Santos operations chief

Manulife Philippines has appointed Erica Jurilla Santos as chief operations officer, effective Sept. 15, as the insurer moves to strengthen operational capabilities and accelerate business transformation.

MREIT secures SEC nod for P27B asset deal

MREIT Inc., the real estate investment trust of Megaworld Corp., has secured Securities and Exchange Commission approval for its P27-billion Wave 5 property-for-share swap, clearing the way for its largest asset acquisition and pushing assets under management to about P122 billion.

DOF pushes wider sugar tax, rates up to P40

The Department of Finance (DOF) is pushing a broader and potentially more costly sugar tax, proposing excise rates of up to P20 on beverages using caloric sweeteners and P40 on those containing high-fructose corn syrup.

SM, DMCI revamp Dominion for mining push

SM Investments Corp. and DMCI Holdings Inc. are reshaping Dominion Holdings Inc. as they move to build the listed company into a major Philippine mining group through the consolidation of copper and gold assets.
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