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MREIT targets million-square-meter portfolio ahead of schedule  

Megaworld-backed MREIT is accelerating its expansion plans, with the company aiming to grow its gross leasable area (GLA) portfolio to at least one million square meters by 2027 — three years ahead of its original target.

DHSUD deploys officials to clear housing backlogs

The Department of Human Settlements and Urban Development (DHSUD) has launched a nationwide intervention to address mounting delays in housing-related transactions, deploying top officials and undersecretaries to all 17 regional offices following an internal audit that traced processing bottlenecks to the field level rather than the agency’s Central Office.

PLDT moves to fully acquire Radius Telecom for P2.94B

PLDT Inc. is set to take full control of Radius Telecoms Inc. after its board approved the acquisition of the remaining 65.1 percent stake in the broadband infrastructure provider from Paragon Vertical Corp. for P2.94 billion.

Security Bank profit rises amid higher provisions

Security Bank Corp. posted stronger first-quarter earnings as higher revenues and tighter cost controls boosted core profitability, even as the lender increased provisions to cushion against evolving market risks.

PLDT profit up in Q1 as data fuels growth

PLDT Inc. posted a modest earnings increase in the first quarter of 2026 and signaled disciplined spending for the year, as strong demand for data, broadband, and enterprise digital services offset lingering weakness in legacy businesses.

Just in

CLI sells nearly 70% of Casa Mira project in Ormoc

Cebu Landmasters Inc. has sold nearly 70 percent of the units at its Casa Mira Prime Ormoc housing development within two weeks of its public launch, extending the Visayas-based developer’s run of strong sales in the Leyte city.

Philippines explores Norway’s system to boost plastic recovery

The Philippines is exploring Norway’s deposit-return system for beverage containers and advanced recycling technologies as it seeks to close gaps in plastic waste recovery and help businesses meet obligations under its Extended Producer Responsibility (EPR) law.

Alsons Power accelerates renewables as Mindanao supply tightens

Alsons Power Group is accelerating its renewable energy expansion as Mindanao confronts a narrowing electricity supply buffer, with projections pointing to the potential exhaustion of excess generation capacity by 2028 amid sustained demand growth.

PAGCOR plans P20B casino sale amid overhaul

The Philippine Amusement and Gaming Corp. plans to sell all 35 casinos it owns or operates under its license, seeking to raise at least P20 billion while shedding a loss-making business that could cost it P7 billion this year as it separates its commercial operations from its regulatory functions.
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