Corporate

Chowking didn’t just celebrate its 40th birthday—it practically threw a victory parade, marching into its milestone year with 40 major awards from the country’s most respected marketing, creative, digital, and industry organizations. If anniversaries had mic drops, this would be one.

Repower Energy Development Corp. (REDC) has officially opened its 18.2-megawatt Pulangi Hydropower Plant, located between Valencia City and San Fernando in Bukidnon. The facility was inaugurated by company leaders alongside officials from the Department of Energy (DOE), the Power Sector Assets and Liabilities Management Corporation (PSALM), and partner organizations.

Panasonic Manufacturing Philippines Corp. is pouring roughly P3 billion into a new factory at the Laguna Technopark in Santa Rosa, marking one of the company’s biggest local expansions in recent years as it strengthens its manufacturing footprint in the country.

The Securities and Exchange Commission (SEC) has canceled the registration of two construction companies owned by the Discaya family, who are linked to a flood-control corruption probe.

The recovery of ABS-CBN, already slow and painful, has only gotten more challenging after TV5 issued a notice of termination of its TV Content Supply Agreement—a move that threatens to shut a major broadcast distribution avenue for the listed entertainment company and underscores its financial fragility since it lost its franchise in 2020.