Corporate

First Gen Corp., controlled by the Lopez family, is acquiring a 40 percent equity stake in pumped storage hydropower portfolio Prime Infrastructure Capital Inc., part of billionaire Enrique Razon Jr.’s infrastructure venture, for P75 billion. 

The Department of Energy (DOE) is starting preparations this year for the public bidding of the coal mining rights on Semirara Island, as the contract held by Semirara Mining and Power Corp. (SMPC) expires in July next year.

Jollibee Foods Corp. capped 2025 with record preliminary systemwide sales and its most aggressive store expansion yet, reinforcing its vision to evolve from a Philippine fast food leader into a global multi-brand powerhouse.

A growing share of Asia-Pacific chief executives are preparing to break out of their traditional lanes, as cyber threats, sluggish confidence and long-term viability fears force a strategic reset.

Hanabishi Appliances has launched a Valentine’s Day and Lunar New Year campaign encouraging shoppers to celebrate love and new beginnings through practical gifts.