Corporate
San Miguel finalizes long-delayed Meralco deal
San Miguel Corp., one of the country’s largest conglomerates, has completed a long-delayed transaction to acquire 1.03 million shares of Manila Electric Co. from the Land Bank of the Philippines.
Jollibee, DepEd roll out industry-based senior high curriculum
The Jollibee Group has formalized an agreement with the Department of Education (DepEd) to co-develop a specialized Quick Service Restaurant (QSR) curriculum for senior high school (SHS) students under the Technical-Vocational-Livelihood (TVL) track.
Peninsula Manila Goes Green with MPower Deal
MPower, the retail electricity arm of Manuel V. Pangilinan-led Meralco, has signed a new renewable energy supply contract with The Peninsula Manila, marking a major step in the five-star hotel’s decarbonization strategy.
Mastercard names new Asia Pacific president
Mastercard has announced a significant leadership transition in its Asia Pacific operations, with Ari Sarker stepping down as president, Asia Pacific, at the end of 2025. After over a decade in the role, Sarker will assume an advisory position, focusing on strategic initiatives and mentoring to ensure a smooth handover.
DALI operator Hard Discount posts wider losses despite revenue surge
Hard Discount Philippines Inc. (HDPI), operator of the fast-expanding DALI Everyday Grocery chain, reported a deeper net loss of ₱1.97 billion in 2024, slightly higher than the ₱1.9 billion loss in 2023, despite a strong 52 percent jump in revenues to nearly ₱34 billion.
