Corporate

Emperador Inc., the liquor unit of billionaire Andrew Tan’s Alliance Global Group, is repositioning its brandy portfolio toward the lower-priced segment in a bid to recover from a difficult 2024, where net income dropped sharply on the back of weakening global demand and continued investment spending.

Subic Water and Sewerage Company, Inc. and the Subic Bay Metropolitan Authority (SBMA) have signed an agreement that extends Subic Water’s franchise by another 20 years, ensuring the continued delivery and expansion of vital water and wastewater services in the freeport until 31 March 2047.

Mang Inasal founder Injap Sia and Jollibee founder Tony Tan Caktiong marked a major milestone on April 11 with the topping-off of the 680-room Hotel101-Madrid—just 11 months after construction began. The hotel is set to open in December 2025, in time for the highly anticipated Formula 1 Grand Prix in Madrid.

SteelAsia Manufacturing Corp. has signed a landmark agreement with Italian metals technology leader Danieli Co. Ltd. to build the country's first heavy steel sections mill in Candelaria, Quezon — a P30 billion investment poised to reshape the country’s construction and manufacturing landscape.

Ginebra San Miguel Inc. (GSMI), the world’s largest gin maker, is accelerating its sustainability efforts by eliminating plastic pourers from its entire product portfolio—a major step in reducing its plastic footprint.