Philippine firms strengthen presence in Fortune list

The Philippines secured a strong showing in the 2026 Fortune Southeast Asia 500, with 42 companies earning spots on the prestigious ranking, reflecting the growing scale and influence of the country's largest corporations within one of the world's fastest-growing economic regions.

Financial know-how fuels Filipinos’ independence journey

Financial independence has long been a personal aspiration for many Filipinos, but experts say achieving it requires more than earning a higher income. The path often begins with building financial security through greater access to financial services and a stronger understanding of money management.

First Gen independent directors reaffirm support for Prime Infra’s pumped-storage hydro projects

First Gen independent directors reaffirm support for Prime Infra’s pumped-storage hydro projects Energy The independent directors of First Gen Corp. have reiterated their backing for the company’s investment in two pumped-storage hydroelectric (PSH) projects developed by Prime Infrastructure Capital Inc. (Prime Infra). In a statement, the directors said they fully complied with their fiduciary duties, applying independent and objective judgment when reviewing the 600-megawatt Wawa PSH in Rizal and the 1,400-MW Pakil PSH in Laguna. After a thorough assessment, they concluded both projects will bring clear benefits to First Gen and its shareholders. Based on detailed financial reviews, the directors expressed confidence that the estimated P16 billion in annual earnings from First Gen’s 33 percent stake in the facilities is well-supported. Beyond financial returns, the 2,000-MW combined capacity will strengthen the country’s power supply security and lower dependence on imported fossil fuels. As clean, renewable facilities with zero emissions, the projects will also help the Philippines cut carbon output. The directors noted the government has recognized both as Energy Projects of National Significance, with benefits extending to consumers and other stakeholders. At the time of investment, Prime Infra had already advanced key milestones—including financial closing, securing permits, signing supply agreements, and starting construction—at its own cost. These steps reduced typical large-infrastructure risks, justifying the valuation and premium paid, which follows standard mergers and acquisitions practice. They also explained that the requested Change of Management Control clause is common in major energy infrastructure deals, designed to ensure the projects are run by parties with proven technical and operational capability. The agreed valuation of P61.87 billion for the 33 percent stake was deemed fair and reasonable, reflecting the years of work and resources Prime Infra invested to de-risk and develop the projects. “We stand firmly behind our decision to support both projects, which received unanimous approval from the entire First Gen board,” the directors said.

Peace deal gives industry breathing room, time for reforms

The easing of tensions between the US and Iran could provide much-needed relief to Philippine manufacturers, but industry leaders say the opportunity will be meaningful only if it is matched by structural reforms at home.

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Philippine firms strengthen presence in Fortune list

The Philippines secured a strong showing in the 2026 Fortune Southeast Asia 500, with 42 companies earning spots on the prestigious ranking, reflecting the growing scale and influence of the country's largest corporations within one of the world's fastest-growing economic regions.

Financial know-how fuels Filipinos’ independence journey

Financial independence has long been a personal aspiration for many Filipinos, but experts say achieving it requires more than earning a higher income. The path often begins with building financial security through greater access to financial services and a stronger understanding of money management.

First Gen independent directors reaffirm support for Prime Infra’s pumped-storage hydro projects

First Gen independent directors reaffirm support for Prime Infra’s pumped-storage hydro projects Energy The independent directors of First Gen Corp. have reiterated their backing for the company’s investment in two pumped-storage hydroelectric (PSH) projects developed by Prime Infrastructure Capital Inc. (Prime Infra). In a statement, the directors said they fully complied with their fiduciary duties, applying independent and objective judgment when reviewing the 600-megawatt Wawa PSH in Rizal and the 1,400-MW Pakil PSH in Laguna. After a thorough assessment, they concluded both projects will bring clear benefits to First Gen and its shareholders. Based on detailed financial reviews, the directors expressed confidence that the estimated P16 billion in annual earnings from First Gen’s 33 percent stake in the facilities is well-supported. Beyond financial returns, the 2,000-MW combined capacity will strengthen the country’s power supply security and lower dependence on imported fossil fuels. As clean, renewable facilities with zero emissions, the projects will also help the Philippines cut carbon output. The directors noted the government has recognized both as Energy Projects of National Significance, with benefits extending to consumers and other stakeholders. At the time of investment, Prime Infra had already advanced key milestones—including financial closing, securing permits, signing supply agreements, and starting construction—at its own cost. These steps reduced typical large-infrastructure risks, justifying the valuation and premium paid, which follows standard mergers and acquisitions practice. They also explained that the requested Change of Management Control clause is common in major energy infrastructure deals, designed to ensure the projects are run by parties with proven technical and operational capability. The agreed valuation of P61.87 billion for the 33 percent stake was deemed fair and reasonable, reflecting the years of work and resources Prime Infra invested to de-risk and develop the projects. “We stand firmly behind our decision to support both projects, which received unanimous approval from the entire First Gen board,” the directors said.

Peace deal gives industry breathing room, time for reforms

The easing of tensions between the US and Iran could provide much-needed relief to Philippine manufacturers, but industry leaders say the opportunity will be meaningful only if it is matched by structural reforms at home.

Cirtek sells Quintel assets in strategic reset

Listed technology firm Cirtek Holdings Philippines Corp. is divesting a substantial portion of its US-based antenna business in a move that signals a continued effort to streamline operations and sharpen its strategic focus amid evolving conditions in the global telecommunications sector.

VinFast looks at battery subscriptions to drive sales

Vietnamese electric vehicle maker VinFast is introducing a new ownership model in the Philippines, betting that battery subscriptions can make electric motorcycles more affordable and attractive to cost-conscious commuters, delivery riders, and ride-hailing operators.

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Philippine firms strengthen presence in Fortune list

The Philippines secured a strong showing in the 2026 Fortune Southeast Asia 500, with 42 companies earning spots on the prestigious ranking, reflecting the growing scale and influence of the country's largest corporations within one of the world's fastest-growing economic regions.

Financial know-how fuels Filipinos’ independence journey

Financial independence has long been a personal aspiration for many Filipinos, but experts say achieving it requires more than earning a higher income. The path often begins with building financial security through greater access to financial services and a stronger understanding of money management.

First Gen independent directors reaffirm support for Prime Infra’s pumped-storage hydro projects

First Gen independent directors reaffirm support for Prime Infra’s pumped-storage hydro projects Energy The independent directors of First Gen Corp. have reiterated their backing for the company’s investment in two pumped-storage hydroelectric (PSH) projects developed by Prime Infrastructure Capital Inc. (Prime Infra). In a statement, the directors said they fully complied with their fiduciary duties, applying independent and objective judgment when reviewing the 600-megawatt Wawa PSH in Rizal and the 1,400-MW Pakil PSH in Laguna. After a thorough assessment, they concluded both projects will bring clear benefits to First Gen and its shareholders. Based on detailed financial reviews, the directors expressed confidence that the estimated P16 billion in annual earnings from First Gen’s 33 percent stake in the facilities is well-supported. Beyond financial returns, the 2,000-MW combined capacity will strengthen the country’s power supply security and lower dependence on imported fossil fuels. As clean, renewable facilities with zero emissions, the projects will also help the Philippines cut carbon output. The directors noted the government has recognized both as Energy Projects of National Significance, with benefits extending to consumers and other stakeholders. At the time of investment, Prime Infra had already advanced key milestones—including financial closing, securing permits, signing supply agreements, and starting construction—at its own cost. These steps reduced typical large-infrastructure risks, justifying the valuation and premium paid, which follows standard mergers and acquisitions practice. They also explained that the requested Change of Management Control clause is common in major energy infrastructure deals, designed to ensure the projects are run by parties with proven technical and operational capability. The agreed valuation of P61.87 billion for the 33 percent stake was deemed fair and reasonable, reflecting the years of work and resources Prime Infra invested to de-risk and develop the projects. “We stand firmly behind our decision to support both projects, which received unanimous approval from the entire First Gen board,” the directors said.

Peace deal gives industry breathing room, time for reforms

The easing of tensions between the US and Iran could provide much-needed relief to Philippine manufacturers, but industry leaders say the opportunity will be meaningful only if it is matched by structural reforms at home.
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Philippine firms strengthen presence in Fortune list

The Philippines secured a strong showing in the 2026 Fortune Southeast Asia 500, with 42 companies earning spots on the prestigious ranking, reflecting the growing scale and influence of the country's largest corporations within one of the world's fastest-growing economic regions.

Financial know-how fuels Filipinos’ independence journey

Financial independence has long been a personal aspiration for many Filipinos, but experts say achieving it requires more than earning a higher income. The path often begins with building financial security through greater access to financial services and a stronger understanding of money management.

First Gen independent directors reaffirm support for Prime Infra’s pumped-storage hydro projects

First Gen independent directors reaffirm support for Prime Infra’s pumped-storage hydro projects Energy The independent directors of First Gen Corp. have reiterated their backing for the company’s investment in two pumped-storage hydroelectric (PSH) projects developed by Prime Infrastructure Capital Inc. (Prime Infra). In a statement, the directors said they fully complied with their fiduciary duties, applying independent and objective judgment when reviewing the 600-megawatt Wawa PSH in Rizal and the 1,400-MW Pakil PSH in Laguna. After a thorough assessment, they concluded both projects will bring clear benefits to First Gen and its shareholders. Based on detailed financial reviews, the directors expressed confidence that the estimated P16 billion in annual earnings from First Gen’s 33 percent stake in the facilities is well-supported. Beyond financial returns, the 2,000-MW combined capacity will strengthen the country’s power supply security and lower dependence on imported fossil fuels. As clean, renewable facilities with zero emissions, the projects will also help the Philippines cut carbon output. The directors noted the government has recognized both as Energy Projects of National Significance, with benefits extending to consumers and other stakeholders. At the time of investment, Prime Infra had already advanced key milestones—including financial closing, securing permits, signing supply agreements, and starting construction—at its own cost. These steps reduced typical large-infrastructure risks, justifying the valuation and premium paid, which follows standard mergers and acquisitions practice. They also explained that the requested Change of Management Control clause is common in major energy infrastructure deals, designed to ensure the projects are run by parties with proven technical and operational capability. The agreed valuation of P61.87 billion for the 33 percent stake was deemed fair and reasonable, reflecting the years of work and resources Prime Infra invested to de-risk and develop the projects. “We stand firmly behind our decision to support both projects, which received unanimous approval from the entire First Gen board,” the directors said.

Peace deal gives industry breathing room, time for reforms

The easing of tensions between the US and Iran could provide much-needed relief to Philippine manufacturers, but industry leaders say the opportunity will be meaningful only if it is matched by structural reforms at home.

Cirtek sells Quintel assets in strategic reset

Listed technology firm Cirtek Holdings Philippines Corp. is divesting a substantial portion of its US-based antenna business in a move that signals a continued effort to streamline operations and sharpen its strategic focus amid evolving conditions in the global telecommunications sector.

VinFast looks at battery subscriptions to drive sales

Vietnamese electric vehicle maker VinFast is introducing a new ownership model in the Philippines, betting that battery subscriptions can make electric motorcycles more affordable and attractive to cost-conscious commuters, delivery riders, and ride-hailing operators.

Tuna eyes find surprising path to superfoods

A tuna's eyes may not be the most appetizing part of the fish, but scientists are proving they may be among its most valuable. 

Fitch Ratings underscores PAL’s stronger flight path

Philippine Airlines (PAL) has secured a key endorsement from global credit watcher Fitch Ratings, which assigned the flag carrier its first-ever 'BB' Long-Term Issuer Default Rating with a Stable Outlook, highlighting the airline's improved financial resilience and disciplined recovery strategy following years of industry upheaval.

Philippines eyes becoming PNG’s healthcare partner

As healthcare systems across the Pacific face growing pressure from chronic diseases and limited access to specialized treatment, the Philippines is positioning itself as a trusted healthcare partner for Papua New Guinea (PNG).

Megaworld eyes Mindanao growth as ZAMBOECOZONE expands agritourism

Property and hospitality giant Megaworld is exploring expansion opportunities within the Zamboanga City Special Economic Zone and Freeport Authority (ZAMBOECOZONE), signaling growing investor interest in emerging growth corridors outside the country’s traditional urban centers.

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Financial know-how fuels Filipinos’ independence journey

Financial independence has long been a personal aspiration for many Filipinos, but experts say achieving it requires more than earning a higher income. The path often begins with building financial security through greater access to financial services and a stronger understanding of money management.

First Gen independent directors reaffirm support for Prime Infra’s pumped-storage hydro projects

First Gen independent directors reaffirm support for Prime Infra’s pumped-storage hydro projects Energy The independent directors of First Gen Corp. have reiterated their backing for the company’s investment in two pumped-storage hydroelectric (PSH) projects developed by Prime Infrastructure Capital Inc. (Prime Infra). In a statement, the directors said they fully complied with their fiduciary duties, applying independent and objective judgment when reviewing the 600-megawatt Wawa PSH in Rizal and the 1,400-MW Pakil PSH in Laguna. After a thorough assessment, they concluded both projects will bring clear benefits to First Gen and its shareholders. Based on detailed financial reviews, the directors expressed confidence that the estimated P16 billion in annual earnings from First Gen’s 33 percent stake in the facilities is well-supported. Beyond financial returns, the 2,000-MW combined capacity will strengthen the country’s power supply security and lower dependence on imported fossil fuels. As clean, renewable facilities with zero emissions, the projects will also help the Philippines cut carbon output. The directors noted the government has recognized both as Energy Projects of National Significance, with benefits extending to consumers and other stakeholders. At the time of investment, Prime Infra had already advanced key milestones—including financial closing, securing permits, signing supply agreements, and starting construction—at its own cost. These steps reduced typical large-infrastructure risks, justifying the valuation and premium paid, which follows standard mergers and acquisitions practice. They also explained that the requested Change of Management Control clause is common in major energy infrastructure deals, designed to ensure the projects are run by parties with proven technical and operational capability. The agreed valuation of P61.87 billion for the 33 percent stake was deemed fair and reasonable, reflecting the years of work and resources Prime Infra invested to de-risk and develop the projects. “We stand firmly behind our decision to support both projects, which received unanimous approval from the entire First Gen board,” the directors said.

Peace deal gives industry breathing room, time for reforms

The easing of tensions between the US and Iran could provide much-needed relief to Philippine manufacturers, but industry leaders say the opportunity will be meaningful only if it is matched by structural reforms at home.

Cirtek sells Quintel assets in strategic reset

Listed technology firm Cirtek Holdings Philippines Corp. is divesting a substantial portion of its US-based antenna business in a move that signals a continued effort to streamline operations and sharpen its strategic focus amid evolving conditions in the global telecommunications sector.

VinFast looks at battery subscriptions to drive sales

Vietnamese electric vehicle maker VinFast is introducing a new ownership model in the Philippines, betting that battery subscriptions can make electric motorcycles more affordable and attractive to cost-conscious commuters, delivery riders, and ride-hailing operators.