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Distributor shifts from importer to manufacturer with new Batangas facility

Fly Ace Corp., long known as a distributor of imported food brands in the Philippines, is building a seven-hectare production facility at the LIMA Estate in Batangas. The project marks a major shift in the company’s strategy—from mainly importing and distributing goods to becoming a local manufacturer.

Telco unveils rewards program, turns points into daily essentials

Globe Telecom has unveiled its 2026 Rewards program, underscoring a stronger push to make customer loyalty more meaningful and practical as economic pressures persist.

Jollibee Group, DepEd launch SHS QSR program to boost youth employability

The Jollibee Group has partnered with the Department of Education (DepEd) to co-develop a new Senior High School (SHS) Quick Service Restaurant (QSR) Tech Pro elective under the country’s strengthened SHS curriculum.

DA readies P150-M fuel subsidy as oil nears $80 per barrel; says food supply steady

The Department of Agriculture (DA) said it has set aside P150 million for fuel subsidies if global oil prices average more than $80 per barrel for a month, a trigger meant to cushion farmers, fishers and public transport drivers from rising costs.

San Miguel raises P13B via preferred shares sale

San Miguel Corp. said Thursday it raised nearly P13 billion from the private placement of 173.3 million series 2-M preferred shares.

PSALM eyes cutting inherited burden by yearend

The Power Sector Assets and Liabilities Management Corp. (PSALM) looks to cut its financial obligations to P306.6 billion by the end of the year. Dennis...

Ayala sells majority stake in German auto parts maker 

Ayala Corp. on Tuesday bared selling its majority stake in the German auto parts maker MT Technologies GmbH and focus on its core businesses of real...

Globe bares sharp drop in scam messages

Globe Telecom Inc. on Tuesday reported a 46 percent drop in bank-related scam and spam messages in its network in the first half this...

ERC formally asks Congress to suspend listing rule covering small RE players

The Energy Regulatory Commission (ERC) is asking lawmakers to consider suspending the mandatory listing of energy companies at the local bourse to encourage the entry of more renewable energy (RE) companies.

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Telco unveils rewards program, turns points into daily essentials

Globe Telecom has unveiled its 2026 Rewards program, underscoring a stronger push to make customer loyalty more meaningful and practical as economic pressures persist.

Jollibee Group, DepEd launch SHS QSR program to boost youth employability

The Jollibee Group has partnered with the Department of Education (DepEd) to co-develop a new Senior High School (SHS) Quick Service Restaurant (QSR) Tech Pro elective under the country’s strengthened SHS curriculum.

DA readies P150-M fuel subsidy as oil nears $80 per barrel; says food supply steady

The Department of Agriculture (DA) said it has set aside P150 million for fuel subsidies if global oil prices average more than $80 per barrel for a month, a trigger meant to cushion farmers, fishers and public transport drivers from rising costs.

HD Hyundai expands $2B Philippine shipyard hub

HD Hyundai Heavy Industries is expanding in the Philippines, executing nearly USD2 billion in maritime projects while expanding its industrial footprint in Subic, a top executive announced at the Philippines–Korea Business Forum.
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