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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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Cebu hub ascends as Philippines’ transfer kingpin

Mactan-Cebu International Airport is tightening its grip as the country’s second-busiest gateway—and increasingly, its most efficient transfer hub—linking travelers across Luzon, Visayas, and Mindanao with growing speed and precision.

Eala serves Manila a sunny Sunday stunner

Alex Eala served Manila its Sunday headline hot and early, with coffee brewing and pandesal fresh from the oven, dishing out a crisp 6-3, 7-6 win over Magda Linette to punch her ticket to the Round of 16 of the Miami Open.

Filipinos urged to invest in protection, insurers expand digital partnerships

Filipinos are encouraged to invest more in life insurance as protection against financial risks, while the insurer Pru Life UK ramps up digital partnerships to widen access and improve coverage.

MPTC, KaBiyahe expands rebates to more Luzon tollways

Metro Pacific Tollways Corp. (MPTC) is widening its KaBiyahe Rebate Program to more Luzon expressways, aiming to cushion transport operators from rising fuel costs and steady the movement of essential goods.

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