San Miguel Corp. (SMC), one of the Philippines’ largest conglomerates, announced that its power unit, San Miguel Global Power Holdings Corp., has finally acquired a long-contested 3.9 percent stake in Manila Electric Co. (Meralco), nearly two decades after first attempting the deal.
Bank of Commerce (BankCom), an affiliate of San Miguel Corp., has approved a 79 percent increase in cash dividends for common shareholders, totaling P631.4 million, following its record P3-billion profit in 2024.
More than 200 leaders from business, government, academe, and civil society gathered at the University of the Philippines BGC Campus in Taguig City for a conference aimed at turning national development plans into concrete action.
Jaime Augusto Zobel de Ayala, chairman of Ayala Corp., struck a cautiously optimistic tone on the Philippines’ economic outlook, projecting a rebound as near-term risks begin to ease and structural strengths remain intact.
VITRO Inc. announced that its VITRO Santa Rosa (VSR) facility has achieved TIA-942 Rated 3 Facility Certification, confirming that the data center is designed to operate बिना interruptions even during maintenance or repairs.
Ambassador ENDO Kazuya has highlighted the growing opportunities for infrastructure development in the Philippines, particularly through public-private partnerships (PPP), during the Japan-Philippines Business Dialogue on Infrastructure and PPP Opportunities.