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DigiPlus Interactive Corp., the online gambling leader chaired by tycoon Eusebio Tanco, is in talks to acquire billionaire Ramon S. Ang’s Diamond Hotel Philippines in line with plans to transform the Manila Bay site into a $1 billion gaming complex.
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The Gokongwei family-controlled firm is pushing back against concerns raised by foreign fund manager GAM Investments about the former’s planned tender offer, underscoring that this and the voluntary delisting are grounded in independent valuation and full board approval.
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Speculation over global K-pop sensation BTS performing at the SMDC Festival Grounds for its 2027 Philippine leg has resurfaced weeks after it was dismissed by event organizer Live Nation Philippines.
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Amando Tetangco Jr. sits at the apex of one of the Philippines’ largest conglomerates as an outlier. At SM Investments Corp., he is the only non-family member to chair a family-owned group. It is an arrangement that remains unique in the local corporate landscape.
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Ayala Land Inc. is in no rush to redevelop the iconic ABS-CBN property, which it purchased last year as the property giant recalibrates its expansion agenda during a volatile period for real estate.
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Tycoon Ramon S. Ang-led Petron Corp.’s court victory over state-run Philippine National Oil Co. (PNOC) turned into a last-minute standoff after the state firm refused to accept payment, forcing the court to step in and complete the transfer of key assets.
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Three weeks into the fire at the Navotas landfill, it has become clear that what is happening is the predictable outcome of a long chain of bad decisions, culminating in the failure of a firm called Philippine Ecology Systems Corp. (Phileco) to properly close and rehabilitate a site it operated for more than two decades.
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Manila Electric Co. (Meralco) pushed back against social media claims that it is imposing “additional” charges on electricity bills, saying the items being flagged are government-mandated costs passed through to consumers.
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A report from ST Telemedia Global Data Centres (STT GDC) found that 79 percent of local organizations are already deploying early AI solutions, yet only 2 percent have advanced to more integrated, enterprise-wide use.
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