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The Lopez family majority has asserted control at Lopez Inc., backing the ouster of Federico “Piki” Lopez, who heads the group’s sprawling power business, on alleged governance concerns and loss of trust.
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As economic uncertainty continues to influence Filipino households, Metrobank is promoting a back-to-basics approach to money management through its H.A.N.D.S. framework—five practical actions designed to help individuals stay financially stable.
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Philippine stocks opened the week sharply lower, with property giant Ayala Land leading declines among blue chips as it fell 7.3 percent, sending the property giant to its lowest level in 14 years.
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To many Filipinos, tycoon Ramon S. Ang’s offer to sell back fuel retail and refining giant Petron Corp. to the government feels like déjà vu.
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San Miguel Corp. chair and CEO Ramon Ang has renewed his offer to sell the country’s largest petroleum refiner and retailer back to the Philippine government, reviving a proposal first raised in 2021 as policymakers revisit state control of strategic energy assets.
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Cebu Pacific, the country’s biggest airline by fleet size and passenger volume, said it is confident in its ability to navigate emerging fuel supply risks as pressure builds across the aviation sector.
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Asialink Group of Companies has secured a P5-billion corporate notes facility from a consortium led by UnionBank, with Landbank and EastWest participating, in a move aimed at accelerating financing support for micro, small, and medium enterprises across the Philippines.
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Tycoon Isidro Consunji said the group is bracing for rising fuel costs, warning that the worsening supply-driven shock could prove more disruptive to the economy than the pandemic that brought businesses to a standstill a few years ago.
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AirAsia Philippines, one of the country’s biggest airlines, could face significant operational disruptions as nearly P1 billion in unpaid government dues threatens its licenses and airport access, the Civil Aviation Authority of the Philippines warned on Monday.
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