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Tycoon Ramon S. Ang-led San Miguel Corp.’s repeated trips to the stock market have earned it a new nickname from Philippine Stock Exchange president Ramon Monzon.
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The Manuel Pangilinan-controlled power distributor said it will comply with the Energy Regulatory Commission’s latest directive to refund P9.5 billion to customers over a six-month period, with the adjustment expected to appear as a separate line item in electricity bills.
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One of the Philippines’ biggest cement producers is changing hands, with Swiss building materials giant Holcim agreeing to sell its local business to China’s Huaxin Building Materials in a deal valued at $807 million.
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Nowhere is that fragility clearer than in the digital economy's gig sector, now one of the country's largest sources of livelihood: online sellers, delivery riders, drivers, freelancers, hundreds of thousands of families who found opportunity here precisely because these platforms didn't exist under the old rules.
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San Miguel Corp. pulled off the Philippine Stock Exchange’s biggest equity fundraising since the Maynilad Water Services Inc. initial public offering after investors fully subscribed to its preferred share sale.
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ABS-CBN Corp. is keeping its core leadership team intact, with veteran media executive Charo Santos-Concio returning to the board while the company replaces two directors ahead of its annual stockholders’ meeting next month.
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Manila Electric Co. chair and CEO Manuel V. Pangilinan said Energy Development Corp. (EDC) would be a strategic addition to Meralco PowerGen Corp.’s expanding renewable energy portfolio, but stressed his group is not in current talks with the Lopez family.
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Developers today are no longer just selling residential units or office space. Increasingly, they’re creating destinations and experiences. In Iloilo, Megaworld’s bet is that culture can become as much a draw as commerce.
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Paternalism has substantial costs, and they compound quietly over decades. A public that never learns to read a loan disclosure, never learns to walk away from a bad bank, never learns to question anything that "sounds too good to be true" is a warning worth heeding.
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