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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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The Sy family-backed BDO Unibank, the country’s biggest lender by assets, opened 2026 with a modest earnings gain, as strong lending and fee-related businesses helped offset heavier provisioning tied to a more cautious risk stance.
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The ongoing Middle East conflict is hitting the real estate sector hard, prompting property giant Ayala Land to shift focus to more stable leasing and hotels to keep financials steady amid the residential slump, tycoon Jaime Augusto Zobel de Ayala said on Thursday.
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The Lopez family majority, undeterred by a potential P24 billion hit in its fight to oust Federico “Piki” Lopez, is calling on regulators and the stock exchange to investigate First Gen’s delayed disclosures.
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A Securities and Exchange Commission (SEC) crackdown on long-tenured independent directors is driving board shake-ups across major firms, forcing companies to overhaul boards or face sanctions.
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