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The IPO will deliver a multibillion-peso payday for global investment funds, executives, and former officers that helped build text-based payments from over two decades ago into the country’s’ biggest financial technology company.
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GCash is preparing to launch what could become the largest initial public offering in Philippine history, with a valuation that would place the fintech giant among the country’s top three banks.
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Tycoon Enrique Razon Jr.’s International Container Terminal Services Inc. has locked in another 26 years at Australia’s largest container port, extending its Melbourne terminal concession to 2066 and removing a key uncertainty over one of its biggest overseas assets.
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Tycoon Manuel V. Pangilinan-led PLDT is targeting an October listing for VITRO REIT, offering investors a stake in the country’s largest data center platform amid booming demand for cloud computing and artificial intelligence (AI).
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PhilWeb Corp. has overtaken tycoon Enrique Razon Jr.’s Bloomberry Resorts Corp. in market value following a P2 billion investment from billionaire Lance Gokongwei.
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A brewing controversy over a proposed P1-billion renovation of the club’s tennis facilities has exposed growing tensions between the club’s current officers and members who believe the project is being pushed through without adequate consultation—and possibly without the approval required for a capital expenditure of such magnitude.
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Sources said the transaction, expected to be announced on Wednesday, June 24, 2026, involves a P2-billion commitment split between a 10-percent stake in common shares and a 5-percent stake in convertible preferred shares.
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Asia Brewery, the beverage arm of Lucio Tan-backed LT Group Inc., is investing P1 billion in a yogurt plant that will reduce reliance on imports and allow wider distribution across the Philippines.
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In a post on X after returning from the Philippines, Zhao said the country has become “one of the most exciting digital asset markets in SEA right now,” noting that it ranks fourth globally in TRM Labs’ Country Crypto Adoption Index.
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