DOE bares potential sites of 7 nuclear power plants
MANILA, Philippines — Four years after President Ferdinand Marcos Jr. first called for a fresh look at nuclear power, the country is moving closer to a decision on whether, where and how to build its first operating nuclear power plant. The…
Foreign investors coming to scout Luzon
MANILA, Philippines — A 600-strong delegation of international investors, industry leaders, project developers and government officials is coming to Manila in September to scout opportunities within the Luzon Economic Corridor (LEC), which …
PH secures $230-M French fund for blue economy project
MANILA, Philippines — The Philippine government has secured another 200 million euros ($230 million) in financing from French development agency Agence Française de Développement (AFD), this time for a program aimed at protecting marine eco…
PH missing out on AI boom–Capital Economics
MANILA, Philippines — The Philippines is neither benefiting significantly from the global artificial intelligence (AI) boom nor well positioned to capture the productivity gains that wider adoption could bring, leaving the country at risk o…
First Gen ‘ripe’ for delisting amid KKR buyout offer
MANILA, Philippines — United States-based equity firm Kohlberg Kravis Roberts & Co. (KKR) made an offer to hike its stake in Lopez-led First Gen Corp., a move that should be “seriously” considered, as this could open doors for the energ…
ALI weakness pulls down Ayala first-half profit
MANILA, Philippines — Ayala Corp.’s core earnings fell in the first half of 2026 as weakness at property arm Ayala Land Inc. (ALI) weighed on the conglomerate, just as the developer lost its place in a key MSCI benchmark. The Zobel family-l…
Why strategy fails even when everything looks right
On paper, companies are logically consistent: • They define a value proposition; • They design an operating model; • They build governance systems; • They track performance rigorously. Yet execution still breaks down. Not randomly, but pred…
Who’s next? TOYM search for new generation of change makers is on
MANILA, Philippines — Long before Manuel V. Pangilinan became one of the country’s most influential business leaders, his name had already made it to a distinguished roster of young Filipinos. The same is true for business leaders Lance Gok…
PhilWeb expands capital stock to P3.6B
MANILA, Philippines — PhilWeb Corp. is raising its authorized capital by P1 billion to P3.6 billion to accommodate tycoon Lance Gokongwei’s P2.03-billion investment and other capital-raising activities. In a stock exchange filing on Thursda…
Shakey’s H1 profit falls 33% to P232M
MANILA, Philippines — Shakey’s Pizza Asia Ventures Inc. saw its first-half profit fall by a third as softer consumer spending, store expansion costs and the restructuring of its Peri-Peri network weighed on earnings. The restaurant and food…
Iñigo Zobel moves controlling Top Frontier stake in P11.2-B deal
MANILA, Philippines — Tycoon Iñigo Zobel has moved nearly his entire controlling stake in Top Frontier Investment Holdings Inc., the parent of San Miguel Corp., to his wholly owned private holding company in a P11.2-billion block transactio…
Puregold sales growth lifts H1 profit to P5.87B
MANILA, Philippines — Grocery retailer Puregold Price Club Inc. grew first-half net income 10.8 percent as stronger sales at its Puregold and S&R businesses boosted earnings. The Lucio Co-led firm said Thursday that consolidated net inc…
Store expansion lifts 7-Eleven H1 profit to P1.84B
MANILA, Philippines — Philippine Seven Corp. (PSC), the local operator of 7-Eleven stores, grew first-half net profit by 3.8 percent as stronger sales and store expansion offset higher operating and interest expenses. On Thursday, PSC said …
Philippines lifts poultry ban on Japan
MANILA, Philippines — The Department of Agriculture (DA) lifted the temporary ban on poultry imports from Japan after officials declared the East Asian country free of bird flu. The DA issued Department Circular No. 40, resuming imports of …
Global Ferronickel doubles first-half profit to P1.24B
MANILA, Philippines — Global Ferronickel Holdings Inc. doubled its first-half net income to P1.24 billion from P617 million a year earlier, as higher nickel prices and sales volumes lifted revenues. The listed mining company said revenues r…
PLDT banks on late rebound after flat H1
MANILA, Philippines — PLDT Inc. is banking on a stronger second half after first-half core income held steady at P17.3 billion, as data and broadband growth offset declines in legacy services and telecom operations. In its first-half result…
US dairy exports to PH resilient despite global risks
MANILA, Philippines — The United States anticipates that dairy exports to the Philippines will remain robust despite geopolitical risks and supply chain disruptions, according to the US Dairy Export Council (USDEC). “We do anticipate that&n…
SSS eyes global market as investments reach P1.27T
MANILA, Philippines — The Social Security System (SSS) posted P1.27 trillion in consolidated investments in the first half, giving it more room to expand into foreign markets. The state-run pension fund allocated the amount across domestic-…
Filinvest first-half profit slips to P7.36B
MANILA, Philippines — Filinvest Development Corp. (FDC) reported a slight decline in its first-half attributable profit as weaker earnings from its banking business offset gains from its property and hospitality segments. On Thursday, the G…
Gov’t told: Sugary drink tax hike must be science-based
MANILA, Philippines — One of the largest food manufacturers in the Philippines expressed its openness to the government’s plan to raise taxes on sugary drinks, but emphasized that any increase should rely on scientific evidence and consider…