GCash’s nearly $1-billion IPO is already drawing several billion dollars in institutional demand, giving early backers a lucrative exit as a new wave of global money piles in.

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GCash has come a long way from moving money by text message, with its record IPO now valuing the fintech at P442 billion and placing it among the country’s three most valuable financial firms and even some top conglomerates.

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Tycoon Manuel V. Pangilinan-led Metro Pacific Investments Corp. is tightening its hold on Manila Electric Co. with a P12.4-billion purchase from the utility’s third-largest shareholder, San Miguel Corp.’s power arm.

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It is now official: GCash parent Mynt Inc. will offer its shares to the public at P6.60 apiece, confirming an InsiderPH report more than a week ago that major institutional investors were coming into the landmark initial public offering at that price.

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Dennis Uy’s PH Resorts Group Holdings Inc. has permanently closed Donatela Resort & Sanctuary in Bohol after losing the property to Land Bank of the Philippines after failing to pay a roughly P1 billion loan.

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The company led by Ramon Ang climbed from 42nd place in 2025, when it was already the highest-ranked Philippine company on the annual Forbes World’s Best Employers list, according to a report published by Esquire Philippines.

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One of the Philippines’ oldest business families is making a major bet on the AI boom, with YCO Cloud preparing to bring more than 10,000 of Nvidia’s newest Blackwell Ultra chips to the country.

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Maharlika Investment Corp. chief Rafael “Joel” Consing Jr. is preparing to step down as his three-year term as president and CEO ends.

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Ayala Corp. plans to go bargain hunting with proceeds from Mitsubishi Corp.’s $700-million investment, targeting shares across the group it considers “grossly undervalued.”

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