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Philippine stocks advanced as fresh optimism on economic growth revived investor appetite and drove foreign buying higher.
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Troubles at MediaQuest are far from over after tycoon and PLDT boss Manuel V. Pangilinan ordered an audit of the company’s finances following the exit of CEO Jane Basas last week.
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PhilWeb Corp. has struck a deal with Hann Casino, the country’s largest integrated resort outside Manila by revenues, to run its online gambling business.
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Megaworld has pulled off a quiet but consequential coup in the property sector, luring a senior executive from Ayala Land in a move that underscores how serious Andrew Tan’s group is about scaling up its office business outside Metro Manila.
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Ports and gaming tycoon Enrique Razon Jr. has filed a cyber libel complaint against Cavite Rep. Francisco “Kiko” Barzaga, accusing the lawmaker of spreading false and damaging allegations on social media that linked him to corruption in Congress and bribery ahead of the 2025 elections.
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Alternergy Holdings Corp. is set to activate its ‘triple play’ portfolio in 2026, marking a major milestone for one of the Philippines’ renewable power pioneers. The company expects four projects across wind, solar, and run-of-river hydro, with a combined capacity of 225 MW, to begin commercial operations within the year.
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Aboitiz Foods, the food group of Aboitiz Equity Ventures Inc. (AEV), has completed the acquisition of Diasham Resources Pte. Ltd., a Singapore-based maker and distributor of animal nutrition and health products.
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Sources confirm that Basas has stepped down as president and CEO of Mediaquest, the holding firm that houses the Manuel Pangilinan group’s media assets, including TV5. She has reportedly cleared out her office at the TV5 headquarters in Pasig City. That is usually a sign that the decision was neither drawn out nor provisional.
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One of Makati City’s largest real estate deals fizzled out after Ayala Land and the Asian Institute of Management failed to reach an agreement for the purchase of land that’s home to the country’s leading business school.
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