Conglomerates San Miguel Corp. and Metro Pacific Investments Corp. are moving closer to combining their toll road businesses, a deal that would create a network carrying nearly 1.8 million vehicles a day across hundreds of kilometers of expressways in Luzon and Cebu.
Following a rate reduction in May, Manila Electric Co. (Meralco) increased electricity rates for June, citing higher generation costs driven by elevated wholesale electricity prices, rising fuel costs and the continued depreciation of the peso.
Growth remains the primary objective for many micro, small, and medium enterprises (MSMEs) in the Philippines, but financing constraints continue to limit expansion efforts, according to fintech lender Skyro during the 18th Philippine SME Business Expo in Manila.
Cebu Pacific is expanding its efforts to promote the Philippines abroad, using large-scale marketing campaigns to attract more international visitors and strengthen the country’s visibility in key travel markets.
The company disclosed that the 680-room Hotel101-Madrid reached 100 percent occupancy on June 10, its third month since opening on March 10, with all rooms sold out before the close of the day. The hotel has also recorded several full-occupancy performances in recent weeks, reflecting sustained demand for the property.
Ayala Corp. retained its A- investment-grade rating from the Japan Credit Rating Agency (JCR), a vote of confidence that helps preserve the conglomerate’s access to funding as market uncertainty continues to pressure corporate borrowers.
Three decades after opening its first store in Hong Kong, Jollibee continues to resonate with local diners, underscoring the Filipino fast-food giant's staying power in one of Asia's most dynamic culinary destinations.
MANDAUE CITY, Cebu — Cebuanos will be treated to a full IKEA experience when the Swedish furniture retailer opens its first Visayas branch at Ayala Malls Gatewalk in Mandaue City this December.
Media giant GMA Network has nominated former chief justice Reynato S. Puno and veteran banker Enrico S. Cruz as independent directors, bringing legal and capital markets expertise to the broadcaster’s board.