The Philippines has joined the ranks of Malaysia, Thailand, China, Indonesia, Brazil and Mexico after the World Bank upgraded the country to upper-middle income status under the Marcos administration.
Is the Jollibee brand now worth more than the company that owns it? It appears so, at least according to one of the world’s leading brand valuation firms.
Metro Pacific Health Corp. is closing in on the 5,000-bed mark after acquiring two hospitals south of Manila, further strengthening its position as the country’s largest private hospital network.
West Zone concessionaire Maynilad Water Services Inc. said it has strengthened its water supply system and risk mitigation measures to cushion the possible effects of El Niño and reduced raw water allocation, as water levels at Angat Dam continue to decline.
San Miguel Corp. said P1.43 trillion, or about 95 percent of the P1.5 trillion it generated in revenue last year, flowed back into the Philippine economy, according to its latest Sustainability Report.
CEBU CITY— The Cebu Bus Rapid Transit (CBRT) project has undergone a major restructuring, primarily to align its scope with reduced financing after the World Bank canceled nearly $85 million in loan proceeds.
The Government Service Insurance System (GSIS) has quietly built a roughly 7.5 percent stake in tycoon Edgar Saavedra’s Ciicore Renewable Energy Corp., one of the country’s fastest-growing renewable energy firms.
Hotel101 Global is expanding deeper into Southeast Asia after signing a binding agreement to build what is expected to become one of Bangkok’s three largest hotels by room count.
It was through the 2023 exhibit “Private Art, Public Lives” at Salcedo Auctions that veteran banker Edwin Bautista — then with UnionBank and now CEO of Philippine National Bank — made his public debut as a discerning collector of fine art and antiques, pre-colonial and Spanish colonial pieces, religious folk art, and objets d’art.