Latest News

Business, Tech, Economy and More

Friday, 14 August 2026
49 minutes ago

Bloomberry cuts Q2 loss by 75% as casino earnings improve

Tycoon Enrique Razon Jr.-led Bloomberry Resorts Corp. cut its second quarter net loss by about 75 percent to P345 million from P1.4 billion a year earlier as its Solaire casinos generated more gaming revenue while costs grew at a slower pace.
2 hours ago

Cosco first-half profit up 9% as Puregold, S&R power growth

Lucio L. Co-led Cosco Capital Inc. grew first-half earnings as its grocery businesses benefited from bigger Puregold baskets and increased traffic at S&R, helping offset weaker results from its energy and minerals segment.
2 hours ago

GT Capital first-half income falls 11% as auto demand slows

GT Capital Holdings Inc. saw consolidated net income decline 11 percent to P16.41 billion in the first half from P18.42 billion a year earlier, reflecting slower economic activity and weaker automotive demand.
3 hours ago

Sec. Go pitches Pax Silica to Cebu businessmen, hits ‘fake news’

CEBU CITY—Finance Secretary Frederick Go pitched Pax Silica to Cebuano business leaders as he sought to dispel what he called “fake news” surrounding the U.S.-led initiative, which aims to build a secure global supply chain for the technology and artificial intelligence industries.
3 hours ago

LIVES WELL LIVED | The remarkable ‘ad-ventures’ of Reli German

Reli German, who died on July 8, 2026, at age 86, was perhaps best known for his pivotal role in getting his classmate Joseph “Erap” Estrada elected president in 1998 through the proliferation of Erap jokes and the publication of ERAPtion: How to Speak English Without Really Trial; his involvement as a street parliamentarian in the August Twenty-One Movement, formed following the assassination of Ninoy Aquino; and his significant role in the 1986 EDSA Revolution.
5 hours ago

Kevin Tan-backed AGI first-half profit rises to P16B

Conglomerate Alliance Global Group Inc. kept profit growth intact in a difficult first half, earning P16 billion as gains across property, gambling and spirits showed the advantage of its diversified business empire.
5 hours ago

URC opens ‘Factory of the Future’ to power next phase of growth

Universal Robina Corp. (URC) has inaugurated its Malvar Mega Plant in Batangas as the food and beverage manufacturer marks its 70th anniversary, positioning the facility as a key part of its long-term growth strategy in the Philippines.
5 hours ago

First Philippine Holdings names 18 nominees for 15 board seats

First Philippine Holdings Corp. has nominated five new names to its board slate, putting 18 candidates in contention for just 15 seats at the Lopez-led conglomerate’s upcoming stockholders’ meeting on Sept. 25 this year.
6 hours ago

Shakey’s first-half profit drops 33% as margins tighten

Shakey’s Pizza Asia Ventures Inc. (SPAVI) saw its first-half profit fall by a third as higher costs, store expansion and softer same-store sales squeezed margins despite continued top-line growth.
Advertisement
EDITORS' PICK
Insight to the one percent
© 2024 InsiderPH, All Rights Reserved.