Tycoon Edgar Saavedra’s Megawide Construction Corp. will receive P9.4 billion from parent Citicore Holdings Investment Inc. and sister firm Citicore Power Inc. to settle long-overdue obligations.
Tycoon Enrique Razon Jr.’s Manila Water Company Inc. is exiting its investment in Thailand with the sale of its stake in Eastern Water Resources Development and Management Public Company Ltd.
IKEA Philippines is doubling down on affordability to widen its customer base, permanently reducing prices by up to 20 percent on 400 of its most popular home items starting Aug. 19, 2025.
The Lopez-led ABS-CBN Corp. and Zobel-backed Ayala Land Inc. on Wednesday signed the deed of absolute sale for most of the network’s land in Quezon City.
Slower earnings growth is settling in across the banking sector, prompting leaders like Bank of the Philippine Islands to pursue active diversification across broader consumer and corporate markets.
Converge ICT Solutions Inc., the Philippines’ largest pure fiber internet provider, is preparing for major strategic moves as it repositions itself from a broadband giant to a full-fledged technology company.