The United States is strengthening its foothold in Subic Bay by supporting the expansion of ship-repair capacity at one of the Philippines’ most strategic maritime hubs.
Taipan Lucio Tan’s Philippine Airlines grew first-half revenue by 5.9 percent to $1.75 billion as higher fares, stronger cargo sales and ancillary income helped the flag carrier navigate a sharp increase in fuel prices.
Pax Silica has stirred intense debate in recent weeks, culminating in the House of Representatives’ call for an investigation in aid of legislation into the Philippines’ participation in the US-led initiative.
Relief may be emerging for Philippine businesses after months of geopolitical disruptions pushed up shipping costs, fuel prices, and currency volatility, but Rizal Commercial Banking Corp. (RCBC) said companies should remain vigilant as pressures built up over months of conflict will not unwind overnight.
Ayala Land’s sudden move to cancel a Katipunan project and pause a flagship Makati launch is offering a rare inside look at how one of the country’s top developers is responding to a fast-changing market.
A volatile business environment shaped by global forces beyond anyone’s control is back in focus. For crisis-tested banks, it’s a familiar situation and fortunately a playbook is already in hand.
Ayala Corp. warned rising interest rates and inflation could weigh on the consumer market, potentially threatening profit goals after a record year and prompting the country’s oldest conglomerate to dial back aggressive expansion.
The energy crisis spurred by the Middle East conflict is driving demand for more stable and predictable energy, creating a tailwind for ACEN Corp. as customers shift away from volatile fuel sources.