- SMC, SMIC, Meralco lead 40 PHL firms in Fortune’s SE Asia 500 list
FORTY PHILIPPINE companies have been included in Fortune’s 2025 Southeast Asia 500 list, led by San Miguel Corp. (9th), SM Investments Corp. (25th), Manila Electric Co. (35th), Ayala Corp. (47th), and JG Summit Holdings, Inc. (50th). The list ranks the region’s largest companies by revenue as of end-2024. This marks the second edition of the
- ACEN exits diesel to reach full RE by yearend
ACEN Corp., the listed energy platform of the Ayala group, is divesting its remaining diesel power assets as it aims to achieve full renewable energy (RE) generation by the end of 2025. In a regulatory filing on Tuesday, ACEN said its executive committee had approved the sale of the company’s ownership interests in three special
- CEB inks engine maintenance deal with Pratt & Whitney
BUDGET carrier Cebu Pacific (CEB), operated by Cebu Air, Inc., has signed a 12-year engine maintenance agreement with American aerospace manufacturer Pratt & Whitney to support the optimization of its expanding fleet. In a stock exchange disclosure on Tuesday, the airline said the long-term agreement covers comprehensive support for its fleet of geared turbofan (GTF)
- DMCI Homes taps Meralco’s MPower for power supply
DMCI HOMES, Inc. has tapped MPower, the retail electricity supplier of Manila Electric Co. (Meralco), to supply power to its properties in Taguig and Mandaluyong, making it the first real estate firm to participate in the retail aggregation program (RAP). DMCI Homes consolidated the demand of the common areas of its Rosewood Pointe Condominium in
- SEC chief vows stricter AML rules post-EU delisting
THE Securities and Exchange Commission (SEC) will strengthen measures to combat money laundering and terrorism financing in the corporate sector following the Philippines’ removal from the European Commission’s (EC) list of high-risk jurisdictions, its chairperson said. “As the overseer of the corporate sector and the capital market, the SEC will continue adopting best practices in
- East Bay plant upgrade on track, says Manila Water
EAST ZONE concessionaire Manila Water Co., Inc. is nearing the completion of a key infrastructure component that is expected to enhance the water service reliability of its East Bay Phase 2 Water Treatment Plant. In a statement on Tuesday, Manila Water said the raw water intake structure for the facility has reached a 92% progress
- CMIC to release shares to Equitiworld clients
THE Capital Markets Integrity Corp. (CMIC) will release verified shares to eligible customers of Equitiworld Securities, Inc. after securing approval from the Securities and Exchange Commission (SEC). CMIC, the market regulation arm of the Philippine Stock Exchange (PSE), said it had secured approval from the SEC to release shares to the affected customers, according to
- PAL expands cargo business, prepares port-to-door delivery service
FLAG CARRIER Philippine Airlines (PAL), operated by PAL Holdings, Inc., is expanding its cargo services as it seeks to tap growing demand and broaden its logistics footprint. “In today’s digital-first economy, our revitalized business reflects PAL Cargo’s support for digital innovation, broader reach, and tailored logistics solutions that help local entrepreneurs grow and compete in
- How PSEi member stocks performed — June 17, 2025
Here’s a quick glance at how PSEi stocks fared on Tuesday, June 17, 2025.
- Aboitiz group takes over Bohol airport
ABOITIZ INFRACAPITAL, Inc., the infrastructure arm of the Aboitiz group, has officially taken over the operations and maintenance of the Bohol-Panglao International Airport (BPIA), with the first set of upgrades scheduled for the second half of the year. “This project is about more than infrastructure — it’s about enabling tourism, empowering local economies, and creating