Latest Business News

Robinsons Retail Holdings, Inc. (RRHI), the retail arm of the Gokongwei group, will close its 11 No Brand standalone stores across the Philippines by the end of June. “The decision reflects evolving consumer preferences and how customers are choosing to shop across our retail formats,” RRHI President and Chief Executive Officer Stanley C. Co said

By Ashley Erika O. Jose, Reporter THE DEPARTMENT of Transportation (DoTr) will implement adjusted airport-related charges, including terminal fees and landing and takeoff fees, for airports operated by the Civil Aviation Authority of the Philippines (CAAP) starting April 1, amid rising fuel prices. “In order to help passengers and airlines, and to stabilize airfares, we

PHILIPPINE STOCK EXCHANGE (PSE) President Ramon S. Monzon said investors are in a “very risk-off mode” amid the Middle East conflict, adding that oil prices, currently at $131.97 per barrel, would need to fall to around $80 to signal a return to market stability. “I think we need to see oil back at the $80

DMCI HOLDINGS, Inc. executives said capital expenditures (capex) will remain unchanged despite higher oil prices linked to the Middle East conflict, although the company may review operating costs and project timelines. “I think the committed capex will just keep going, no change in plans,” Isidro Consunji, DMCI Holdings chairman and chief executive officer, said during

THE Civil Aviation Authority of the Philippines (CAAP) has directed low-cost carrier Philippines AirAsia, Inc. to settle unpaid obligations, including airport fees and unremitted passenger charges totaling P833.66 million. “The Civil Aviation Authority of the Philippines confirms that it has issued a collection letter to AirAsia Philippines regarding its outstanding account, as part of its

FORUM EXPLORATION, INC. (FEI), an indirect subsidiary of Pangilinan-led upstream oil and gas exploration firm PXP Energy Corp., will convert P561 million of its debt into new common shares to be issued to Forum Energy Philippines Corp. (FEPCO). In a regulatory filing on Tuesday, PXP said FEI will issue 561 million new common shares at

NAPOLEON L. NAZARENO, who served as president of PLDT Inc. and its unit Smart Communications, Inc., has died at 77. Mr. Nazareno’s family announced his passing on Tuesday following a spontaneous intracranial hemorrhage, according to a Facebook post by his daughter, Apple Nazareno. “Polly will be remembered for his kind heart, quiet strength, and remarkable

BUSINESSES and policymakers must rethink how they operate to stay competitive in “Global 2.0,” a new era where resilience matters more than cost efficiency and artificial intelligence (AI) becomes part of everyday infrastructure. According to Navigating Technological and Geopolitical Transformation, a report from the inaugural IEX Berkeley Collider Summit co-organized by the IE School of

PLDT INC. said its wireless arm, Smart Communications, Inc., has partnered with EdgePoint Towers Inc. to deploy solar-powered telecommunications towers across the country. “Ensuring reliable connectivity is our foremost priority, especially in communities where power supply is unstable. Solarizing these towers significantly improves uptime and service continuity by giving our equipment a more dependable energy

FILINVEST LAND, INC. (FLI) and East West Banking Corp. (EastWest) have launched a financing program for select ready-for-occupancy (RFO) properties. Under the partnership, buyers may secure financing of up to 95% of the contract price for selected RFO units, with a 5% down payment payable in spot cash or in installments of up to 12