Latest Business News

PACIFIC ONLINE Systems Corp. (LOTO) said it is unwinding its investment in HHR Philippines, Inc. (HHRPI) after the national government adopted a firm policy against licensing online betting platforms. Pacific Online, a publicly listed company engaged in providing lottery systems and related technology services, said the move was in response to the government’s policy direction.

MANILA ELECTRIC CO. (Meralco) has proposed a capital expenditure (capex) program worth about P272 billion and a total revenue requirement of roughly P532.13 billion for the 2027-2030 regulatory period, as part of its rate reset application with the Energy Regulatory Commission (ERC).

GLOBE TELECOM, INC. has set the price for its P25‑billion follow-on preferred share offering, with Series A and B shares yielding 6.1179% and 6.7631% per annum, respectively, as part of a plan to redeem perpetual capital securities and fund capital expenditures. In a regulatory filing on Wednesday, Globe said the offering consists of 12.5 million

STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) reported a P13.4-billion decrease in its financial obligations for 2025, citing privatization and collection initiatives. This brings PSALM’s remaining debt to P260.6 billion as of Dec. 31, 2025, compared with P247 billion at the end of 2024, the company said in a statement on Wednesday. The

THE Department of Transportation (DoTr) is in talks with Arkia Israeli Airlines Ltd., the operator of Arkia, to arrange direct flights between the Philippines and Israel. “There is one airline, Arkia. It is a Tel Aviv airline. We are so interested to have direct flights between Manila and Israel,” Transportation Acting Secretary Giovanni Z. Lopez

FOOD GIANT Jollibee Group has partnered with Lopez-led power producer First Gen Corp. to source renewable energy for its commissaries in the Philippines. In a statement on Wednesday, First Gen said it is supplying 11 megawatts (MW) from its geothermal power plant in Bicol, enabling the fastfood chain’s commissaries to operate on 99% renewable energy.

FOOD AND BEVERAGE kiosk operator Fruitas Holdings, Inc. has earmarked P120 million for capital expenditures in 2026, targeting the opening of up to 100 new branches under its House of Fruitas brand. “The Company may increase this investment should there be an acceleration in the growth of the Philippine economy, further supporting its long-term growth

GLOBAL SUPPLY chain provider Yusen Logistics Philippines, Inc. has partnered with ACEN Renewable Energy Solutions (ACEN RES), the retail electricity supply unit of ACEN Corp., to transition to renewable energy. In a statement on Wednesday, ACEN said it finalized a power supply deal with Yusen Logistics to provide 100% renewable energy to the company’s head

THE INVESTMENT & Capital Corp. of the Philippines (ICCP) has elected former Ayala Land, Inc. (ALI) Chief Financial Officer (CFO) Augusto D. Bengzon as its new chairman and chief executive officer. “Augusto Bengzon brings a strong track record in finance, governance and strategic leadership. We are confident that his experience and perspective will serve ICCP

OFFICE VACANCY in Metro Manila is expected to hover around 20% this year, as take-up from healthcare and business process outsourcing (BPO) tenants is outpaced by new supply, according to real estate consultancy Savills Philippines. “I think office vacancy will remain at more or less 20% in 2026 because of new supply being completed,” Savills