Latest Business News

SAN MIGUEL Food and Beverage, Inc. (SMFB), the food and beverage subsidiary of San Miguel Corp. (SMC), reported a consolidated net income of P46.3 billion for 2025, a 13.2% increase from the P40.9 billion recorded in 2024. This performance was supported by growth in the food segment, continued expansion in spirits, and increased international beer

HOTEL101 GLOBAL Holdings Corp., the Nasdaq-listed hospitality arm of DoubleDragon Corp., has launched Hotel101-Madrid, marking its first project in Europe and the first Filipino homegrown hotel brand to operate overseas. The 680-room Hotel101-Madrid, located in Madrid’s Valdebebas district, has started accepting bookings, the company said in a statement on Tuesday. “This landmark opening represents a

JOLLIBEE Foods Corp. (JFC) reported an attributable net income of P10.87 billion for 2025, up 5.4% from P10.32 billion in 2024. In its 2025 annual report, the listed fastfood chain said consolidated revenues rose by 13% to P305.11 billion from P269.94 billion a year earlier. The company said “the increase in revenues was driven by

FILINVEST LAND, INC. (FLI) said its executive committee has approved the offer and issuance of up to P11.57 billion in fixed-rate peso bonds with tenors of up to 10 years. “This latest bond issuance will be the third tranche out of the P35-billion shelf-registered Philippine peso-denominated bonds of the company approved by the Securities and

THE Securities and Exchange Commission (SEC) has eased rules for publicly listed companies (PLCs) and other issuers of registered securities seeking to hold their annual stockholders’ meetings (ASMs) earlier than the date specified in their bylaws. In a notice dated March 9, the SEC’s Markets and Securities Regulation Department (MSRD) said these companies will no

BANK of the Philippine Islands (BPI) has approved a P6.1-billion project finance loan to renewable energy developer Cornerstone Energy Development, Inc. (CEDI), a subsidiary of Aboitiz Renewables, Inc. The loan will finance Aboitiz Power Corp.’s first wind energy project, a 58.5-megawatt (MW) onshore wind power facility in Libmanan, Camarines Sur, BPI said in a press

WEST ZONE concessionaire Maynilad Water Services, Inc. said it is nearing completion of upgrades to several major water and wastewater infrastructure projects, including its largest wastewater treatment facility worth P10.5 billion. In a statement on Tuesday, the water utility said it is in the final stage of upgrading the CAMANA (Caloocan-Malabon-Navotas) Water Reclamation Facility. The

THE Governance Commission for Government-Owned or -Controlled Corporations (GCG) has approved the deactivation of the renewable energy arm of state-run Philippine National Oil Co. (PNOC) after determining that it was not meeting its intended objectives. In a memorandum order dated Feb. 18, the commission resolved to formally dissolve PNOC Renewables Corp. (PNOC RC) after determining

IPILAN NICKEL CORP., the Palawan-based subsidiary of listed miner Global Ferronickel Holdings, Inc. (FNI), said its mining operations in Brooke’s Point comply with environmental and regulatory requirements, following claims raised during a Senate hearing on Monday. In a statement on Tuesday, Ipilan said the Department of Environment and Natural Resources (DENR) had renewed its Mineral

PHINMA HOSPITALITY, Inc., the hospitality arm of Del Rosario-led PHINMA Corp., has held a groundbreaking ceremony for TRYP by Wyndham Bacolod in PHINMA Properties’ Saludad township, marking its third TRYP hotel in the Philippines. “The goal is not just to build another hotel in Bacolod, but to build a hotel that feels unmistakably Bacolod. Bacolod