Latest Business News

HOTEL101 Global Holdings Corp., the Nasdaq-listed subsidiary of DoubleDragon Corp., is moving forward with a planned $300-million Series A perpetual preferred share offering in the United States to support its international expansion. In a disclosure, the company said it has taken the next step for the offering, with proceeds expected to “fuel the company’s strategic

THE Makati Regional Trial Court (RTC) Branch 38 denied an application for a temporary restraining order (TRO) against a Securities and Exchange Commission (SEC) circular that imposes term limits on independent directors of publicly listed companies, the regulator said. “The RTC denied GMA’s application for a TRO following revelations that the network failed to disclose

TY-LED conglomerate GT Capital Holdings, Inc. said it acquired a 20% stake in Federal Land NRE Global, Inc. (FNG) from Federal Land, Inc. for P9.16 billion to better coordinate its land bank development projects, particularly in Riverpark. “The transaction reinforces GT Capital’s commitment to institutional synergy with FNG, for the enhancement of its projects,” GT

LOW-COST CARRIER AirAsia Philippines said it has secured “adequate” jet fuel supply to sustain operations, as concerns over potential disruptions persist amid tightening global supply. “As the airline acknowledges ongoing demand pressures in the global fuel landscape, AirAsia Philippines continues to proactively strengthen its sourcing planning & strategies leveraging on its regional network and Group

SAAVEDRA-LED Citicore Renewable Energy Corp. (CREC) has energized a 69-megawatt (MW) solar project in Negros Occidental, adding capacity to the Visayas grid ahead of the summer season. The project spans 69 hectares in Silay City and is designed to support a potential expansion of up to 100 MW, the company said in a statement on

A POTENTIAL sale of Petron Corp. to the Philippine government could be “modestly credit positive in the longer-term,” as it may improve financial support and access to funding, according to financial research firm CreditSights. “Should the proposed sale indeed go through, we view a potential stake sale in Petron to the government as modestly credit

A MAJORITY of shareholders in Lopez, Inc. said they had voted to remove Federico “Piki” R. Lopez as president and chief executive officer (CEO), but a court order has temporarily blocked the move. In a statement on Tuesday, the group, representing a 71% stake in the family holding company, said the board voted 5-2 on

D.M. WENCESLao and Associates, Inc. (DMW) has been included in the ATRAM Philippine Sustainable Development and Growth Fund for 2026, marking its fourth consecutive year in the fund’s portfolio. “Inclusion in the ATRAM SDG Fund for the fourth consecutive year affirms that sustainability is not peripheral to DMW’s strategy, it is integral to how we

AYALA LAND, Inc. (ALI) said its executive committee approved a share buyback program of up to P10 billion to commence on April 1. “The Executive Committee of Ayala Land, Inc. approved today, a share buyback program of up to P10 billion to commence 01 April 2026,” the company said in a disclosure on Tuesday. “The

PHILIPPINE AIRLINES (PAL), operated by PAL Holdings, Inc., said its net income rose by 6% to $160 million in 2025, supported by higher revenues. “Our 2025 results validate PAL’s successful transition from post-pandemic recovery to sustainable, long-term growth… Despite an industry-wide softening of passenger yields, we successfully defended our top line through disciplined revenue and