Latest Business News

GOKONGWEI-LED conglomerate JG Summit Holdings, Inc. reported a 3% increase in attributable net income for 2025 to P31.9 billion, supported by strong travel and leisure demand and sustained consumer spending. The group posted consolidated revenues of P368.6 billion, up 9%, driven by double-digit growth in its airline and real estate businesses, along with steady volume

LOPEZ-LED power producer First Gen Corp. reported an 8% increase in its bottom line in 2025, supported by higher electricity sales driven by stronger hydropower output. In a statement on Wednesday, the company said it posted attributable recurring net income of $264 million in 2025, up from $245 million a year earlier. First Gen said

LISTED specialty food ingredients and oleochemicals manufacturer D&L Industries, Inc. said it is monitoring potential disruptions to raw material supply and costs due to the ongoing conflict in the Middle East, while expressing confidence in managing the risks. “Looking ahead, 2026 presents a new set of uncertainties, particularly with the ongoing war in the Middle

POWER DISTRIBUTOR Manila Electric Co. (Meralco) said a weaker peso is putting upward pressure on power generation costs, following the currency’s recent slide to a record low amid geopolitical tensions. “A depreciation of the peso will put upward pressure on power rates, in particular, the generation charge,” Lawrence S. Fernandez, vice-president and head of utility

RENEWABLE energy developer ACEN Corp. has secured fresh funding worth 7.517 billion Indian rupees (P4.78 billion) from Japanese banks for its 120-megawatt (MW) wind power project in Karnataka, India. Diyos Renewables India Project Private Ltd., ACEN’s project developer, obtained a green term loan facility from Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corp., the

ROBINSONS Retail Holdings, Inc. (RRHI) said it will close its 11 No Brand standalone stores nationwide by end-June 2026, citing shifting consumer preferences and a move to align its formats with customer demand. “The decision reflects evolving consumer preferences and how customers are choosing to shop across our retail formats,” RRHI President and Chief Executive

PHILIPPINE AIRLINES (PAL) said it has secured sufficient jet fuel supply for scheduled operations in the “foreseeable future,” while Cebu Pacific (CEB) said it has fuel supply through end-April and is arranging supply for May and beyond. “Philippine Airlines has secured sufficient jet fuel supply to support scheduled operations, including long-haul flights, for the foreseeable

BATANGAS — Philippine Geothermal Production Company, Inc. (PGPC), a wholly owned subsidiary of SM Investments Corp., is targeting to add up to 400 megawatts (MW) of capacity over the next five to seven years through six pipeline projects. “What we have on our radar is around 250 to 400 [MW],” PGPC President Napoleon L. Saporsantos,

CONVERGE ICT SOLUTIONS, Inc. ranked as the fastest fixed internet provider in the Philippines based on recent measurements by global network intelligence firm Ookla. In a media release on Wednesday, the listed fiber broadband provider said it was recognized for having the fastest fixed network, as well as the best fixed network and fixed video

SM PRIME HOLDINGS, INC. said it is working with government agencies on transport-related projects in the Greater Manila Area, using its mall locations to improve connectivity with public transit. In a statement on Wednesday, the company said it is allocating more than P300 million for a direct, covered pedestrian link connecting Light Rail Transit Line