Latest Business News

SECURITIES and Exchange Commission (SEC) Chairman Francisco Ed. Lim said the proposed 10-year cumulative term limit for broker-directors of an exchange remains firm, while noting that the Commission is open to valid feedback from market participants. “As far as I’m concerned, the term limits are non-negotiable, but I’m still listening to their comments. If they

ABOITIZ INFRACAPITAL, Inc. (AIC) said it is expanding its food, beverage, and retail services at the Laguindingan and Bohol-Panglao airports as part of efforts since late last year to improve passenger experience and enhance commercial value. “By optimizing commercial layouts and partnering with both established and emerging brands, we aim to create vibrant terminal environments

SHARES of DigiPlus Interactive Corp. declined last week amid investor concerns over the sustained impact of regulatory changes on its online gaming operations, despite the company’s declaration of P3.8 billion in dividends and efforts to diversify into offline gaming.

METRO PACIFIC TOLLWAYS Corp. (MPTC) has extended its KaBiyahe Rebate Program to additional expressways following a directive from the Department of Transportation (DoTr) to help mitigate the impact of rising fuel prices on the transport sector. In partnership with the Bases Conversion and Development Authority (BCDA) for Subic-Clark-Tarlac Expressway (SCTEX) and the Philippine Reclamation Authority

THE Securities and Exchange Commission (SEC) has revoked the certificates of incorporation of Valtoro Spartan Consultancy Corp. and Recson Land Ventures and Realty Development Corp., and imposed administrative fines for the unauthorized solicitation of investments from the public. In a statement on Friday, the SEC’s Enforcement and Investor Protection Department (EIPD) said it separately canceled

GLOBE TELECOM, Inc. is expanding its services in Misamis Oriental through increased deployment of fifth-generation (5G) network infrastructure and the adoption of renewable energy (RE) initiatives. In a statement on Sunday, Globe said it has intensified its 5G rollout in Cagayan de Oro and Gingoog, while enhancing coverage across both coastal and inland municipalities. The

SMC INFRASTRUCTURE will provide temporary relief to select public utility vehicles and cargo trucks using the South Luzon Expressway (SLEX) and Southern Tagalog Arterial Road (STAR) Tollway through a two-month rebate program starting March 23. In a statement on Sunday, the tollway operator said eligible vehicles will receive weekly rebates equivalent to the difference between

Converge ICT Solutions, Inc. has launched its P5-billion 12-megawatt data center in Angeles, Pampanga which further boosts its data center capacity while also helping position the country as a data center hub. “Amid the ongoing digital revolution, our capabilities must keep pace with emerging technologies. We have focused on building world-class, future-ready facilities so we

MREIT, INC. (MREIT), the real estate investment trust of Megaworld Corp., has secured approval from the Securities and Exchange Commission (SEC) for its P16.2-billion “Wave 4” asset infusion. The approval allows the company to proceed with the acquisition of nine Grade A office buildings, MREIT said in a statement on Thursday. “The approval comes ahead

FILINVEST Development Corp. (FDC) said its 2025 attributable net income reached P15.01 billion, a 23.7% increase from the P12.13 billion recorded in 2024. In a disclosure on Thursday, the company attributed this performance to broad-based growth across its key business segments, specifically citing that “banking, real estate and power subsidiaries boosting FDC’s 2025 results.” The