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MANILA, Philippines —The Aboitiz Group and its European partner completed on Friday their P100-billion buyout of Coca-Cola’s Philippine unit, adding the popular brand to their investment portfolio. Aboitiz Equity Ventures Inc. (AEV) bought 40 percent of Coca-Cola…
MANILA, Philippines —The Philippine Stock Exchange Index (PSEi) rose on Thursday due to strong foreign buying ahead of the long weekend. By the end of trading, the PSEi went up by 0.29 percent (20.12 points) to reach…
MANILA, Philippines —A top stockbrokerage in the country advises investors to keep cash amid US recession fears, despite the Philippines’ strong economic growth bouyed by easing interest rates and inflation. COL Financial Group chief equity strategist April…
MANILA, Philippines — Real estate mogul Manuel Villar Jr. topped the roster of 14 Filipino billionaires who landed on Forbes Magazine’s 2023 World’s Billionaires List. Villar, the founder of property developer Vista Land & Lifescapes Inc., AllDay…
Telecommunication companies are preparing to roll out their respective SIM registration portals in the coming weeks while new SIM cards will be sold in “deactivated mode”, as the mandatory rules on registration take effect on Dec. 27…
MANILA, Philippines — American financial services giant J.P. Morgan dropped the Philippines to the bottom of an investment list comprised of its Southeast Asian peers in a new report released after it became clear Ferdinand “Bongbong” Marcos…
MANILA, Philippines—The victory of survey frontrunner and dictator’s son Ferdinand “Bongbong” Marcos Jr. was still not guaranteed while past tax conviction cases would weigh on his potential presidency, Fitch Solutions said in a new report. This also…
MANILA, Philippines — President Rodrigo Duterte once told Manuel Villar Jr. he would back the campaign supporter, billionaire, and former senator if he ran a second time for president. Villar, the head of a powerful political and business…
The House of Representatives has approved a bill that will allow telecommunications providers and other information, communications and technology (ICT) companies to purchase or lease land in private residential villages to build cell sites and support infrastructure.…
MANILA, Philippines — The National Telecommunications Commission (NTC) said it would run after sources of illegal radio gear such as text blast machines that a growing number of politicians or political groups were secretly using in their…
Telecommunications Connectivity Inc. (TCI) said number portability services will be rolled out by the Sept. 30 target, but some features may not be immediately available. TCI is the mobile number portability arm established by Smart Communications, Globe…
Cebu Pacific, the country’s largest budget carrier, is now requiring passengers bound for Hong Kong to take an antigen test inside the airport before flying in a bid to strengthen screening efforts against COVID-19. This comes on…
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