Gabby Lopez-led firm to acquire FPH’s P15.9B Rockwell Land stake
Gabby Lopez-led firm to acquire FPH’s P15.9B Rockwell Land stakeFirst Philippine Holdings Corp. (FPH) has approved the sale of its 90.74%…
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Business news, markets, economy, and industry coverage from the Philippines — Daily Tribune.
Alsons pushes solar, hydropower expansion after P15.26B revenue
Alsons Consolidated Resources Inc. (ACR) reported consolidated revenues of P15.26 billion in the first nine months of 2026, up from P8.90…
Nickel Asia profit rises 19% to P6.16B despite impairment
Nickel Asia Corporation reported a 19% increase in attributable net income to P6.16 billion in the first nine months of 2026, even after…
Forex, fuel surcharges shave P190M off Keepers earnings
The Keepers Holdings Inc., led by businessman Lucio Co, reported an 8% decline in net income to P2.24 billion in the first nine months of…
Grocery business accounts for P8.67B of Cosco’s P11.96B profit
Cosco Capital Inc. generated the bulk of its earnings from its grocery retail business in the first nine months of 2026, with Puregold…
FNI earns P2.29B as nickel prices and shipments climb
Global Ferronickel Holdings Inc. (FNI) posted a 50.9% increase in consolidated net income to P2.29 billion in the first nine months of…
Puregold earns P8.67B as S&R sales growth hits 14.7%
Puregold Price Club Inc. recorded an 18.8% increase in consolidated net income to P8.67 billion in the first nine months of 2026, as…
Nextbank, SwiftPay urge banks to test fraud systems
Philippine banking technology company Nextbank and technology partner SwiftPay are urging financial institutions to assess the…
Nvidia turmoil weighs on PSEi, Asian markets
The local market tracked weakness across Asian equities, where reports surrounding Nvidia chief executive Jensen Huang, who is facing…
Provincial housing draws P30-B bet from Ayala Land
Ayala Land Inc. plans to launch P30 billion worth of residential projects in 2027, targeting stronger sales in provincial markets after…
BCDA fattens national gov’t with over P8.4 billion
The Bases Conversion and Development Authority (BCDA) has turned over P8,417,44’2,776.50 to the National Treasury, the largest remittance…
ATI extends port deal, eyes bigger cargo volumes
ATI has signed the concession renewal with the Philippine Ports Authority, extending its operating rights from May 2038 to May 2063, giving…
Alabang Town Center acquisition boosts Rockwell growth
Rockwell Land Corporation reported an 18 percent increase in consolidated net income to P4.2 billion in the first nine months of 2026,…
BIR collections hit P2.81T, targets P3-T milestone
The latest collection report as of 12 November showed that the BIR generated an additional P149.86 billion compared with the same 10-month…
Zobel de Ayala pere et fils stress trust, resilience in Ayala succession
Ayala Corp.’s approach to succession rests on preparing future leaders to navigate uncertainty, solve problems and preserve the trust built…
SM Hotels opens first luxury rooftop events at MOA
A new rooftop events space overlooking Manila Bay is giving event organizers another option for intimate luxury gatherings in the Mall of…
BCDA shakeup won’t derail Pax Silica push
The leadership shakeup at the Bases Conversion and Development Authority (BCDA) is not expected to derail the country’s investment push…
Cebu Pacific posts P96.2-B revenue, 63% domestic share
CEB’s total revenues over the first nine months of 2026 reached P96.2-B. It also strengthened its position in the local aviation market,…