Business

By DIEGO C. CAGAHASTIAN The local semiconductor industry stands to realize unprecedented growth when plans for the Luzon Economic Corridor under the Pax Silica initiative of the United States materializes, although many sectors have expressed concern if these developments will indeed result in blessings for Filipinos. The Marcos administration has reserved 1,619 hectares of land in Tarlac for the establishment …

The Asian Development Bank (ADB) has been actively helping the Philippines, its small businessmen and entrepreneurs, along with ordinary Filipinos, in these times of great hardship and economic challenges. In a meeting between ADB President Masato Kanda and President Ferdinand Marcos, Jr. at the Malacañan Palace,  the multilateral lender vowed it is ready to provide more funding as the country …

The Department of Energy (DOE)  said on Friday that several new power facilities have been completed and may help augment the 2,4000 megawatts that the grid lost after two major transmission lines tripped this week. These new energy facilities, which can generate up to 1,400 megawatts, are being prepared to be connected to the country’s power grid, DOE Undersecretary Mario …

SM Supermalls and the People Management Association of the Philippines (PMAP) formally strengthened their commitment to empowering Filipino job seekers through the signing of a Memorandum of Understanding (MOU) held at the SM Supermalls Headquarters in Pasay City. This partnership reflects SM’s steadfast support for PMAP’s HumanITy mission—a vision that emphasizes a human-led, digitally enabled, and future-ready Philippines. Building on …

The first three months of 2026 proved to be a test of resilience for Bloomberry Resorts Corporation. The glittering gaming floors of Solaire Resort Entertainment City, usually bustling with high rollers, fell unusually quiet as a persistent chill swept through the VIP and Premium Mass segments. This market slowdown hit the company’s flagship property hard, dragging Gross Gaming Revenue down …

LANDBANK President and CEO Lynette V. Ortiz (left) and DA–Agricultural Credit Policy Council Executive Director Rallen O. Verdadero (right) lead the official launch of the ANYO Palay Lending Program, formalized through the signing of a Memorandum of Agreement (MOA) on 14 May 2026 at the LANDBANK Plaza in Manila, aimed at modernizing rice farming nationwide. “Digitalization has long been part …

San Miguel Corporation (SMC) delivered a strong start to 2026, with first quarter consolidated revenues rising 19% to P428.3 billion from the same period last year, supported by broad growth across its major businesses. The results were driven by stronger Fuel and Oil volumes, with revenues reflecting movements in global prices, along with new contributions from its Energy business and …

The U.S. Trade and Development Agency (USTDA) announced  that it is supporting the development of a new international airport in the Philippines. USTDA commits to funding the feasibility study on the proposed Sangley Point International Airport, which would ease congestion at the existing Manila airport. The said airport will serve as a key international aviation gateway for the Philippines as …

MEGAWORLD, through its tourism and leisure arm Global-Estate Resorts Inc. (GERI), said that the projects reflect sustained demand for homes, lots, and commercial spaces in growth areas beyond the capital, as more buyers look for lifestyle communities with open space, nature, and investment upside. Megaworld owner Kevin Tan is leaning harder into the provincial property boom, with P11 billion worth …

THE PHILIPPINE Economic Zone Authority (PEZA) expects the proclamation of six new economic zones (ecozones) within the second quarter in key areas like Batangas, Cavite, and Palawan. “A total of six ecozones are for proclamation this quarter,” PEZA Director-General Teresito Panga said. Two ecozones were already endorsed by the Office of the Deputy Executive Secretary for General Administration (ODESGA) and …