Companies

Manila Water has commenced the commissioning of one of its mainline extension projects in Antipolo City, Rizal, reinforcing its commitment to providing safe, reliable, and sustainable water services to growing communities. The Mainline Extension of the 150mm Line at Hinapao–Tagbac, Antipolo City aims to deliver new water service connections to residents of Barangay San Jose, particularly the communities of Haustalk and Grand Monaco–Casa Mia. Construction of the project …

THE Department of Public Works and Highways (DPWH) recommended the award of the P3.07-billion contract package 2 of the Bataan-Cavite Interlink bridge project to a consortium led by China Wu Yi Co. Ltd. In a recent resolution, the DPWH’s bids and awards committee (BAC) said the consortium of China Wu Yi, Jinan Urban Construction Group Co., Ltd. and CM Pancho …

Metropolitan Bank & Trust Co. reported a 3.3% increase in net income for 2025, reaching ₱49.7 billion, up from a record ₱48.1 billion in 2024, fueled by strong loan growth. In a disclosure to the Philippine Stock Exchange, the bank said net interest income rose 9.2% to ₱124.6 billion, supported by an 8.8% increase in gross loans. Corporate and commercial …

Let us not dance around the issue of direct foreign investments (FDI).  The Philippines is “kulelat” in the list of where foreign investors wanted to put in their capital, however government authorities here try to massage the numbers. According to the Philippine Statistics Authority (PSA), approved  foreign investments in the Philippines plunged by 50.1% year on year to P272.38 billion …

Even in the water-rich Philippine archipelago, water has become a lucrative area of investment for homegrown businessmen. First Gen Corporation, Prime Infrastructure Capital Inc., MacroAsia, Summa Water Resources, Boracay Tubi System, New Earth Water System and even Poro Point in La Union are into the development of water infra and facilities, building of dams, and desalination and distribution. It was …

Victoria International Container Terminal (VICT), International Container Terminal Services, Inc.’s (ICTSI) fully automated operation at the Port of Melbourne, is expanding its trade links to the Americas with Mediterranean Shipping Company’s (MSC) newly launched Eagle service. The standalone service made its inaugural call at VICT on February 3 with the arrival of the 2,556-TEU vessel Etoile. The Eagle service connects Australia …

With renewed focus on its role as the nation’s last-mile delivery service provider, the Philippine Postal Corporation (PHLPost) continues to expand its nationwide presence through the opening of new post offices and postal stations across far-flung and remote communities in the country. The newly opened facilities include the Macrohon Post Office, located at the Municipal Hall in Barangay San Vicente …

Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, recently hosted delegates from the Association of Southeast Asian Nations (ASEAN) at its award-winning gateways, Mactan-Cebu International Airport (MCIA) and Bohol-Panglao International Airport (BPIA). “What a lovely experience at [Mactan-Cebu] International Airport. A warm welcome goes a long way – it sets the tone for the journey ahead,” said Dubai-based hospitality …

ICCP Chairman of the Executive Committee Guillermo D. Luchangco announced the election of Augusto D. Bengzon as Chairman & Chief Executive Officer of Investment & Capital Corporation of the Philippines (ICCP). Bengzon brings extensive leadership and financial management experience to ICCP. He worked in financial services for 18 years, including 16 years with Citibank where he served in several areas in consumer, corporate and investment …

The inflation computations were arrived at even as the  Manila Electric. Co. trimmed electricity rates by 16.37 centavos per kilowatt-hour (kWh) to P12.9508 per kWh last month from P13.1145 per kWh in December, which meant households consuming an average of 200 kWh paid P33 less in their monthly electricity bill. In January 2025, Meralco charged its customers P11.7428 per kWh. …