Companies

THE Asian Infrastructure Investment Bank (AIIB) will lend USD300 million to International Container Terminal Services Inc. (ICTSI) to support the expansion and upgrade of three container terminals across the Philippines. The Asian Infrastructure Investment Bank (AIIB) has signed a USD300 million senior unsecured corporate loan with International Container Terminal Services Inc. (ICTSI) to fund the expansion and upgrade of three …

THE Government Service Insurance System (GSIS) recorded an impressive 170 percent increase in net income for the first quarter of 2026, reaching P43.6 billion compared to P16.1 billion in the same period last year. Total income for the quarter surged by 43.83 percent to P95.8 billion, driven primarily by P56.6 billion in insurance revenue from growing member contributions and a …

By DIEGO C. CAGAHASTIAN Government law enforcers raided the Philippine Sanjia Steel Corp. and closed the company’s 22.7-hectare steel manufacturing facility inside the PHIVIDEC Industrial Estate in Tagoloan, Misamis Oriental. The May 15 raid was led by Executive Director Undersecretary Benjamin Acorda Jr. of the Presidential Anti-Organized Crime Commission (PAOCC), the National Bureau of Investigation (NBI) and the Armed Forces …

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 …

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 …

SM Prime Holdings Inc. is revamping Susana Heights Village in Muntinlupa City as demand for premium, low-density residential communities remains resilient despite broader economic headwinds. The Sy family-led firm disclosed last week that its premium residential brand, Signature Series by SM Residences, had started the transformation of the established suburban estate. This is intended to improve shared spaces and boost …

AYALA Land, Inc.. has opened Ayala Malls Arca South in Taguig as part of its strategy to expand recurring income streams through its leasing and hospitality businesses. In a statement, Ayala Land said the mall has a gross floor area of 100,000 square meters (sq.m.) and a gross leasable area of 61,000 sq.m. The development is located within Arca South, …