Companies

By DIEGO C. CAGAHASTIAN With the West Asia conflict still unresolved and the Iran-controlled Strait of Hormuz where our usual oil imports pass, the Philippines is constrained to look for alternative sources of oil which is the single most important commodity needed to run the economy. Russia may be a willing and helpful friend, as it has already provided some …

The fiscal gap of the Philippines widened last month (March) as spending growth outpaced revenue gains Stronger cumulative collections, however, contributed to a slimmed deficit in the first quarter of the year. In a statement on Thursday, the Bureau of the Treasury said the budget deficit in March rose 2% to P349.7 billion from a year earlier, driven by faster …

Globe Telecom Inc. has disclosed to the Philippine Stock Exchange that  it has purchased $426.42 million of securities from the total $600 million issued in 2021. “An aggregate principal amount of $173.58 million of the securities would remain outstanding,” Globe said. Globe priced the offer at $1,000 per $1,000 principal amount of securities and will also pay sellers an accrued …

PLDT Inc. will use one of the most advanced agentic artificial intelligence (AI) to expedite information exchange with enterprises. PLDT said it will partner with New York-based innovator UiPath in deploying conversational agent KAI, short for Knowledge, Automation, Intelligence. The new facility is viewed in the AI industry as one of the most advanced agentic solutions right now. KAI will …

The Philippine gaming industry generated Php396.14 billion in gross gaming revenues (GGR) in 2025, up 6.39% from the Php372.33 billion in the previous year, with revenues from the online and electronic gaming sector offsetting the decline in earnings from brick-and-mortar casinos. The electronic and online gaming segment – which includes the E-Bingo, E-Games, Bingo Grantees and Onsite and Offsite Poker …

Unilever Philippines, together with the City Government of General Trias and its City Social Welfare Development Office (CSWD), has officially launched a livelihood partnership, named GentriAsenso, a community-based skills and livelihood program aimed at creating additional income opportunities for General Trias residents. The collaboration was formalized through the signing of a Memorandum of Agreement (MOA), which was attended by 121 …

Manila, Philippines — Global Compact Network Philippines (GCNP), the country network of the United Nations Global Compact, has elected a new set of officers for 2026–2027. GCNP’s new officers include: PLDT’s Chief Sustainability Officer Melissa Vergel de Dios as Chairman, Globe Telecom Head of Sustainability and Social Responsibility Apple Evangelista as Vice Chair, PTC Holdings Corp. Executive Director for Corporate …

Mega Prime Foods Inc. (MPFI), the company behind the Philippines’ leading sardines brand Mega Sardines, marks a significant milestone in its growth journey as it expands beyond seafood and into agriculture through a landmark partnership with global agro-industrial leader Charoen Pokphand Foods (CPF). The two companies recently broke ground on the Mega CP Layer Complex in Zamboanga City, positioning the region …

The Government Service Insurance System (GSIS) will release more than P19 billion under its Balik Ginhawa (Loan Moratorium Through Refund) program, benefiting 1.37 million members and pensioners with active loan accounts. GSIS data show that monthly loan amortizations range from ₱4,000 to ₱39,000, depending on the loan amount, equivalent to roughly ₱12,000 to ₱117,000 over three months. The program covers …

Prime Energy Resources Development B.V., the operator of the Malampaya deep water gas-to-power project, said it is on track to start producing gas by the first quarter this year following the completed drilling of one of the wells. Prime Energy said it had a successful drilling, completion, and flow test of the Camago-3 well in offshore Palawan. According to the …