Business

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 …

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, …

The Asian Development Bank (ADB) has entered into a Risk Participation Agreement (RPA) with the Philippines’ Security Bank Corporation to expand access to supply chain financing for small and medium enterprises (SMEs) in the country. The agreement marks the first RPA between ADB and a Philippine bank and is expected to strengthen liquidity support for local suppliers through the bank’s …

The Bangko Sentral ng Pilipinas (BSP) said last week it will release this year a National Strategy for Financial Education (NSFE) aimed at strengthening the financial literacy and resilience of Filipinos. In a statement, the central bank said the strategy is currently being refined through nationwide consultations with stakeholders from government, the private sector, civil society, and development institutions. The …