Business

Inventories of oil and refined petroleum products which are categorized as “reserves” have never been given priority by the government, as the private sector takes care of oil reserves to last from 15 to 30 days as demanded by the law. That was the case in the local oil industry, with Petron, Caltex, Shell and other oil companies only reporting …

SM Prime Holdings Inc. will open its 90th mall in the country on March 20, boosting further its retail presence in Mindanao. SM City Zamboanga, SM’s eight mall in Mindanao, is a four-level development that will add more than 42,000 square meters of gross leasable space to Zamboanga City’s retail landscape. “Zamboanga is a strong and growing market. This expansion …

DMCI Holdings Inc. plans to spend P24.6 billion this year to support residential construction, expansion in the off-grid power and strategic improvements in cement operations. DMCI Homes is expected to account for 65 percent of aggregate capital expenditures, with up to P15.5 billion allocated for ongoing and new project construction and land banking, subject to market conditions. DMCI Power intends …

MREIT Inc., the real estate investment trust of Megaworld Corp., has secured regulatory approval ahead of schedule for its fourth wave of asset acquisitions. This allows the firm to proceed with a major expansion of its office portfolio. In a disclosure on Thursday, MREIT said the Securities and Exchange Commission cleared its Wave 4 property-for-share swap transaction. This paves the …

The Philippines received a business delegation from Northern Poland to explore possible collaboration in maritime investments, including shipbuilding, the Philippine Economic Zone Authority (PEZA) said. “The participation of the West Pomeranian delegation — representing shipbuilding, maritime logistics, industrial engineering, and construction — underscores Poland’s growing interest in the Philippines as a strategic investment hub in the region,” PEZA Director General …

With the Philippine rainy season already in the offing and farmers are readying to plant their crops, particularly rice which is the principal agricultural produce for Filipinos, the problem of fertilizer supply has once again surfaced. This developed as the three-week war between Israel and the United States on one side and Iran on the other showed no signs of …

LANDBANK continues to push a cash-lite economy through its Cash-Lite Campus Program by enabling students to open LANDBANK accounts via the Mobile Banking App (MBA) and equipping campus partners and merchants with digital payment systems. Public trust in digital banking continued to strengthen in 2025 as LANDBANK recorded a 27% rise in the usage of its digital platforms. The Bank …

Silang Cavite – The Felicidad T. Sy Foundation Inc. recently unveiled the Felicidad Sy Hall, a Digital Transformation Center at the Sisters of Mary School. The facility is designed to equip students with industry-relevant skills in areas such as artificial intelligence, automation, cloud computing, and data analytics, strengthening their readiness for the evolving workforce. The project is a collaboration among …

State-of-the-art machinery for the production of plastic bottles and closures ALPLA is opening its first base plant in the Philippines, thereby expanding its portfolio in the growth region of Asia-Pacific (APAC). Since summer 2025, the global packaging specialist has been manufacturing high-quality plastic bottles and closures in Calamba City. On 19 March 2026, ALPLA celebrated the official opening of the plant together with 80 guests. …

The Philippine Deposit Insurance Corporation said last week it completed the filing of 46 asset distribution plans (ADPs) with liquidation courts nationwide last year, meeting its full-year goal and speeding up payouts to creditors of closed banks. The filings include 20 final ADPs and 26 partial ADPs, each detailing how bank assets will be allocated based on their estimated realizable …