Maynilad nets P12.6B in Jan.-Sept. 2026, up 10.2%

GMA Network - Nov 5, 2026

Maynilad Water Services saw a 10.2% increase in its bottom line in the first nine months of 2026.

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DA braces for full impact of El Niño on rice output

Nov 5, 2026

DA braces for full impact of El Niño on rice output

MANILA, Philippines — The Department of Agriculture (DA) is bracing for the “more significant effects” of the intensifying El Niño phenomenon on rice production in the first half of next year. This could result in a further decline in local palay output, which is projected to fall by 5 percent to 18.67 million metric tons from

‘Finally’: Exporters cheer Manila port clearing

Nov 5, 2026

‘Finally’: Exporters cheer Manila port clearing

MANILA, Philippines — An umbrella group of Philippine exporters expects smoother cargo movement at Manila’s ports following a government commitment to clear 1,000 aging containers ahead of the holiday shipping rush. The clearing operation is expected to be completed within two weeks and will involve repositioning empty containers to Subic and Batangas to help free up

BIZ BUZZ: A new Ang at Ginebra

Nov 5, 2026

BIZ BUZZ: A new Ang at Ginebra

MANILA, Philippines — Another member of the Ang family is stepping into the boardroom. Jacob Paolo Ang, son of San Miguel Corp. (SMC) chair and CEO Ramon Ang, has secured a seat on the board of Ginebra San Miguel Inc., adding another corporate role to his growing portfolio. In a disclosure on Wednesday, the liquor maker

Monde Nissin earnings climb to P8.1 billion in Jan-Sept period

Nov 5, 2026

Monde Nissin earnings climb to P8.1 billion in Jan-Sept period

MANILA, Philippines — Food and beverage giant Monde Nissin Corp. saw its net income climb by nearly 21 percent in the first nine months of 2026, supported by stronger sales across its food businesses and improved profit margins. On Wednesday, the maker of Lucky Me! noodles and SkyFlakes crackers said its net income rose by 20.8

San Miguel Food and Beverage profit down 9%

Nov 5, 2026

San Miguel Food and Beverage profit down 9%

MANILA, Philippines — San Miguel Food and Beverage Inc. (SMFB) saw its net income decline by 9 percent to P30.6 billion in the first nine months of 2026 as rising costs and weaker consumer spending weighed on its food and beer businesses. On Wednesday, the San Miguel Corp. subsidiary said its earnings were affected by elevated

Soaring fuel costs leave PAL with $159-M loss

Nov 5, 2026

Soaring fuel costs leave PAL with $159-M loss

MANILA, Philippines — Philippine Airlines (PAL) remained in the red in the first nine months of 2026, as skyrocketing fuel costs due to the Middle East conflict wiped out its modest revenue gains despite efforts to rein in expenses. Based on its latest financial report, the Lucio Tan-led flag carrier swung to a $159-million net loss

MVP-led Kayana takes reins of Bayad Center

Nov 5, 2026

MVP-led Kayana takes reins of Bayad Center

MANILA, Philippines — Kayana Solutions Inc., a company led by tycoon Manuel V. Pangilinan, has completed a P2.7-billion transaction to take full control of payment services provider CIS Bayad Center Inc. The latter was previously majority-owned by Manila Electric Co. (Meralco) through a subsidiary. READ: Meralco, CIS sell 90% stake in Bayad Center for P2.7B In

Core bottom line of Ayala Group’s IMI jumped 52%

Nov 5, 2026

Core bottom line of Ayala Group’s IMI jumped 52%

MANILA, Philippines — Ayala-led Integrated Micro-Electronics Inc. (IMI) reported a 52-percent increase in third-quarter core net income to $24.1 million from $15.8 million a year earlier, supported by revenue growth, better utilization and higher-value manufacturing programs. The electronics manufacturer said on Wednesday that nine-month core revenue rose by 3.6 percent to $703.2 million from $678.7

Peza raises 2027 goal; new record within reach

Nov 5, 2026

Peza raises 2027 goal; new record within reach

MANILA, Philippines — The Philippine Economic Zone Authority (Peza) is looking to set a much higher investment target for 2027, as it moves closer to surpassing its all-time record for annual investment approvals set more than a decade ago. Already, the investment promotion agency has recorded P309.63 billion in approved investments as of end-October, exceeding its

Bank of Thailand Plans Tighter Rules for Buy Now, Pay Later Services

Nov 5, 2026

Bank of Thailand Plans Tighter Rules for Buy Now, Pay Later Services

The Bank of Thailand (BOT) plans to tighten controls on Buy Now, Pay Later (BNPL) services from December, aiming to curb debt risks

UnionBank ready to inject capital into UnionDigital

Nov 5, 2026

UnionBank ready to inject capital into UnionDigital

MANILA, Philippines — Union Bank of the Philippines is prepared to inject fresh capital into its digital banking unit, UnionDigital Bank, if the Bangko Sentral ng Pilipinas (BSP) rejects its request for regulatory relief as the lender moves to absorb the subsidiary. Speaking to reporters on Wednesday, UnionBank president and CEO Ana Maria Aboitiz-Delgado described the

PH seen missing 2032 nuclear power target 

Nov 5, 2026

PH seen missing 2032 nuclear power target 

MANILA, Philippines — The Philippines is setting the stage for local nuclear development, but the government may miss its 2032 target to generate the first kilowatt from the technology, an official of the Nuclear Energy Agency (NEA) said. Speaking to reporters, William Magwood, NEA director general, said the country was “very well-positioned” for a country

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