News

Romancing China under DU30: '$24-B' not yet a cinch

Malou Mangahas and Karol Ilagan, Philippine Center for Investigative Journalism
Posted at May 08 02:17 PM

The Philippine Center for Investigative Journalism's (PCIJ) latest offering is a two-part story on the promises and pitfalls of the multibillion-dollar infrastructure and other business deals that the administration of President Rodrigo R. Duterte has reportedly secured -- but have yet to roll out and deploy -- courtesy of concessional and tied loans that had been pledged by China. Read more »

5 big corporate mergers and acquisitions in PH in past year

ABS-CBN News
Posted at May 02 09:13 PM

MANILA – Mergers and acquisitions have been moving as the Philippines' billionaires seek to capitalize on the momentum of one of the fastest-growing economies in the world. Read more »

Why Henry Sy’s family refused top SM posts

ABS-CBN News
Updated as of Apr 27 06:32 PM

Tycoon Henry Sy’s children allowed non-relatives to occupy the highest positions in SM Investments Corp to allow his empire to be more professional, his eldest daughter said Thursday.  Read more »

SM Malls studying Southeast Asia expansion: Sy-Coson

ABS-CBN News
Updated as of Apr 27 08:00 PM

SM Investments Corp is studying bringing its shopping mall business to Southeast Asia, hoping to replicate the success of its retail business in the Philippines and China, a top official said Thursday. Read more »

Henry Sy Sr., Harley Sy, step down from SM Investments posts

ABS-CBN News
Updated as of Dec 04 03:02 PM

A new era dawns on one of the country's biggest conglomerates as the new leadership at SM Investments look at how to further grow the Sy family's business empire.  Read more »

Henry Sy named chairman emeritus of SM Investments

ABS-CBN News
Updated as of Apr 26 04:29 PM

SM Investments Corp said Wednesday billionaire Henry Sy was appointed as its chairman emeritus, as his retail, real estate and banking empire underwent a leadership change. Read more »

Duterte brings home $925-M in investment deals from Middle East

ABS-CBN News
Updated as of Nov 16 03:46 PM

President Rodrigo Duterte is back from his three-nation swing to the Middle East, where he secured close to a billion dollars worth of investment deals. Read more »

Palace sees 26,000 new jobs from Duterte's Mideast trip

Ron Gagalac, ABS-CBN News
Posted at Apr 17 08:29 PM

President Duterte's visit to the Middle East netted nearly a billion dollars worth of investments which are expected to generate thousands of jobs in the country, according to Malacañang.  Read more »

Expectations high among OFWs as Duterte visits Qatar

Ron Gagalac, ABS-CBN News
Posted at Apr 15 09:07 AM

Expectations are high among overseas Filipino workers in Doha, Qatar as President Rodrigo Duterte visited the capital city for the last leg of his week-long state visits in the Gulf states. Read more »

Duterte invites Saudi bizmen to invest in PH

Ron Gagalac, ABS-CBN News
Posted at Apr 12 09:37 PM

President Rodrigo Duterte met with Saudi businessman at the Saudi Chamber of Commerce office in Riyadh and invited them to invest in the Philippines. Read more »

OPINION: Duterte can’t sell PH land in Spratlys to China

Ellen T. Tordesillas
Posted at Apr 12 04:41 AM

Now, President Duterte wants to go into real estate business in the Spratlys. Read more »

Foreign direct investments up 13.2 pct in January

ABS-CBN News
Posted at Apr 10 07:14 PM

The Bangko Sentral ng Pilipinas (BSP) said Foreign direct investments (FDI) rose 13.2 percent in January.  Read more »

36,000 new jobs expected from first quarter investments

ABS-CBN News
Posted at Apr 10 04:46 PM

More than 36,000 new jobs are expected to be created from new projects registered with the Board of Investments (BOI) in the first three months of the year.  Read more »

Southeast Asia has enough funds for infrastructure development

ABS-CBN News
Updated as of Oct 24 03:42 PM

Southeast Asian nations have substantial capital to fund development projects, with an estimated savings pool of about $800 billion, says Ranjit Ajit Singh chairman of Malaysia's Securities Commission. Read more »

Japan's largest bank eyes financing for PH transportation projects

ABS-CBN News
Posted at Apr 06 02:02 PM

Bank of Tokyo-Mitsubishi UFJ, Japan's largest lender, said Thursday it was looking at helping fund projects under President Rodrigo Duterte's infrastructure overhaul. Read more »

More Filipinos investing in bonds, managed funds: Security Bank

ABS-CBN News
Posted at Apr 06 12:50 PM

More Filipinos are investing for the first time in stocks and bonds, as shown by strong demand for the government’s retail bond offering, a bank official said Thursday. Read more »

Millennial group sees opportunities in 'adult playgrounds'

Katrina Domingo, ABS-CBN News
Posted at Apr 05 09:36 PM

A group of millennials has invested P20 million to put up a floating playground off the coast of Subic Bay in Zambales as the group sees "adult playgrounds" as the next big thing to hit the leisure industry. Read more »

Alibaba, Tencent join investment mission to Philippines

ABS-CBN News
Posted at Apr 04 04:13 PM

Chinese internet giants Alibaba and Tencent are headed to the Philippines to discuss possible investments with the Bank of China, the lender said Tuesday. Read more »

SM strengthens logistics push with NENACO stake purchase

ABS-CBN News
Posted at Apr 04 09:43 AM

SM Investments Corp said Tuesday it would acquire 34.5 percent of the total outstanding shares of Negros Navigation Co, the majority shareholder of 2GO Group Inc. Read more »

Ayala, SM propose Sta Mesa to MOA expressway

ABS-CBN News
Posted at Mar 31 01:41 PM

Ayala Corp's infrastructure unit said Friday it partnered with SM Investments Corp for a proposal to build a toll road that would connect Sta. Mesa to the Mall of Asia complex.  Read more »