Philstar – Business

Philstar – Business

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Philippines business, equities and macro policy coverage.

Megaworld Profit Hits All-Time High in 2025
NewsFeb 26, 2026

Megaworld Profit Hits All-Time High in 2025

Megaworld Corp. posted a record P24 billion net income in 2025, an 11% increase from 2024. Revenue climbed to nearly P86 billion, driven by an 11% rise in leasing revenues and strong residential sales. Office leasing, especially through Megaworld Premier Offices, contributed...

By Philstar – Business
SPNEC ‘Re-IPO’ Eyed by 2027
NewsFeb 22, 2026

SPNEC ‘Re-IPO’ Eyed by 2027

SP New Energy Corp (SPNEC) plans a re‑IPO by 2027 after merging its assets with Meralco’s renewable arm MGreen. The move follows the successful energisation of the MTerra Solar project, a 3,500‑MW solar farm paired with a 4,500‑MWh battery system....

By Philstar – Business
British Chamber Welcomes Easing of Interest Rates
NewsFeb 21, 2026

British Chamber Welcomes Easing of Interest Rates

The Bangko Sentral ng Pilipinas trimmed its policy rate by 25 basis points to 4.25%, marking a cumulative 225‑basis‑point reduction since August 2024. The British Chamber of Commerce Philippines welcomed the move, arguing it will help revive economic growth and...

By Philstar – Business
AREIT Delivers Strong Profit Growth in 2025
NewsFeb 20, 2026

AREIT Delivers Strong Profit Growth in 2025

AREIT Inc. posted a net income of P9.4 billion in 2025, up 28% year‑over‑year, while revenue rose 26% to P13 billion. The growth was driven by income from recent acquisitions in Cebu, Davao and Cagayan de Oro, adding to stable earnings from its existing...

By Philstar – Business
First Gen Powers Lyceum Satellite Campuses
NewsFeb 18, 2026

First Gen Powers Lyceum Satellite Campuses

First Gen Corp. will supply over 1,150 kW of geothermal electricity to Lyceum of the Philippines University’s satellite campuses in Batangas and Laguna. The deal, enabled by the retail aggregation program, lets the campuses pool demand to meet the 500‑kW threshold...

By Philstar – Business
Exporters Upbeat on Growth This Year
NewsFeb 16, 2026

Exporters Upbeat on Growth This Year

The Philippine Exporters Confederation (Philexport) is confident that export growth will accelerate this year, buoyed by the active Philippines‑South Korea free‑trade agreement and several pending deals. Preliminary data show 2025 merchandise exports reached $84.41 billion, a 15.2% increase over 2024 and...

By Philstar – Business
CLI Teams up with Japan’s NTT Group Anew for Luzon Expansion
NewsFeb 16, 2026

CLI Teams up with Japan’s NTT Group Anew for Luzon Expansion

Cebu Landmasters Inc. (CLI) has signed a new joint‑venture agreement with NTT UD Asia Pte. Ltd., a subsidiary of Japan’s NTT Group, to develop a Japanese‑inspired mixed‑use condominium in Pasig. The venture, operating as CLI Luzon Ventures Inc., will launch the...

By Philstar – Business
Philippines to Shift to More Sustainable Growth
NewsFeb 16, 2026

Philippines to Shift to More Sustainable Growth

The Philippines has largely won the fight to tame inflation.

By Philstar – Business
Philippines, Indonesian Nickel Miners Forge Cooperation Agreement
NewsFeb 16, 2026

Philippines, Indonesian Nickel Miners Forge Cooperation Agreement

The Philippine Nickel Industry Association (PNIA) and Indonesia Nickel Miners Association (APNI) have signed a cooperation agreement to align investment confidence, policy dialogue, and responsible mining across the nickel value chain. The pact outlines five collaboration pillars—data sharing, industry dialogue...

By Philstar – Business
SteelAsia’s Finance Framework Rated Best in Region
NewsFeb 12, 2026

SteelAsia’s Finance Framework Rated Best in Region

SteelAsia Manufacturing Corp. earned Moody’s SQS2 rating, the highest sustainable‑finance grade in the region, confirming its low‑carbon strategy. The framework, designed with ING’s guidance, integrates renewable energy, modern equipment and rain‑water recycling across its operations. SteelAsia is expanding green‑steel capacity...

By Philstar – Business
Former ALI Exec Named ICCP Chair/CEO
NewsFeb 12, 2026

Former ALI Exec Named ICCP Chair/CEO

Augusto Bengzon, former chief finance officer of Ayala Land Inc., has been appointed chairman and chief executive officer of Investment and Capital Corp. of the Philippines (ICCP). Bengzon brings 18 years of financial‑services experience, including 16 years at Citibank across...

By Philstar – Business
Maynilad, Apex Mining Added to MSCI Philippines Small Cap Index
NewsFeb 12, 2026

Maynilad, Apex Mining Added to MSCI Philippines Small Cap Index

Maynilad Water Services and Apex Mining have been added to the MSCI Philippines Small Cap Index following the February 2026 index review. Maynilad debuted on the Philippine Stock Exchange last November after raising P34.3 billion, the second‑largest IPO in PSE history....

By Philstar – Business