THE PHILIPPINES is still classified as a lower middle-income country after just missing the threshold to achieve upper middle-income country (UMIC) status, according to the World Bank. The World ...

THE DEPARTMENT of Trade and Industry (DTI) on Wednesday warned that the Trump administration’s “One Big Beautiful Bill (BBB) Act” may have a negative impact on Philippine enterprises involved in ...

CAMPOS-LED Del Monte Pacific Ltd. (DMPL) said its United States subsidiary Del Monte Foods Holdings Ltd. (DMFHL) has filed for Chapter 11 bankruptcy and is seeking buyers for its assets.

LISTED oil giant Petron Corp. said on Wednesday that it has completed the offering of up to P32 billion worth of fixed-rate retail bonds. The offering consists of up to P25 billion in retail bonds, ...

DISCOVERY HOSPITALITY CORP. (DHC) said it is boosting its use of digital tools while continuing to offer its signature Filipino-style service amid global travel challenges.

NORTHERN SUN POWER, Inc. (NSPI), a subsidiary of Aboitiz Power Corp. (AboitizPower), is eyeing the development of an P18.6-billion solar power project in Currimao, Ilocos Norte, which is targeted for ...

TERM DEPOSIT YIELDS dropped further on Wednesday as the offer fetched strong demand and amid bets that the Bangko Sentral ng Pilipinas (BSP) will continue its easing cycle as June inflation likely ...

INTERNATIONAL Business Machines Corp. (IBM) is optimistic on the growth of artificial intelligence (AI)-driven asset management solutions in the Philippines as companies look for cost-effective ways ...

EXPANSION PLANS Eat Pizza in Korea, according to Mr. Tan, has 120 stores, while its branches in Singapore number about nine. They opened in the Philippines in the last quarter of last year and in less ...