Economy

Economy

Mitsubishi Corporation to Expand Stake in Ayala, Raising Voting Rights to 20%

Mitsubishi Corporation will invest roughly 44.5 billion pesos more in Ayala Corporation, raising its economic stake to 15% and voting rights to 20%, deepening a partnership spanning over 50 years.
Economy

Philippine Fuel Surcharge to Drop for Late August, Easing Airfares

The Civil Aeronautics Board (CAB) of the Philippines will lower the fuel surcharge from Level 13 to Level 12 for August 16–31.
Economy

Philippine House Representative Welcomes President Marcos’s Push to Introduce Nuclear Energy

Representative Chin Bernos welcomed President Marcos's call to reconsider nuclear power for energy security, citing the Philippine National Nuclear Energy Safety Act, PhilATOM, and a realistic 2038 timeline for a first reactor.
Economy

San Miguel Corporation and Ramon Ang: The Face of the Philippines’ Largest Conglomerate

San Miguel Corporation (SMC), the Philippines' largest conglomerate with 135 years of history, and Chairman/CEO Ramon S. Ang. Business segments, overseas expansion, Ang's career and Japan ties, and the Kirin Holdings partnership at San Miguel Brewery.