Of the total capex, P67 billion—the largest portion—will be allocated to SM Residences and integrated property developments. — SM CITY ILOILO FB PAGE/PHILSTAR FILE PHOTOSM PRIME Holdings, Inc. announced plans to allocate P100 billion in capital expenditures (capex) this year, with the majority directed toward

TJ MONTERDE at the launch of The Official Philippines Chart.THIS YEAR, the reach of Filipino music will be legitimized thanks to the new The Official Philippines Chart, an industry-backed weekly chart that showcases top-performing tracks from local and international artists in the country. It is

PHILIPPINE STAR/RYAN BALDEMORPOWER DISTRIBUTOR Manila Electric Co. (Meralco) saw its core net income rise by 22% to P45.1 billion in 2024, driven by growth in its distribution, power generation, and retail electricity supply (RES) businesses. This exceeded its profit guidance of P43 billion for the year.“2024

1 of 2THERE ARE Taylor Swift fans, or Swifties, in all corners of the globe, and the Philippines is one of the biggest hotspots. Because of this, the Taylor Swift: A Spotify Playlist Experience has landed in Manila to sold out tickets.Following a successful premiere

GLOBE.COM.PHAYALA-LED Globe Telecom, Inc. has completed the sale of its 56 towers for a total of P706 million to MIESCOR Infrastructure Development Corp. (MIDC) and Phil-Tower Consortium, Inc. (PhilTower).In separate disclosures on Monday, Globe said it had completed the sale of 44 towers for approximately

STI WEST NEGROS UNIVERSITY — STI.EDUSTI EDUCATION SYSTEMS Holdings, Inc. saw its attributable net income rise by 76% to P902.54 million for the six-month period ending December 2024, driven by higher enrollment.The listed educational institution reported consolidated revenue of P2.63 billion for the first half

1 of 13Nina to perform at Bar 360 in NewportORIGINAL PILIPINO MUSIC singer Nina is returning to Newport World Resorts as she takes the stage of Bar 360 on Feb. 26 at 10:15 p.m. Attendees must pay a minimum cover charge of P2,000, consumable on

CTA.JUDICIARY.GOV.PHTHE COURT of Tax Appeals (CTA) has ruled in favor of Holcim Philippines Manufacturing Corp., canceling a P355.48-million deficiency capital gains tax (CGT) assessment previously levied by the Bureau of Internal Revenue (BIR), citing that the BIR’s right to assess the tax had expired. The tax

BW FILE PHOTOTHE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Monday as rates barely moved after the Bangko Sentral ng Pilipinas (BSP) said it will cut banks’ reserve requirement ratios (RRRs) further.The Bureau of the Treasury (BTr) raised P22

PH1 WORLD Developers, Inc. (PH1WD) reported strong take-up for One Lancaster Park (OLP) in Imus, Cavite, with its first two towers reaching 96% and 60% sold, respectively.Its third tower, launched in January, has achieved a 30% sales rate.Meanwhile, OLP’s fourth tower is scheduled for launch

JAKUB ZERDZICKI-UNSPLASHHenry, the managing director of a facade maintenance company based in Manila, was having a great day — until he walked into his client’s office. Instead of collecting a promised P3 million check, he was met with a casual apology. “You’ll have it next

DMCIHOMES.COMDMCI HOMES, Inc. plans to invest P6.55 billion in developing The Erin Heights, a 55-storey high-rise condominium in Quezon City, slated for turnover by October 2027.The project is expected to generate P12.3 billion in revenues, Dennis O. Yap, vice-president for project development at DMCI Homes,