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Ayala Corp. invests big in social infra. It explains why it has lasted for 192 years.
By Tony Lopez Amid a grim economic environment, the Philippines’ oldest conglomerate, Ayala Corp. (AC), still manages to create excitement across significant sectors of business. Ayala’s partner for more than half a century, giant Mitsubishi of Japan, is pouring $700 million in equity into the conglomerate. That’s P44 billion of almost free cash. (See related…
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THE END IS NEAR
By TONY LOPEZ The House impeachment prosecution panel has concluded its presentation of evidence to convict Sara Zimmerman Duterte and oust her as the country’s vice president. The ouster is for life from any public office. Testimonial and pieces of evidence for three Articles of Impeachment were presented before the Senate impeachment court (IC) during…
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Francis Lim at SEC
By TONY LOPEZ There is a new man at the Securities and Exchange Commission (SEC). During his seven-year term, the veteran litigation and corporate law lawyer of 40 years, Francis Ed. Lim will focus on three things – reform the Philippine Stock Exchange, ease doing business (EOB), especially for small and medium businesses, and make…
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The GCash phenom
By TONY LOPEZ The price per share of the Philippines’ biggest e-wallet, GCash, was pegged at P6.60 on Oct. 1, 2026. At P6.60 per share, Mynt, Inc., the owner of GCash, is valued at P441.534 billion, with 66.9 million shares outstanding. Mynt is selling up to 9.23 billion shares worth P61 billion in the largest…
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The fall of Sara and Martin
By TONY LOPEZ By year-end, two of the most powerful political personalities and dynasties in the Philippines would have fallen, from the dizzying heights of a breathtaking pinnacle of power to the ravine of ignominy and disgrace – Sara Zimmerman Duterte and former speaker Ferdinand Martin Romualdez. They will be defanged, financially and politically. The…
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HOW THE MIGHTY HAVE FALLEN
The wheels of justice in the Philippines grind over a former president, a sitting VP, a former speaker, 7 incumbent senators, and two congressmen By TONY LOPEZ What a thrilling moment in Philippine history. Never have so many elected officials, among the highest-ranking and most powerful in the land, been investigated, prosecuted, charged, hunted down,…
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THE FIRST TWO-TRILLION COMPANY IN REVENUES
SMC 2026 sales should hit P2 trillion, a new record By TONY LOPEZ Fearless forecast: San Miguel Corp. (SMC) will hit P2 trillion in consolidated revenues in 2026, becoming the first Philippine industrial conglomerate to have 2,000 billion pesos in annual sales and bolstering its unrivaled position as the country’s largest company in sales. SMC…
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Where ARTA reforms resonate
By Secretary Ernesto V. Perez ARTA Secretary and Director General (8th State of the ARTA Address, May 22, 2026) Distinguished members of the Cabinet, honorable officials of the national government, our partners in local government, representatives from the diplomatic corps, representatives from the private sector, our development partners, fellow public servants, the men and…
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