Category Business

Hong Kong firm bets $1-B on Manila casino

International Entertainment Corporation (IEC) is doubling down on the Philippines, earmarking up to $1.2 billion to transform its Manila hotel-casino complex and ride the country’s booming gaming market. The Hong Kong-listed firm secured a provisional license from the Philippine Amusement…

Phl unveils first AI hyperscale data center

PLDT’s data center subsidiary Vitro Inc. opened the Philippines’ first hyperscale facility purpose-built for artificial intelligence (AI) workloads on Wednesday, a move the company says signals the country’s ambition to become a digital hub in Southeast Asia. Vitro Sta. Rosa…

Phl stocks take breather ahead of Holy Week break

Philippine shares ended lower in a holiday-shortened trading week, as investors trimmed positions and booked profits ahead of the Holy Week break. The Philippine Stock Exchange index (PSEi) retreated 0.83% on Wednesday to close at 6,134.62, snapping a cautious week…

FFCCCII elects Victor Lim as top leader

The Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. (FFCCCII) elected Victor Lim as its new president on Sunday, capping a three-day national convention where more than 800 delegates from 170 chambers cast their votes under SGV Group’s supervision.…