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One-time gain boosts Bloomberry Q1 profit to P3.3B

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Industries

Meralco bills less in May with lower generation, transmission costs

MANILA, Philippines — After three consecutive months of hikes, more than eight million customers of Manila Electric Co. (Meralco) will see cheaper electricity bills this May. The power distributor cut...

Finance

Peaceful polls push up PSEi

MANILA, Philippines — A “generally peaceful” midterm elections propelled the Philippine Stock Exchange Index (PSEi) toward one of its highest closing values this year. By the end of the session...

Consumer & Retail

One-time gain boosts Bloomberry Q1 profit to P3.3B

One-time gain boosts Bloomberry Q1 profit to P3.3B

MANILA, Philippines — Bloomberry Resorts Corp. booked a 26-percent surge in its first-quarter net income to P3.3 billion, owing to a one-time gain recognized in…

Columns

Tourism & Transportation

Cebu Pacific banks on travel frenzy to lift 2025 profit

Budget airline Cebu Pacific is placing its bets on demand for affordable flights to propel growth this year after posting lower earnings in the first…

Foreign News

US reverses Biden-era export controls on advanced AI chips

WASHINGTON, United States — The United States rescinded further export controls Tuesday on advanced computing semiconductors, answering calls by countries that said they were being…

Economy

Trump lays out Middle East vision, new US approach in Iran, Syria

RIYADH, Saudi Arabia (AP) — President Donald Trump on Tuesday held out Saudi Arabia as a model for a reimagined Middle East, using the first…

Communications

Wall Street rises again as the S&P 500 erases its loss for 2025

NEW YORK, United States — Most U.S. stocks rose Tuesday following an encouraging report that showed inflation had unexpectedly slowed across the country in April.…

Industry Movements

Globe data center bags hyperscaler deal for Fairview facility

MANILA, Philippines — Globe Telecom Inc.’s data center arm, STT GDC Philippines, has bagged a global cloud service provider as the first anchor tenant at…

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