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McDonald's Exec Says $18 Big Mac Meal Is "Exception," Not the Rule
A top McDonald's executive has decried "poorly sourced reports" that the fast-food giant has hiked its prices faster than inflation.

By The Financial District
Jun 1, 20242 min read


Meralco Powers Up Philippines' Largest Data Center
Meralco Energy, Inc. (MSERV) has been selected to install electrical facilities at ST Telemedia Global Data Centres (STT GDC) Philippines...

By The Financial District
Jun 1, 20243 min read


Alsons Ramps Up Energy Projects As It Foresees Sustained Rise In PH Power Demand
Alsons Consolidated Resources (ACR) announced that it is accelerating the development of its renewable energy projects and exploring...

By The Financial District
May 31, 20242 min read


Investor Nelson Peltz Sells Disney Stake After Proxy Battle Loss
Activist investor Nelson Peltz has sold his entire Disney stake.

By The Financial District
May 31, 20241 min read


Saudi Arabia Plans Aramco Share Sale In June
Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region's...

By The Financial District
May 31, 20241 min read


Meralco Restores Electricity Service To Typhoon Aghon Affected Areas
The Manila Electric Co., or Meralco, announced that it restored electricity to areas affected by Typhoon Aghon at 10:00 p.m. on May 28.
By Reggie Vizmanos
May 31, 20241 min read


Apple Insists U.S. Antitrust Lawsuit Should Be Dismissed
Apple said it plans to ask a US judge to dismiss a lawsuit filed by the Justice Department and 15 states in March that alleged the iPhone...

By The Financial District
May 31, 20241 min read


Judge Rules Social Media Platform X Subject To State Anti-Discrimination Law
An Australian judge has ruled that the social media platform X is subject to a state’s anti-discrimination law even though it does not...

By The Financial District
May 31, 20241 min read


Toyota, Mazda, Subaru To Develop New Engines In Hybrid Push
Toyota Motor Corp., Mazda Motor Corp., and Subaru Corp. will each develop engines to enhance the performance of their electric vehicles...

By The Financial District
May 31, 20241 min read


Globe Forms Group For AI Adoption And Development
Globe Telecom, Inc. has formed a new group to lead the company’s adoption and development of artificial intelligence (AI) for its business..
By Reggie Vizmanos
May 31, 20241 min read


Ginebra San Miguel Marks Q1 Of 190th Year With 17% Surged PHP15.1 Billion Revenues
Ginebra San Miguel Inc. (GSMI), the hard liquor arm of San Miguel Corporation (SMC) and producer of the world’s largest-selling gin...
By Reggie Vizmanos
May 31, 20242 min read


PEZA And Megaworld Ink Deal For PHP818-M ArcoVia City With IT-BPM Park In Pasig
The Philippine Economic Zone Authority (PEZA) has signed a deal with Megaworld Corp. for the development of the PHP818 million ArcoVia...
By Reggie Vizmanos
May 31, 20242 min read


Meralco Triumphs At The 2024 Asia-Pacific Stevie Awards
The Manila Electric Company (Meralco) has once again proven its leadership in innovation and sustainability by winning five prestigious...

By The Financial District
May 30, 20243 min read


Stellantis To Produce Hybrid Version Of 500e In Italy
Fiat owner Stellantis is expected to announce a hybrid version of its 500e small EV to be produced at its Mirafiori plant in Italy.

By The Financial District
May 29, 20241 min read


Luciano Benetton Quits As Chairman Of Family-Run Brand
Luciano Benetton, a co-founder of the apparel brand, said he was stepping down as...

By The Financial District
May 29, 20241 min read


Nissan Pauses EV Sedan Development In The U.S.
Nissan Motor Co. has paused development plans for two battery-powered sedans while expanding its electric vehicle (EV) lineup to five...

By The Financial District
May 29, 20241 min read


ASML, TSMC Can Disable Chip Machines If China Invades Taiwan
ASML and TSMC could remotely disable the EUV chip-making machines that only the former manufactures.

By The Financial District
May 28, 20241 min read


PT&T Announces Movement Of Two Officials To Parent Company Menlo Capital
Philippine Telegraph & Telephone Corp. (PT&T) has announced the movement of two of its management representatives to its parent company...
By Reggie Vizmanos
May 28, 20242 min read


Nvidia Cuts China Prices In Huawei Chip Fight
Nvidia's most advanced AI chip developed for the China market has got off to a weak start, with abundant supply forcing it to be priced...

By The Financial District
May 28, 20241 min read


Washington Post Reports $77 Million Loss In 2023
Will Lewis, the newly appointed publisher and chief executive of the Washington Post, has addressed staff at the company’s DC headquarters..

By The Financial District
May 28, 20241 min read


Premier Li Qiang Urges Samsung To Invest More in China
Chinese Premier Li Qiang told Samsung Chairman Jay Y. Lee that China welcomed more investments by the Korean conglomerate.

By The Financial District
May 28, 20241 min read


Indonesia Probes Shopee, Lazada For Breaching Competition Rules
Indonesia's anti-trust agency said it is investigating the local units of e-commerce platforms Shopee and Lazada for suspected violations...

By The Financial District
May 28, 20241 min read


Micron Hit with $445 Million U.S. Verdict In Netlist Patent Case
Chipmaker Micron Technology owes computer-memory company Netlist $445 million in damages for violating Netlist's patent rights in memory...

By The Financial District
May 28, 20241 min read


Customs Install Top-Notch Airport Scanning Machines
The Bureau of Customs (BOC) has taken a significant step toward enhancing airport security by installing state-of-the-art scanning...

By The Financial District
May 28, 20242 min read
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