The Philippines’ economy expanded by 5.7% in the first quarter of 2024, slower than the 6.4% growth in the same period last year, as inflation and high borrowing costs weighed on domestic demand.

This story is part of Forbes’ coverage of Philippines’ Richest 2024. See the full list here. The 5.3 billion-peso ($91 million) June IPO of Citicore Renewable Energy Corp. (CREC), one of the largest ...

Jollibee Foods—controlled by billionaire Tony Tan Caktiong and his family—said it agreed to buy Compose Coffee chain in a deal valuing the South Korean company at $340 million as the Philippines’ ...

Forbes contributors publish independent expert analyses and insights. Rick Helfenbein is focused on retail, trade, and politics. USA retail is slowing down and the Philippines could surely help.

Alibaba cofounder Jack Ma came together with Globe Telecom, Mynt and Ayala to bring GCash to the Philippines in 2017. Ayala Corp., the holding company of billionaire Jaime Zobel de Ayala and his ...

MEGAWORLD President Lourdes Gutierrez-Alfonso has been included in Forbes' 50 over 50 Global list. Gutierrez-Alfonso is the ...

WELLINGTON, NEW ZEALAND - JULY 25: Sarina Bolden of Philippines celebrates after scoring her team's first goal during the FIFA Women's World Cup Australia & New Zealand 2023 Group A match between New ...