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Ayala, Thai partner bring Makro back to the Philippines

MANILA, Philippines — Grocery chain Makro is coming back to the Philippines after nearly two decades, with the Ayala group and its Thai partner taking charge. This time, Makro will have modern facilities that are no longer exclusive to members. Ayala Corp. subsidiary ACX Holdings Corp. on Wednesday signed a partnership deal with Thai firm

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Coconut exports seen to grow 15%

MANILA, Philippines — Amid fluctuating prices, revenues from coconut exports are projected to reach up to $3 billion in 2026 because of the expected increase in production and steady demand. This is according to the United Coconut Association of the Philippines Inc. (UCAP), whose forecast represents a 15.4 percent increase from its 2025 estimate of $2.6

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China’s Alibaba teams up with Nvidia on AI robot tech

BEIJING, China — Alibaba announced on Wednesday a “milestone collaboration” in artificial intelligence (AI) tech with US chip giant Nvidia that the Chinese company said will accelerate its development of humanoid robots. The news came as Alibaba’s shares soared more than 9 percent in Hong Kong after chief executive Eddie Wu unveiled plans to further ramp

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GSIS chief stands by Alternergy, Digiplus investments; windfall cited

MANILA, Philippines — Government Service Insurance System (GSIS) President Jose Arnulfo Veloso defended the pension fund’s investment in Alternergy Holdings Corp. and DigiPlus Interactive Corp., citing windfall from both listed companies. Veloso said the GSIS had already made P139 million from its exposure to online gaming firm DigiPlus, while its P1.45-billion investment in Alternergy, a

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UAAP: Ateneo edges UE for 2-0 start in men’s basketball

MANILA, Philippines—Ateneo had to dig deep for its second straight win in the UAAP Season 88 men’s basketball tournament. The Blue Eagles escaped the University of the East, 62-60, on Wednesday at UST Quadricentennial Pavilion to keep their record unblemished after two games. SCHEDULE: UAAP Season 88 basketball tournament “Not the best performance but I