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Volkswagen pulls out of Philippine automotive market

MANILA, Philippines — The Ayala group’s Automobile Central Enterprise Inc. (ACEI) has come into an agreement with Volkswagen AG to end the distribution of the German brand’s vehicles in the Philippines. ACEI, the exclusive distributor of Volkswagen vehicles in the country, said in a notice to customers that, considering this, Volkswagen BGC would continue its

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4th time this year: RFM declares P300-M cash dividend

MANILA, Philippines — The board of RFM Corp. has approved a P300-million cash dividend, the fourth dividend declaration for the year. The cash dividend, equivalent to P0.08903 per share, will be payable on Oct. 22 to stockholders with record date as of Oct. 1. This fourth dividend declaration puts the total cash dividend for 2025 to

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Actions for claiming land ownership and possession

In a recently decided case, the Supreme Court explained the different actions for claiming land ownership and possession. Lea Victa-Espinosa bought a parcel of land. When she had it surveyed, she discovered that parts of the land were occupied by the spouses Noel and Leny Agullo. Espinosa demanded that the Agullos vacate the portion belonging