When Jaime Alfonso Zobel de Ayala took the wheel at ACMobility, the Ayala Group’s automotive arm, his decision to partner with Chinese electric vehicle (EV) giant BYD in late 2023 was viewed by some as a high-risk gamble. Fast forward to 2026, and the gamble didn’t just pay off. It is fundamentally rewriting the country’s automotive landscape.

Security Bank Corp. has placed CEO Victor Lee in temporary charge of its wholesale banking division following the departure of executive John Cary Ong, as the bank maintains continuity in one of its key business segments.

The Sandiganbayan has terminated the remaining proceedings in Civil Case No. 0141 after the PCGG stopped presenting evidence on unresolved Marcos asset claims, effectively closing the decades-long forfeiture case.