Philippine Savings Bank (PSBank), a subsidiary of Metropolitan Bank & Trust Co. (Metrobank), reported a 33-percent drop in net income to ₱3.5 billion last year from the record-high ₱5.21 billion earned in 2024 due to higher credit provisions in 2025. In a disclosure to the Philippine Stock...
Ty-led Metropolitan Bank & Trust Co. (Metrobank) is planning to issue its first Association of Southeast Asian Nations (ASEAN) sustainability peso-denominated fixed-rate bonds to raise at least ₱5 billion, with an oversubscription option and a tenor of 1.5 years. In a disclosure to the Philippine...
Ty-led Metropolitan Bank & Trust Co. (Metrobank) reported another banner year as net income grew 17 percent to another all-time high of ₱49.7 billion last year from the ₱42.2 billion earned in 2024. The bank said profit growth was supported by modest asset expansion, resilient margins, healthy...
High-net-worth and ultra-high-net-worth individuals are shifting their focus to Asia and emerging markets (EMs), particularly equities and fixed-income instruments, which are seen to offer the best rewards for their investments in 2026. Ty-led Metropolitan Bank & Trust Co. (Metrobank) noted that...
The Securities and Exchange Commission (SEC) has authorized La Union Electric Co. Inc. to proceed with a ₱251 million direct public offering, the second utility to utilize the regulator’s expedited registration process to fund infrastructure upgrades. The San Fernando-based power distributor...
A Brown Co. Inc. (ABCI) is cleaning up its portfolio by recognizing losses on three projects investing in liquefied natural gas (LNG), railway, and palm oil businesses that have not been moving along as planned. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its board of...
Pangilinan-led Metro Pacific Investments Corp. (MPIC) sustained its strong growth momentum in the first nine months of 2025, with consolidated core net income rising 14 percent to ₱23.6 billion from ₱20.8 billion for the same period last year. The firm said improved financial and operational...
Hong Kong-based investment holding firm First Pacific Co. Ltd. expects its earnings to continue its upward trajectory through increased contributions from its Philippines businesses, Philex Mining Corp., and digital bank Maya. In a virtual investor conference, First Pacific stated that the two...
Metropolitan Bank & Trust Co. (Metrobank) announced a record ₱37.3 billion in net earnings in the first nine months of the year, a 4.3 percent increase from 2024, driven by strong loan growth, improved margins, and healthy trading income. In a disclosure to the Philippine Stock Exchange, the bank...
SP New Energy Corp. (SPNEC) founder Leandro Leviste has sold another 10.83 billion shares in SPNEC to Manila Electric Co. (Meralco) for ₱13.76 billion, marking the completion of a previously announced sale of the Batangas representative’s stake in the solar power company. Leviste said in a...
Manila Electric Co. (Meralco), the country’s largest power distributor, reported a 14 percent surge in consolidated core net income for the first nine months of the year, driven by robust performance in its power generation businesses that more than offset a slight decline in electricity...
Instead of an initial public offering for its green energy businesses under MGen Renewable Energy Inc. (MGreen), Manila Electric Company (Meralco) is planning a re-IPO after all of its assets has been consolidated under SP New Energy Corporation (SPNEC). “We’re likely to inject our renewable...
