Pangilinan-led PLDT Inc. reported that its income fell by eight percent in the first quarter of the year as the telecommunications giant faces a market slump driven by global economic uncertainties. In a disclosure to the Philippine Stock Exchange (PSE), PLDT said its overall core income declined...
The solar subsidiary of Manila Electric Co. (Meralco) announced that it is set to power grocery chain Landers Superstore with solar energy. In a statement on Thursday, May 15, MSpectrum Inc. said it has partnered with Southeast Asia Retail Inc., the company that manages Landers. Under the...
JG Summit Holdings, Inc. (JGS), the flagship of the Gokongwei Group, is directly shouldering the debts of its petrochemicals subsidiary which will soon be letting go of its workers due to its two-year plant shutdown and possible disposal. During the firm’s annual stockholders’ meeting, JG...
Uy-led fiber broadband and technology provider Converge ICT Solutions Inc. saw its net income grow by 18 percent in the first quarter of the year as its enterprise segment, which includes its offering of Starlink, continues to attract businesses and government agencies. In a disclosure to the...
Balai ni Fruitas, Inc., one of the country’s leading counter-service bakery operators, reported double-digit growth in net income and revenues after it broadened its market reach through new branches and digital platforms. The firm said its net income reached ₱15 million in the first quarter of...
While the Parañaque real estate market has been affected by the ban on POGOs, D.M. Wenceslao and Associates, Inc. (DMW) continued to grow its earnings due to the boost from its new mall. In a disclosure to the Philippine Stock Exchange, the firm said its first quarter 2025 net income grew two...
Early shipment ore shipment and higher nickel prices led to a 1,568 surge in the attributable net income of Global Ferronickel Holdings, Inc. to ₱177.3 million in the first quarter of 2025 from just ₱10.6 million a year ago. The firm reported to the Philippine Stock Exchange that its revenues...
Globe Telecom Inc. said it is adopting advanced generative artificial intelligence (AI) across its business to boost operational efficiency and further improve services. In a statement on Wednesday, May 14, the Ayala-led telecommunications giant said it intends to be at the forefront of the...
JG Summit Holdings, Inc. (JGS), the flagship of the Gokongwei Group, is optimistic that its revenues and core earnings will continue to improve this year although shutdown costs of its petrochemical plant took a sizeable bite out of profits. “We are hopeful that the encouraging trends we are...
Sy-led SM Prime Holdings, Inc. (SM Prime), one of Southeast Asia’s largest integrated property developers, is planning to increase the number of electric vehicle (EV) charging stations installed across its nationwide portfolio as it accelerates its push for sustainable mobility. The firm said it...
Linking Network for Cancer Services Inc. (LiNCS) has marked a groundbreaking milestone in Philippine healthcare with the inauguration of its state-of-the-art genomics facility, Pathfinder Lab. Located at Unit 7D, Strata 100 Building, Emerald Avenue, Ortigas Central Business District, Pasig City,...
After recent declines in earnings, Emperador Inc. ended the first quarter of 2025 on a high note with net income improving by 6.5 percent to ₱1.85 billion as it ramps up its global expansion over the next five years. In a disclosure to the Philippine Stock Exchange, the firm said it is further...
