CIC Chief Executive Officer Ariel Fermin Concepcion Industrial Corporation (CIC), the country’s leading provider of consumer lifestyle and enterprise solutions, reported a 55 percent jump in consolidated earnings to ₱287.4 million for the first quarter of the year. In a disclosure to the...
Petron Corporation has filed its registration statement with the Securities and Exchange Commission in line with its plan to raise ₱32 billion from the issuance of bonds. Philippine Rating Services Corporation (PhilRatings) said it has assigned Petron’s proposed bond issuance of ₱25 billion,...
Zobel-led Ayala Corporation, the country’s oldest conglomerate, is seeking to expand its consumer retail business after the initial success of its investment in Australian home and lifestyle brand Anko. “We entered the retail space by partnering with Kmart of Australia in setting up the...
Stock investors are seen to remain cautious, despite last week’s strong performance, and will continue to watch for developments related to US trade and tariff negotiations although the start of the first quarter earnings season may inject some life into the local mark” “The local market rose...
Leaders from De Los Santos Medical Center and mWell with guests and partner companies during the launch of the Corporate Clinic Management system powered by mWell HealthSuite. Metro Pacific Investment Corporation announced the partnership of its units mWell, the Philippines’ fully integrated...
Pacific Online Systems Corporation, the lottery unit of the SM Group’s Belle Corporation, reported that its consolidated earnings almost doubled to ₱25.3 million in the first quarter of 2025 from the ₱13.4 million posted in the same period last year due to higher dividend and lower interest...
The Department of Energy (DOE) lauded the 10-year extension granted to the Power Sector Assets and Liabilities Management Corp. (PSALM), a move that will enable the state-run enterprise to fulfill its remaining obligations. Energy Secretary Raphael P.M. Lotilla said in a statement that PSALM’s...
Manila Electric Co.’s (Meralco) power generation arm, Meralco PowerGen Corp. (MGen), is targeting to commence electricity supply from its 1,200-megawatt Atimonan coal plant by 2029 or 2030, subject to government approval. Speaking to reporters on the sidelines of the Meralco Giga Summit 2025,...
The joint expressway project of Metro Pacific Tollways Corp. (MPTC) and San Miguel Corp. (SMC) in Southern Tagalog is set to begin construction soon, even as merger talks between the tollway giants remain on the backburner. MPTC Chairman Manuel V. Pangilinan said the two companies have...
FDC President and CEO Rhoda A. Huang Gotianun-led Filinvest Development Corp. (FDC) announced that its board of directors has approved the declaration of cash dividends amounting to ₱1.21 billion. During the firm’s annual stockholders’ meeting, FDC said its board approved the declaration of...
Ayala Corporation Chairman Jaime Augusto Zobel de Ayala Zobel-led Ayala Corporation, the country’s oldest conglomerate and among the most prestigious, is aiming to surpass its performance in 2024, its strongest year ever, by bringing its smaller and newer businesses to profitability in about two...
Philex Mining Corporation reported a 32 percent drop in core net income to ₱71 million in the first quarter of 2025 from the ₱105 million earned in the same period last year as higher costs offset the impact of rising metal prices. In a disclosure to the Philippine Stock Exchange, the firm said...
