- Petron profit jumps 84% to P15.6B on higher domestic sales
LISTED oil refiner Petron Corp. reported an 84% increase in net income to P15.6 billion in 2025, driven by sustained domestic volume growth, improved refinery productivity, and lower costs. Revenues declined by 7% to P810 billion from P868 billion in 2024 due to weaker international prices, the company said in a statement on Tuesday. Petron
- Maynilad allocates P7.7B to reduce water losses
WEST ZONE concessionaire Maynilad Water Services, Inc. is earmarking around P7.7 billion for initiatives to reduce water losses and maximize available water supply across its service areas. In a briefing on Tuesday, Ryan B. Zamora, Maynilad’s head for Central Non-Revenue Water (NRW), said most of the allocated investment will be used for pipe replacement. “Recovering
- Globe Business seen capturing early IoT opportunities in Philippines — BMI
GLOBE BUSINESS, the corporate arm of Globe Telecom, Inc., is positioned to capture early growth in the Philippines’ nascent Internet of Things (IoT) market through its partnership with cellular IoT solutions provider Aeris, according to a report by BMI, a Fitch Solutions company. The report, dated March 2, noted that the collaboration leverages Aeris’ IoT
- Meralco projects 3% rise in energy sales volume for 2026
POWER DISTRIBUTOR Manila Electric Co. (Meralco) expects a 3% increase in its energy sales volume this year, supported by the expected normalization of electricity demand as temperatures stabilize. Meralco Senior Vice-President Ferdinand O. Geluz said the company is relying on a less severe “organic contraction” compared with last year, which came off a high base
- SMX logs 10% event growth, 34% rise in visitors in 2025
SMX CONVENTION Center, the meetings and exhibitions arm of SM Prime Holdings, Inc., recorded 1,632 events across its eight properties in 2025, up 10% from 1,480 in 2024. Visitor traffic increased 34% to 8.54 million in 2025 from 6.37 million a year earlier, driven by a higher number of booked events, the company said in
- AbaCore leases Montemaria site with option to purchase
LISTED holdings firm AbaCore Capital Holdings, Inc. (ABA) has entered a lease-with-option-to-buy deal for its 100-hectare Montemaria tourism project in Batangas City, aiming to accelerate the development of the estate. In a statement on Tuesday, ABA subsidiary Philippine Regional Investment Development Corp. (PRIDE) said it signed a memorandum of agreement (MoA) with Montemaria Resort OPC
- PLDT, FPIP renew partnership for connectivity
PLDT INC., through its corporate arm PLDT Enterprise, has renewed its partnership with Lopez-led First Philippine Industrial Park (FPIP) to provide connectivity and integrated digital solutions to its locators. “Through the renewal of our partnership with FPIP, we look forward to further supporting and elevating the park’s expanding ecosystem with reliable connectivity and integrated digital
- SEC issues advisory on unregistered ‘Salmon’ and ‘Mabilis’ lending apps
THE SECURITIES and Exchange Commission (SEC) has issued an advisory against two unauthorized platforms, cautioning the public that they are allegedly offering credit or loan services without the required registration or license. In a March 2 advisory, the regulator said records showed that platforms named “Salmon Credit/Salmon Credit Cash Loan App” and “Mabilis Credit/Mabilis Credit-Quick
- EEI secures P1.6-billion real estate contracts
EEI CORP. has secured P1.6 billion worth of real estate contracts in the first two months of 2026, bringing the listed construction company closer to its order book target. “This is a positive development to start in 2026. With these residential and hospitality projects, we push our diversified portfolio further to regional markets and expand
- How PSEi member stocks performed — March 3, 2026
Here’s a quick glance at how PSEi stocks fared on Tuesday, March 3, 2026.