- JG Summit income surges to P10.7B on core business gains
JG SUMMIT Holdings, Inc. posted a 175% jump in second-quarter (Q2) net income to P10.7 billion, driven by strong performances in its airline, real estate, and food and beverage businesses, reduced losses in its petrochemical segment, and gains from compensation related to aircraft engine issues. Consolidated revenue grew by 5% to P95.9 billion, while core
- AC Health eyes wider reach with Temasek-backed ABC Impact capital
INVESTMENT FIRM ABC Impact is acquiring around 16% of the Ayala group’s healthcare arm Ayala Healthcare Holdings, Inc. (AC Health) to support the latter’s expansion. ABC Impact, backed by Temasek Trust and investment company Temasek, both headquartered in Singapore, will infuse capital in exchange for a minority stake in AC Health, supporting the healthcare company’s
- Aboitiz, Yuchengco partner to expand TARI Estate in Tarlac
THE ABOITIZ Group’s Lima Land, Inc. is entering into a joint venture (JV) agreement with the Yuchengco group’s listed holding company House of Investments, Inc. (HI) to expand the TARI Estate in Tarlac. Under the JV, the two groups will develop and manage a 184-hectare mixed-use property owned by HI subsidiary Tarlac Terra Ventures, Inc.
- Manila Water expects to complete Wawa project takeover by Sept.
EAST ZONE concessionaire Manila Water Co., Inc. expects to complete the takeover of the Wawa Bulk Water Supply from its parent company, Prime Infrastructure Capital, Inc. (Prime Infra), by September. In a disclosure on Monday, Manila Water said it has signed a share purchase agreement with Prime Infra to buy Prime Infra’s stake in WawaJVCo,
- ACEN International secures $100-M loan for projects
ACEN INTERNATIONAL, Inc., the global arm of ACEN Corp., secured a $100-million loan from MUFG Bank’s Singapore branch, a major Japanese financial institution, to fund its renewable energy projects. The amount will be used to support existing and future renewable energy projects overseas, ACEN said in a regulatory filing on Monday. Currently, the company has
- Cebu Pacific adding international flights to meet holiday demand
BUDGET CARRIER Cebu Pacific said it will add more flights to Bangkok, Da Nang, Melbourne, and Sapporo from October to December to serve more travelers during the holiday season. “As travel demand continues to rise, these expanded services allow us to better connect Filipinos to the rest of the world and welcome more visitors to
- Globe marks 50 years on PSE, commits to narrowing digital divide
MARKING its 50th year as a publicly listed company, Globe Telecom, Inc. reaffirmed its commitment to expand digital solutions and narrow the digital divide across the Philippines. “With a steadfast commitment to inclusive innovation, the company aims to harness the power of digital tools and platforms to ensure that progress is accessible to every Filipino,
- PLDT blocks 10 unregistered crypto exchanges, vows continued funding for cybersecurity
PLDT INC. and its wireless unit Smart Communications, Inc. will continue investing in cybersecurity infrastructure to ensure a secure digital space amid a growing number of frauds and scams, the Pangilinan-led telecommunications company said on Monday. PLDT has blocked access to 10 unregistered crypto exchanges after the Securities and Exchange Commission (SEC) flagged the platforms
- How PSEi member stocks performed — August 11, 2025
Here’s a quick glance at how PSEi stocks fared on Monday, August 11, 2025.
- SEC examining Villar Land’s P1.3-T property appraisals, P1-T profit
THE Securities and Exchange Commission (SEC) said it is reviewing the P1-trillion net income and valuation gains reported by listed property developer Villar Land Holdings Corp. for 2024, along with the company’s share price.