Chinabank hikes dividends, declares P6.7B payout
China Banking Corp., a banking affiliate of the Sy Group, said its board has approved a total cash dividend payout of P6.7 billion, reflecting the bank’s strong financial performance and commitment to rewarding shareholders.
ADB mobilizes $39.2B to drive development
The Asian Development Bank (ADB) committed USD24.3 billion from its own resources in 2024, alongside USD14.9 billion in co-financing from global partners, to tackle the most pressing development challenges across Asia and the Pacific.
Tanduay’s record profits fuel LTG growth amid strategic streamlining
Tanduay Distillers, Inc. (TDI) reported a record net income of P2.15 billion in 2024, a 37 percent jump from P1.57 billion the previous year, driven by strong liquor and bioethanol sales and strategic price hikes.
ENEX eyes LNG power project in Batangas
Ayala-led ENEX Energy Corp. reaffirmed its commitment to developing a liquefied natural gas (LNG)-fired power plant in Batangas, but clarified that the project will only proceed upon securing a long-term offtake agreement through a Competitive Selection Process (CSP).
ACEN launches up to P30-B stock rights offer to fuel renewable expansion
ACEN Corp. has secured board approval for a stock rights offering (SRO) that aims to raise up to ₱30 billion, a strategic move to accelerate the company’s renewable energy expansion and manage debt, company executives said on Wednesday.
