Ayala Land raising P55B in 2025 as capex, refinance Debt
Real estate giant Ayala Land Inc. (ALI) announced plans to raise ₱55 billion in 2025 to support its aggressive capital expenditure program and refinance maturing obligations, underscoring its strategic pivot toward high-end real estate and commercial land development amid shifting market dynamics.
ADB mobilizes $39.2B in 2024 to boost growth and resilience in Asia-Pacific
The Asian Development Bank (ADB) committed a record USD39.2 billion in 2024 to tackle critical development challenges across Asia and the Pacific, underscoring its growing economic influence and strategic shift toward more impactful, resilient investments.
Sanyo Denki powers shift to full renewable energy with First Gen partnership
Sanyo Denki Philippines, Inc., the local manufacturing arm of Japan’s Sanyo Denki Co. Ltd., has signed a landmark deal with First Gen Corp. to source 100 percent of its electricity from renewable energy (RE), marking a major step in its global sustainability push.
PXP Energy widens loss on weaker Galoc output, lower oil price
PXP Energy Corp., a publicly listed oil and gas exploration firm, reported a first-quarter net loss of P9.4 million, significantly wider than the P2.6 million loss posted during the same period last year.
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.
