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Century Pacific revenue gets boost from OEM export, branded segment businesses

Century Pacific Food Inc., a leading food and beverage company, said Wednesday the ongoing recovery of its OEM exports segment and the consistent performance of its branded segment bolstered revenue in the first half by 15 percent to P37.7 billion.

Ayala Land posts 15% growth in 1H net income; capex at P36.5 billion

Ayala Land Inc., one of the largest property developers in the country, said Wednesday first half net income soared 15 percent to P13.1 billion on strong demand in the property sector and active consumer engagement.

CPG announces prize for Carlos Yulo

The Century Properties Group Inc. on Wednesday said it will award a house and lot package to Carlos Yulo for outstanding achievement at the 2024 Paris Games and winning two gold medals in Olympic gymnastics.

Megaworld six-month income rises 11% on higher real estate sales

Property developer Megaworld Corp. on Wednesday reported income growing 11 percent in the first half this year to P9.81 billion from last year’s P8.83 billion on strong real estate sales. 

SM Investments profits lifted by discretionary spending, gains from banking, retail

SM Investments Corp., the flagship investment holding company of the Sy Group, said Wednesday net income in the first half rose 10 percent to P40.2 billion, with earnings gathering traction in the second quarter on improved discretionary spending and gains from operations of banking and property development businesses as well as portfolio investments.

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Philippines courts Japanese capital with banking alliance

The Philippines is sharpening its pitch for Japanese capital, formalizing a three-way partnership between the Board of Investments (BOI), Sumitomo Mitsui Banking Corp. (SMBC), and Rizal Commercial Banking Corp. (RCBC).

AIC flags airport risks amid Middle East conflict

Aboitiz InfraCapital Inc. (AIC) is bracing for potential headwinds to its airport business if tensions in the Middle East drag on and keep fuel prices elevated, a scenario that could begin to bite as early as June.

DOE lauds Visayas utilities for reporting discipline

The Department of Energy (DOE) has recognized MORE Electric and Power Corp. (MORE Power) and Negros Electric and Power Corp. (Negros Power) for timely and complete compliance with key reportorial requirements, highlighting the growing role of high-quality data in managing the country’s power system amid rising demand.

Ayala Malls nears full renewable energy transition

Ayala Malls is accelerating its shift to clean energy, with renewable sources now powering nearly its entire portfolio as the company deepens sustainability efforts while managing costs and growth.
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