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.
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.
