Globe reports 2.4% decline in 1H revenue, bounces back in 2Q
Globe Telecom Inc. reported ₱80.2 billion in consolidated gross revenue for the first half of 2025, a 2.4 percent decline year-on-year from ₱82.2 billion, amid persistent macroeconomic pressures and evolving consumer trends.
President Marcos suspends rice importation for 60 days, starting Sept 1
President Ferdinand Marcos Jr., after consulting select members of his Cabinet, decided to suspend for 60 days the importation of rice to protect local farmers from the influx of cheap rice, said Press Secretary Dave Gomez said Wednesday.
Gold, copper declines weigh on Philex’s first-half earnings
Philex Mining Corp. reported a decline of 8.6 percent in net income for the first half of 2025, posting ₱301 million compared to ₱329.43 million during the same period last year, as lower gold and copper output weighed on financial performance despite higher processing volumes.
ACEN posts sharp profit drop despite renewable output growth
ACEN Corp., the energy platform of Ayala Corp., reported an 88 percent year-on-year decline in consolidated net income to ₱763 million in the first half of 2025, sharply down from ₱6.29 billion in the same period last year.
Petron reports profit dip amid geopolitical, market headwinds
Petron Corp. reported an 11.9 percent year-on-year drop in net income for the first half of 2025, falling to ₱5.3 billion from ₱6.02 billion in the same period last year. The decline underscores the impact of weaker global oil prices and reduced trading activity, particularly at its Singapore operations.
