Phinma posts 27% 1Q net income growth, eyes expansion in education, housing
Diversified conglomerate Phinma Corp. reported a 27 percent year-on-year increase in first-quarter net income, reaching ₱562.62 million from ₱490.53 million in the same period last year, driven by strong performance in education and construction materials despite losses in its construction and property development segments.
Meralco cuts May rates amid power supply stability
Manila Electric Co., the country’s largest power distributor by sales, announced on Tuesday a significant reduction in electricity rates for May, lowering the overall rate to P2.2628 per kiloWatt-hour from P13.0127 in April.
Residential sales, leasing gains lift Filinvest Land 1Q earnings
Filinvest Land Inc., the listed property development arm of the Gotianun Group, posted a 3 percent increase in first-quarter net income to P905 million, driven by stronger residential sales, higher leasing revenues, and improved cost efficiency.
Telecom, energy units weigh down Ayala 1Q earnings
Ayala Corp., the diversified holding company of the Ayala Group, reported a 3.7 percent decline in net income to P12.6 billion in the first quarter, weighed down by one-off items and weaker contributions from its telecom and energy units.
Smoke at NAIA T1 traced to power bank, incident quickly contained —NNIC
The New NAIA Infra Corp. (NNIC) confirms that on Monday, 12 May 2025, a smoke incident occurred at Ninoy Aquino International Airport (NAIA) Terminal 1, which was promptly addressed with no injuries or damage to airport facilities.
