Semirara profit dips as volumes weaken
Semirara Mining and Power Corp., the country’s main coal producer, reported a 12 percent decline in first-quarter net income to P3.8 billion from P4.4 billion a year earlier, as softer coal shipments and weaker power generation offset relatively steady pricing, highlighting operational headwinds even as global coal benchmarks remained firm.
PXP Energy widens Q1 loss, eyes oil prospects
PXP Energy Corporation reported a wider first-quarter loss as higher financing costs and weaker crude prices offset modest revenue gains, while signaling a continued push to rebuild its upstream portfolio amid maturing assets.
SM Retail eyes provinces with 300 new stores
SM Retail is accelerating its push into provincial markets, planning to open about 300 new stores in 2026 as it doubles down on value-driven merchandising amid intensifying competition.
MacroAsia rebrands unit, expands shared services hub
MacroAsia Corp., one of the investment holding companies of tycoon Lucio Tan, said its wholly owned subsidiary has secured regulatory approval to change its corporate identity and broaden its business scope, marking a shift toward a centralized shared services model.
Megaworld raises P1.27B via MREIT shares sale
Megaworld Corp., the listed property development arm of billionaire Andrew Tan, has raised about P1.27 billion from a block sale of shares in MREIT Inc., as it continues to recycle capital and fund ongoing developments.
