Better interest margin, trading gains lift Security Bank 1H profit
Security Bank Corp., the country’s seventh-largest lender by assets, said strong revenue growth and improved margins lifted its net income in the first half of the year by 8 percent to P5.9 billion.
Ilijan Plant cleared by PEMC, undercuts ERC order’s basis
San Miguel Global Power (SMGP) emphasized the regulatory primacy of the Philippine Electricity Market Corp. (PEMC) after its market surveillance committee (MSC) and board cleared the Ilijan Gas Power Plant of any violation over its June 2022 outage — directly challenging a recent show cause order issued by the Energy Regulatory Commission (ERC).
House of Investments bares P22-B capex plan through 2026
Yuchengco-led House of Investments, Inc. (HI) has announced a P22-billion capital expenditure program running through 2026, aimed at expanding its energy, property, and education businesses, in line with the group’s long-term growth and sustainability goals.
Ayala Corp. weathers core profit slip with strategic gains
Ayala Corp. reported a 2 percent decline in core net income to ₱23.7 billion for the first half of 2025, highlighting a modest setback in recurring profitability.
Hilton, Ayala to open Canopy Hotel in Makati by 2026
Hilton Worldwide Holdings Inc. and Ayala Land Hospitality Inc. have announced the upcoming opening of Canopy by Hilton Makati in 2026, marking the debut of Hilton’s lifestyle Canopy brand in the Philippines.
