Corporate

Filinvest Development Corp. (FDC) and its property arm Filinvest Land Inc. have approved a combined cash dividend payout of about P2.3 billion, signaling steady cash generation from their diversified real estate and financial services portfolio.

Globe Telecom Inc. has completed a significant step in its capital management strategy after concluding a tender offer for its USD600 million 4.2 percent Senior Perpetual Capital Securities, resulting in the repurchase of a large portion of the outstanding debt instrument.

EastWest Bank is doubling down on prudent expansion, sharpening its focus on wealth management, hyper-local growth, and digitalization as it navigates a more uncertain economic landscape.

MREIT Inc., the real estate investment trust arm of Megaworld Corp., posted its strongest quarterly performance to date in the first quarter, as a recently completed acquisition and improved operating efficiency combined to drive broad based growth in earnings, revenues, and margins.

China Banking Corp., the country’s 5th largest lender by assets, sustained its growth momentum in the first quarter, posting a net income of P6.8 billion, up 4 percent year on year, as lending and deposit activities continued to drive performance despite a still evolving interest rate environment.