Corporate
SM Prime unveils P7B Megamall redevelopment plan
SM Prime Holdings Inc., the real estate development arm of the Sy Group, is investing P7 billion to transform SM Megamall, one of the Philippines’ most iconic shopping destinations, into a next-generation lifestyle hub, with phased completion slated between 2027 and 2029.
SEC to mandate sustainability reporting by 2026
The Securities and Exchange Commission (SEC) is set to institutionalize sustainability reporting across publicly listed and large non-listed companies by adopting the Philippine Financial Reporting Standards (PFRS) S1 and S2, aligning the Philippines with global sustainability disclosure practices.
JG Summit nets ₱15B in H1 2025 on steady revenue gains
JG Summit Holdings Inc. reported a marginal 1 percent increase in consolidated net income to ₱15 billion for the first half of 2025, compared to ₱14.82 billion in the same period last year, as revenue gains across core units offset sector-specific headwinds.
Premium segment powers CPG’s 14% profit growth in first half
Century Properties Group Inc. (CPG) reported a 14 percent year-on-year increase in net income to ₱1.22 billion for the first half of 2025, up from ₱1.07 billion in the same period last year, driven largely by stronger sales from its horizontal housing segment.
Cosco Capital posts 9.3% profit growth in 1H
Cosco Capital, Inc., the listed retail holding company of businessman Lucio L. Co, reported a 9.3 percent increase in its consolidated net income to P7.6 billion for the first half of 2025, up from P6.97 billion during the same period last year.
