Corporate

ABS-CBN Corp., once the country’s largest broadcast network, on Monday dismissed anew claims of unresolved audit issues and firmly rejected reports that a proposed P2-billion capital infusion would be used for directors’ payouts, seeking to distance itself from a boardroom dispute within Lopez Inc., the company owned by its major shareholders.

Brother International Philippines Corp., known for its printing machines, said it plans to continue operating in the Philippines as the local printing industry evolves.

Wilcon Depot Inc., the home improvement retailer, reported a 3 percent drop in net income last year, falling to ₱2.44 billion from ₱2.52 billion in 2024, even as total sales rose.

Home Credit Philippines has launched a nationwide promotion making the Samsung Galaxy S26 Series more affordable for Filipino consumers.

DFNN Inc. shareholders have approved a substantial increase in authorized capital stock, alongside plans to issue preferred shares and list them on the Philippine Stock Exchange, in a move that signals a potential expansion phase for the firm.