Corporate
IMI sells Czech subsidiary to Keboda Group
Integrated Micro-Electronics, Inc. said it has completed the sale of its wholly-owned unit Integrated Micro-Electronics Czech Republic s.r.o. to Keboda Deutschland GmbH & Co. KG. The deal valued the Czech unit at EUR10.03 million, an amount subject to post-closing adjustment.
Insurer clinches top honor at 2024 Insurance Asia Awards
The Insurance Asia Awards has once again named Insular Life (InLife) as Domestic Life Insurer of the Year – Philippines, marking the company’s ninth win in the category.
PAL Q2 Net Income Surges 48% to $60M
The Philippine Airlines (PAL) reported a 48 percent year-on-year increase in net income to $60 million in the second quarter of 2025, marking its 15th consecutive profitable quarter. The growth was driven primarily by a 9 percent rise in passenger volume to 4.4 million, despite pressures from softening international yields.
CIAC attracts ₱1.19B in investments following strategic rebrand
The Clark International Airport Corporation (CIAC) on Thursday reported attracting ₱1.19 billion (US$56.71 million) in new investments in the first six months this year following its strategic rebranding as an aviation-focused development agency.
Meta posts strong 2Q earnings, shares soar
Meta, the parent company of Facebook and Instagram, reported stronger-than-expected quarterly results on Wednesday, sending its shares surging to record highs.
