Corporate

DoubleDragon Corp. is moving ahead with its takeover of MerryMart Consumer Corp. after securing regulatory clearance, tightening its hold on the retail sector as it accelerates its transition into a diversified investment holding company.

MacroAsia Corp. reported its highest-ever quarterly revenue in the first quarter, even as rising costs and lease-related charges weighed on profitability across its aviation-linked businesses.

PHINMA Corporation reported that its net income attributable to shareholders more than doubled in the first quarter to P407.43 million from P191.27 million a year ago, driven by strong performance from its education, solar, and hospitality businesses.

Shell Pilipinas Corp. (SPC) will keep its 2026 capital spending budget at around P2 billion to P3 billion, with most of the funds allotted for upgrading import terminals and fuel infrastructure nationwide.

Jollibee Foods Corp., one of the largest restaurant networks in Southeast Asia, started the year with strong sales momentum across its global operations. However, rising commodity prices and supply chain costs continued to pressure profitability during the first quarter.