Corporate

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 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.

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, 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.

Smart Communications, Inc. has blocked access to ten unregistered cryptocurrency exchanges in compliance with an order from the National Telecommunications Commission (NTC), following a warning from the Securities and Exchange Commission (SEC) about the platforms’ lack of proper license.