Corporate

Abacore Capital Holdings Inc. (PSE: ABA) reported a strong financial performance for 2024, with net income rising to ₱3.293 billion, up ₱429 million or nearly 15 percent from ₱2.864 billion in 2023. The company attributed this growth to a 35 percent increase in other income (₱3.458 billion), a reduction in administrative expenses to ₱155 million, and dividend income reaching ₱7.3 million.

The City Government of Bacolod and Tanduay Distillers Inc. have renewed their strategic partnership for the 5th Tanduay Bacolod Rum Festival, scheduled from 28 to 31 August, in alignment with the global observance of Rum Month.

“We are not in Batanes,” said KONE Philippines managing director Peterri Kyrklund, contrasting the serene, undeveloped landscapes of the northern Philippine province with the rapidly urbanizing cities across the region. The quip came as KONE emphasized the pressing need to modernize aging vertical transport infrastructure in Asia-Pacific.

Listed fuel distributor Top Line Business Development Corp. (TOP) reported robust first-half results, with gross revenues climbing 26 percent to P1.97 billion from P1.56 billion a year ago. Net income rose 26 percent to P76.26 million, driven by strong performance in both commercial and retail fuel segments.

SM Prime Holdings Inc.,  the listed property arm of the SM Group, has appointed former Supreme Court Senior Associate Justice Estela M. Perlas-Bernabe as an independent board director, strengthening its commitment to corporate governance and prudent risk oversight.