Corporate
Megawide declares P23.7M dividend on preferred shares
Megawide Construction Corp. has declared a cash dividend of P1.99015 per share for its Series 6B preferred shares, totaling P23.7 million. The dividend will be paid out of the company’s unrestricted retained earnings at the end of 2024December.
UnionBank fintech unit CEO resigns, transition plan underway
UBX Philippines, the fintech subsidiary of Union Bank of the Philippines, said that its president and chief executive officer John Januszczak has resigned, effective June 16, 2025.
San Miguel charts sustained growth with bold bets in infrastructure, energy
San Miguel Corp. (SMC) is projecting continued growth across upcoming quarters, driven by new revenue sources in infrastructure, energy, and transportation, according to chairman and CEO Ramon S. Ang.
Empire East bets on transit hubs in P25-B residential push
Empire East Land Holdings Inc., a subsidiary of Megaworld Corp., announced on Tuesday a P25-billion capital expenditure plan over the next five years, targeting the development of residential communities anchored on master-planned, transit-oriented locations.
Converge director Francis Lim resigns to lead SEC
Converge ICT Solutions Inc. (PSE: CNVRG) has officially accepted the resignation of Atty. Francis Ed. Lim from its board of directors, effective 9 June 2025, following his appointment as chairman of the Securities and Exchange Commission (SEC) by President Ferdinand R. Marcos Jr.
