Corporate

San Miguel Food and Beverage Corp. has elected former Transportation Secretary and aviation veteran Jaime J. Bautista as its newest independent director, effective February 6. Bautista, 68, will serve the unexpired term of Ferdinand K. Constantino, who resigned as director and treasurer at the end of January.

International Container Terminal Services Inc, a Philippine-listed global port operator, said its wholly owned unit Victoria International Container Terminal Ltd has secured a 26-year extension to operate and manage Webb Dock East at the Port of Melbourne, stretching the contract expiry from 2040 to 2066, a fresh long-term reason for investors to stay put.

Home Credit Philippines has partnered with SM Appliance Center to roll out Grand Pay Hulugan, a limited-time promo aimed at helping more Filipino families buy essential home appliances through lower prices and easier payment options.

LBC Express has further cemented its standing as a leader in Philippine logistics after being named a Top Deconsolidator by the Bureau of Customs–Manila International Container Port for 2025, marking its ninth consecutive year receiving the distinction.

RL Commercial REIT Inc. (RCR) reported revenues of P11.08 billion in 2025, up 35 percent from P8.18 billion a year earlier, driven mainly by new property infusions and a high occupancy rate of 96 percent.