Corporate

Maynilad Water Services Inc. has completed a ₱218-million pipeline replacement project in Quezon City, marking a milestone in its efforts to modernize Metro Manila’s aging water infrastructure and improve service delivery.

Dominion Holdings, Inc. reported a net income of ₱36.5 millionfor the first quarter of 2025, reflecting a year-on-year decline from ₱75.9 million in the same period last year. The company attributed the decrease primarily to a lower investment base following its ₱3.2 billion cash dividend declaration in May 2024—a strategic distribution that significantly altered its asset composition.

Petron Corp. reported a 2.5 percent increase in net income for the first quarter of 2025, reaching ₱4.03 billion from ₱3.93 billion in the same period last year, despite a significant drop in revenue.

The Securities and Exchange Commission (SEC) unveiled on Tuesday its fourth wave of digital initiatives, launching six new digital platforms and a modern data center aimed at streamlining regulatory processes and enhancing service delivery as part of its commitment to improving the ease of doing business in the Philippines.

Ayala Land Inc. (ALI), one of the country's largest real estate developers, reported a 10 percent year-on-year increase in net income to ₱6.9 billion for the first quarter of 2025, signaling sustained momentum in both property development and leasing operations.