Corporate

Jollibee Foods Corp. (JFC), the country's largest restaurant group, reiterated its continued interest in an initial public offering (IPO) for Highlands Coffee in Vietnam but emphasized that any listing must be strategically aligned with long-term value creation, not just market timing.

Aboitiz InfraCapital, Inc. (AIC), the infrastructure arm of the Aboitiz Group, has secured a key endorsement from the Iloilo City Local Development Council (LDC) for its P5-billion Iloilo Bulk Water Supply Project, a major step toward improving long-term water security in the region.

First Gen Corp. chairman and CEO Federico R. Lopez (second from left) shares a light moment with four other members of the company’s board after their re-election during the company’s annual stockholders’ meeting on 29 May 2025. With him are (from left) director Manolo Michael T. De Guzman, president and COO Francis Giles B. Puno,  and independent directors Alicia Rita L. Morales and Edgar O. Chua. Not in photo are re-elected directors Richard Raymond B. Tantoco, Manuel L. Lopez Jr., Elvira L. Bautista and Maria Presentation L. Abello, as well as new independent director Manuel I. Ayala. First Gen is a leading independent power producer in the Philippines. It operates a diverse portfolio of 32 power plants with a total installed capacity of 3,639 megawatts at the end of 2024. These facilities generate power across the Luzon, Visayas, and Mindanao grids, supporting the country’s energy needs.

Mapúa Malayan Colleges Laguna (Mapúa MCL) has fully shifted its entire Cabuyao, Laguna campus to renewable energy through a partnership with ACEN Renewable Energy Solutions (ACEN RES), reinforcing its commitment to sustainability and climate action.

Converge ICT Solutions Inc. has announced a strategic overhaul of its leadership team aimed at reinforcing its transformation into a technology-driven company and securing long-term commercial growth.