Corporate
Fruitas unit grows 2024 income, boosts market with acquisitions, strategic expansion
Balai ni Fruitas Inc., the bakery arm of Fruitas Holdings Inc., reported a 15 percent year-on-year increase in net income to ₱67.83 million in 2024, up from ₱58.64 million in 2023, driven by strong sales performance and strategic expansion initiatives.
Grab champions welfare-driven gig work at partner event
Grab Philippines and its motorcycle taxi partner MOVE IT reaffirmed their commitment to helping shape the future of gig work during the Saludo Partner Appreciation Concert.
ICTSI expands footprint in Brazil
International Container Terminal Services, Inc. (ICTSI), through its wholly owned subsidiary ICTSI Americas B.V., has acquired a 47 percent stake in FII Inhaúma (Inhauma Fundo de Investmento Imobiliario—FII), securing strategic real estate for its long-term expansion plans in Brazil.
BPI posts ₱16.6B net income in 1Q
The Bank of the Philippine Islands (BPI) reported a net income of ₱16.6 billion for the first quarter as strong revenue growth offset increased operating expenses and provisions for credit losses.
Meralco 1Q sales edge higher on residential, commercial demand
Manila Electric Co. (Meralco) reported a 1.5 percent year-on-year growth in power sales for the first quarter of 2025, reaching 12,493 gigawatt hours (GWh), up from 12,307 GWh in the same period last year.
