Corporate
PhilWeb faces shift in control as Araneta Inc sells stake
PhilWeb Corp., a listed gaming company, said it was notified that its principal shareholder, Gregorio Araneta Inc., has entered into a Share Purchase Agreement with Nexora Holdings Inc. and Velora Holdings Inc. to sell GAINC’s entire 57 percent stake—comprising 829.57 million common shares—for P2.17 per share, or a total P1.8 billion.
New app services help OFWs stay connected
PLDT Global Corp. has deepened its partnership with stc Pay Bahrain to enhance digital services for overseas Filipino workers (OFWs) in the Kingdom of Bahrain.
ACEN invests P1.9B in affiliate NAREDCO
ACEN Corp. has invested P1.9 billion in its affiliate, Natures Renewable Development Corp. (NAREDCO), through the subscription of 419,690 redeemable preferred shares priced at P4,527.16 each.
URC earns multiple awards for HR excellence and workplace culture
Universal Robina Corp. (URC), one of the country’s largest companies, has once again been recognized as one of Asia’s Best Companies to Work For by HR Asia, marking its third consecutive year on the list.
BPI wins major honors at 2025 ABF Retail Banking Awards
The Bank of the Philippine Islands (BPI) earned six prestigious awards at the 2025 Asian Banking & Finance (ABF) Retail Banking Awards, further cementing its position as a leading force in the Philippine banking industry.
