Corporate
Petron net income drops 28% on high oil costs
Petron Corp. reported a 28 percent fall in first-half net income to P3.8 billion from P5.3 billion a year earlier, the company said Tuesday. The decline was mainly due to Middle East tensions pushing crude, import and freight costs higher. Dubai crude averaged $91 a barrel, up 27 percent year-on-year.
DigiPlus to seek New Zealand gaming license
DigiPlus Interactive Corp. announced on Tuesday that it will apply for a gaming license in New Zealand.
Filreit net income climbs 34% in first half of 2026
Filinvest REIT Corp., or Filreit, the real estate investment trust of the Gotianun group, reported on Tuesday that its net income for the first six months ending June rose 34 percent to P874 million, up from P650.74 million in the same period a year earlier.
Maynilad targets lower water losses through infrastructure investments
Maynilad Water Services Inc. aims to reduce its non-revenue water (NRW) to 27 percent by the end of 2026 as continued investments in pipe rehabilitation, smart water management and network upgrades improve efficiency while making the utility more resilient to drought.
Maynilad eyes long-term growth with infrastructure spending
Maynilad Water Services Inc. expects sustained investments in water and wastewater infrastructure to underpin its long-term growth after delivering stronger earnings and operational improvements in the first half of 2026.
