Corporate

Philippine Seven Corp., the local franchise holder of the global convenience store chain 7-Eleven, announced that its chairman, former Finance Secretary Jose T. Pardo, has informed the Board of his decision to retire as Chairman of the Board and Independent Director in July.

East West Banking Corp. has declared ₱1.5 billion in cash dividends, equivalent to ₱0.68 per share, following its strongest financial performance to date.

Bloomberry Resorts Corp., operator of Solaire Resort and Casino, announced plans to officially launch its online gambling business by late May or early June, a move seen as a strategic expansion to diversify revenue streams and solidify its market leadership in the Philippine gaming sector.

Converge ICT Solutions Inc., a leading fiber broadband and technology provider in the Philippines, further cemented its role in digital innovation and talent development through active participation in Google Developer Student Clubs Loyola’s Hackfest 2025: Horizon, an 11-day student-led hackathon designed to foster innovation among young developers.

Amid heightened market volatility and a declining Philippine Stock Exchange index (PSEi), PLDT Inc. has emerged as a standout for income-focused investors, according to an 8 April strategy note from Macquarie Capital, which reaffirmed its “Outperform” rating on the telecom giant.