Corporate
Ayala Land raising P55B in 2025 as capex, refinance Debt
Real estate giant Ayala Land Inc. (ALI) announced plans to raise ₱55 billion in 2025 to support its aggressive capital expenditure program and refinance maturing obligations, underscoring its strategic pivot toward high-end real estate and commercial land development amid shifting market dynamics.
PXP Energy widens loss on weaker Galoc output, lower oil price
PXP Energy Corp., a publicly listed oil and gas exploration firm, reported a first-quarter net loss of P9.4 million, significantly wider than the P2.6 million loss posted during the same period last year.
Chinabank hikes dividends, declares P6.7B payout
China Banking Corp., a banking affiliate of the Sy Group, said its board has approved a total cash dividend payout of P6.7 billion, reflecting the bank’s strong financial performance and commitment to rewarding shareholders.
Tanduay’s record profits fuel LTG growth amid strategic streamlining
Tanduay Distillers, Inc. (TDI) reported a record net income of P2.15 billion in 2024, a 37 percent jump from P1.57 billion the previous year, driven by strong liquor and bioethanol sales and strategic price hikes.
EastWest recognized among Top 5 issue managers at PDS Awards
East West Banking Corp. (EastWest) was again named one of the Top Five Corporate Issue Managers/Arrangers (Bank Category) at the Philippine Dealing System (PDS) Annual Awards Night, held on 4 April 2025.
