Corporate

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.

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.

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.

Boutique property developer Italpinas Development Corp. (IDC) reported a 102 percent increase in net income for 2024, reaching ₱376.8 million, up from ₱186.3 million the previous year.

SMC Tollways Corp. reported a 10 percent increase in net income for 2024, driven primarily by a rise in vehicle traffic across its toll roads.