Corporate
CIC outpaces industry with 28% AC sales surge
Concepcion Industrial Corp. (CIC), a leading manufacturer of air conditioners and refrigerators, reported growth exceeding the industry, highlighting the strong demand, strategic investments, and the push to diversify beyond weather-dependent consumer segments.
Maynilad invests P20B to cut water losses to 25% by 2027
Maynilad Water Services Inc. announced it will invest over P20 billion through 2027 to reduce its non-revenue water (NRW) to 25 percent, a move with significant operational and commercial implications for the West Zone water concessionaire.
SEC deploys AI chatbot to answer public queries on regulations
The Securities and Exchange Commission (SEC) has launched SEC AInnovation, an AI-powered digital platform designed to assist the public with real-time queries on the agency’s rules, regulations, and processes.
GCash taps into NFC with ‘Tap to Pay’ rollout
GCash, the country's leading mobile wallet, has launched “Tap to Pay,” a next-generation contactless payment feature, through a partnership with Singapore-based fintech firm Open Fabric. The rollout marks a significant step in GCash’s expansion into near-field communication (NFC) technology, enabling users to make secure, tap-and-go transactions using their Android smartphones at any Mastercard-enabled point-of-sale terminal nationwide.
IMI selling Czech subsidiary to China’s Keboda for €10M
Integrated Micro-Electronics Inc. (IMI), a publicly listed electronics manufacturing firm under Ayala Corp., announced Wednesday it is divesting its Czech Republic operations for €10.02 million as part of a broader corporate restructuring strategy.
