Corporate

The Philippine Stock Exchange Inc. (PSE) is open to selling up to 49 percent of the Philippine Dealing and Exchange Corp. (PDEx) to the Bankers Association of the Philippines (BAP), marking a significant development in the ongoing integration of the country’s capital markets.

NLEX Corp. reported a 33 percent jump in net income for the first quarter of 2025, reaching ₱3.55 billion, up from ₱2.67 billion in the same period last year.

One Meralco Foundation (OMF), the CSR arm of Meralco, joined forces with the Congressional Spouses Foundation, Inc. (CSFI), PLDT-Smart Foundation, and Metro Pacific Investments Foundation to launch the Bagong Bayaning Mandirigma Casualty Care Center (BBM CCC) at the AFP Medical Center in Quezon City.

GT Capital Holdings, Inc., the Ty Group’s listed investment holding company, reported a consolidated net income of Ph9.14 billion for the first quarter, a 29 percent increase from the same period last year. The growth was largely driven by the strong performances of its core banking and automotive businesses.

Megawide Construction Corp. (Megawide) posted a net income of P210 million in the first quarter of 2025, a 14 percent increase from the same period last year.