Corporate
Petron powers past profit, defies odds
Petron Corp., the country’s largest oil refiner controlled by San Miguel Corp., closed 2025 with record-breaking results, reporting a net income of P15.6 billion, up 84 percent from P8.5 billion the previous year.
No shares tendered as Coal Asia pushes water pivot
Coal Asia Holdings Inc. reported that no minority shareholder tendered shares during its recent tender offer period, clearing the way for its planned transformation into a water utilities company without additional buyouts.
SM Investment Corp. weighs exit from mining, plans to sell Atlas stake
SM Investments Corp. (SMIC) is considering selling its 30 percent stake in Atlas Consolidated Mining and Development Corp., marking a possible exit from the mining sector.
SEC files market manipulation case vs Villar Land; DOJ launches probe
Villar Land Holdings Corp. said Monday that it and several of its directors have been formally notified by the Department of Justice over a complaint filed by the Securities and Exchange Commission alleging market manipulation.
Globe Telecom raises P25B in oversubscribed preferred share sale
Globe Telecom has raised P25 billion from an oversubscribed offering of non-voting perpetual preferred shares, strengthening its balance sheet and funding network expansion.
