Corporate

Philippine Airlines, Inc. (PAL) announced a 4.9 erocent decline in its net income for the first quarter of 2025, primarily attributed to lower sales and increased operating expenses.

The Philippine National Bank (PNB) solidified its position as a leader in investment fund management after its Profit Peso Bond Fund was named one of the Best Managed Funds for 2025 at the “Vision 2025: Market Forecast and Fund Excellence” event hosted by the CFA Society of the Philippines.

Philippine Seven Corp., the local franchise holder of the global convenience store chain 7-Eleven, announced that its chairman, former Finance Secretary Jose T. Pardo, has informed the Board of his decision to retire as Chairman of the Board and Independent Director in July.

East West Banking Corp. has declared ₱1.5 billion in cash dividends, equivalent to ₱0.68 per share, following its strongest financial performance to date.

Bloomberry Resorts Corp., operator of Solaire Resort and Casino, announced plans to officially launch its online gambling business by late May or early June, a move seen as a strategic expansion to diversify revenue streams and solidify its market leadership in the Philippine gaming sector.