Corporate

Converge ICT Solutions Inc., a leading fiber broadband and technology provider in the Philippines, further cemented its role in digital innovation and talent development through active participation in Google Developer Student Clubs Loyola’s Hackfest 2025: Horizon, an 11-day student-led hackathon designed to foster innovation among young developers.

Amid heightened market volatility and a declining Philippine Stock Exchange index (PSEi), PLDT Inc. has emerged as a standout for income-focused investors, according to an 8 April strategy note from Macquarie Capital, which reaffirmed its “Outperform” rating on the telecom giant.

Real estate giant Ayala Land Inc. (ALI) announced plans to raise ₱55 billion in 2025 to support its aggressive capital expenditure program and refinance maturing obligations, underscoring its strategic pivot toward high-end real estate and commercial land development amid shifting market dynamics.

PXP Energy Corp., a publicly listed oil and gas exploration firm, reported a first-quarter net loss of P9.4 million, significantly wider than the P2.6 million loss posted during the same period last year.

China Banking Corp., a banking affiliate of the Sy Group, said its board has approved a total cash dividend payout of P6.7 billion, reflecting the bank’s strong financial performance and commitment to rewarding shareholders.