Corporate

Cebu Landmasters Inc. (CLI), a leading regional property developer, reported an 8 percent rise in net income for 2024, reaching ₱3.01 billion from previous year’s ₱2.79 billion, driven by sustained demand across the Visayas and Mindanao.

Phinma Corp. reported a 37 percent decline in net income to ₱936.87 million in 2023, down from a restated ₱1.5 billion the previous year, primarily due to weaker sales in its property unit and one-off accounting adjustments, the company said on Tuesday.

PHINMA Corp. said consolidated revenue last year rose to P23.76 billion from P21.27 billion in 2023, as its strategic business units continued to deliver topline growth despite challenging market conditions.

The Philippine Stock Exchange Inc. (PSE) announced on Tuesday that it has completed the acquisition of an 8 percent stake in the Philippine Dealing System Holdings Corp. (PDSHC), increasing its ownership to approximately 91 percent.

Dining out just got tastier—and a whole lot more affordable—for Filipino foodies, thanks to a major dining promotion from BDO Unibank.