Corporate

Petron Corp. reported an 11.9 percent year-on-year drop in net income for the first half of 2025, falling to ₱5.3 billion from ₱6.02 billion in the same period last year. The decline underscores the impact of weaker global oil prices and reduced trading activity, particularly at its Singapore operations.

Diversified engineering conglomerate DMCI Holdings reported a 27 percent drop in second-quarter net income to P4.0 billion from P5.5 billion a year ago, as weaker results from its coal, real estate, and construction units offset gains in other segments. 

Manulife Philippines has partnered with Watsons Philippines in a major health awareness initiative, underscoring a strategic corporate collaboration aimed at promoting nutrition, wellness, and preventive care nationwide.

Maya Bank Inc. has been recognized as the Best Virtual Bank at the Asian Banking and Finance Retail Banking Awards 2025, marking its third consecutive win in the category.

In a strategic move to fast-track renewable energy (RE) adoption, the Manila Electric Co. (Meralco), the Energy Regulatory Commission (ERC), and the Quezon City local government unit (LGU) have signed a tripartite agreement to streamline and scale up distributed energy deployment in the metro.