Corporate
PLDT mulls stake sale in data center unit
PLDT Inc. is seriously considering divesting its stake in its data center business, following renewed interest from major multinational firms, according to chairman and CEO Manuel V. Pangilinan.
Ayala Land eyes ₱10B sustainability-linked loan for capex, refinancing
Ayala Land Inc. (ALI) is set to raise ₱10 billion through a sustainability-linked loan (SLL) this month, as part of its broader ₱50 billion capital raising program for the year, according to CFO Augusto D. Bengzon.
FWD, Security Bank launch scholarship for future leaders
FWD Life Insurance (FWD Philippines), in collaboration with Security Bank Foundation, Inc. (SBFI), has launched the FWD–Security Bank Future Leaders College Scholarship Program, aimed at supporting the college education of deserving children of Security Bank agency personnel.
Abacore Capital reports 15% profit surge in 2024
Abacore Capital Holdings Inc. (PSE: ABA) reported a strong financial performance for 2024, with net income rising to ₱3.293 billion, up ₱429 million or nearly 15 percent from ₱2.864 billion in 2023. The company attributed this growth to a 35 percent increase in other income (₱3.458 billion), a reduction in administrative expenses to ₱155 million, and dividend income reaching ₱7.3 million.
Public-private pact powers Bacolod Rum Festival
The City Government of Bacolod and Tanduay Distillers Inc. have renewed their strategic partnership for the 5th Tanduay Bacolod Rum Festival, scheduled from 28 to 31 August, in alignment with the global observance of Rum Month.
