Corporate
Mitsubishi targets 25% PH market share in five years
Mitsubishi Motors Philippines Corp. (MMPC) projects an increase in market share of 25 percent within five years, driven by the strategic launch of the financing company, Mitsubishi Motors Finance Philippines Inc. (MMFP) — a joint venture with Security Bank Corp.
Converge ranks among ASEAN’s best-governed firms
Leading Philippine broadband and technology company Converge ICT Solutions Inc. was named among the Top 5 Publicly Listed Companies (PLCs) in the Philippines and one of the Top 50 PLCs in ASEAN at the 2025 ASEAN Corporate Governance Awards held in Kuala Lumpur, Malaysia.
IMI sells Czech subsidiary to Keboda Group
Integrated Micro-Electronics, Inc. said it has completed the sale of its wholly-owned unit Integrated Micro-Electronics Czech Republic s.r.o. to Keboda Deutschland GmbH & Co. KG. The deal valued the Czech unit at EUR10.03 million, an amount subject to post-closing adjustment.
Insurer clinches top honor at 2024 Insurance Asia Awards
The Insurance Asia Awards has once again named Insular Life (InLife) as Domestic Life Insurer of the Year – Philippines, marking the company’s ninth win in the category.
PAL Q2 Net Income Surges 48% to $60M
The Philippine Airlines (PAL) reported a 48 percent year-on-year increase in net income to $60 million in the second quarter of 2025, marking its 15th consecutive profitable quarter. The growth was driven primarily by a 9 percent rise in passenger volume to 4.4 million, despite pressures from softening international yields.
