Corporate

Cebu Landmasters Inc. (CLI), a leading regional property developer, has announced a P15 billion capital expenditure (capex) budget for 2025 aimed at supporting ongoing projects and expanding its landbank.

Philex Mining Corp. is negotiating with foreign investors for a minority stake in its wholly-owned subsidiary, Silangan Mindanao Mining Co. Inc., as part of ongoing efforts to develop the high-grade Silangan copper and gold project.

In a move aimed at enhancing financial inclusion, Globe Telecom, GCash, and the Department of Social Welfare and Development (DSWD) have launched a program providing smartphones to 4Ps (Pantawid Pamilyang Pilipino Program) families.

Vitarich Corp. said its board has approved the renewal of contracts to buy from  Luzon Agriventure Inc. (LAVI), a related party, feeds to raise breeder chickens for the production of hatching eggs. 

First Gen Corporation, the Lopez Group’s clean and renewable energy provider, reported a 12 percent decline in attributable recurring net income for 2024, amounting to USD245 million (P14.0 billion), compared to USD277 million (P15.4 billion) in 2023.