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Thursday, 15 May 2025, 6:30 pm

    Corporate

    Bloomberry Rebounds In 2022, Books Net Profit Of PHP5.1B

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    Listed gaming company Bloomberry Resorts Corp. said Thursday it booked net income of P5.1 billion last year, a reversal from net loss of P4.2 billion in 2021 as gaming revenues return to pre-pandemic levels.

    ICTSI awards 1.81M shares under stock option plan

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    Listed port operator International Container Terminal Services Inc.  awarded a total 1.81 million shares under the company’s Stock Incentive Plan. 

    Fitch Group unit rules out PLDT credit stature erosion

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    CreditSights, a unit of Fitch Group, ruled out a downgrade in the credit stature of PLDT Inc. despite the P48 billion budget overrun and the closure order of Smart Communications Inc.'s headquarters in Makati. 

    AIA group completes MediCard acquisition

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    AIA Philippines has completed its acquisition of healthcare insurance provider MediCard Philippines, Inc.

    Megawide in data center venture valued at $300M

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    Megawide Construction Corp. said Wednesday it signed a shareholder deal for a venture that will invest, acquire, develop, build or operate data center assets,...
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    Context.ph

    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Corporate

    FNI Q1 profit soars on higher shipments, nickel prices

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    Global Ferronickel Holdings Inc. (FNI), one of the country’s leading nickel producers, posted a 1,567 percent surge in net income for the first quarter of 2025 totaling P177.3 million, from just P10.63 million a year earlier, as higher shipment volumes and stronger nickel prices buoyed performance.
    Corporate

    PCC clears ECPay’s sale to GCash operator Mynt

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    Globe Telecom Inc. has secured the green light from the Philippine Competition Commission (PCC) to proceed with the sale of its 77 percent stake in Electronic Commerce Payments Inc. (ECPay) to Globe Fintech Innovations Inc. (Mynt), the operator of leading e-wallet platform GCash.
    Corporate

    PLDT 1Q profit slips 8% on softer market, but core business hold steady

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    Telecom giant PLDT Inc. reported an 8 percent year-on-year decline in net income for the first quarter of 2025, as a softer market environment weighed on overall profitability. The company posted a net income of ₱9.02 billion for the January–March period, down from ₱9.82 billion in the same quarter last year.
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