Corporate
STI earnings jump 45% on tuition hikes, enrollment boom
STI Education Systems Holdings Inc., the country’s largest private school network operator, reported a 45 percent jump in net income to ₱1.6 billion for the first nine months of its fiscal year ending March 2025, driven by strong enrollment growth and higher tuition fees.
GMA takes legal action vs TAPE over alleged misused ad revenue
GMA Network, Inc. has filed a criminal complaint for estafa with abuse of confidence against key executives of Television and Production Exponents, Inc. (TAPE), the former production company behind the long-running noontime program Eat Bulaga.
RCBC to offer fixed-rate peso bonds for growth, sustainability
Rizal Commercial Banking Corp. (RCBC), the country’s sixth largest lender, has announced plans to issue fixed-rate peso-denominated bonds under its updated P200 billion bond and commercial paper program. This move signals the bank’s commitment to enhancing its capital structure and supporting strategic initiatives.
Aboitiz InfraCapital wins Iloilo water project
Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, is moving forward to ensure long-term water security in Iloilo, after being awarded original proponent status (OPS) for the proposed Iloilo Bulk Water Supply Public-Private Partnership (PPP) project.
SM Prime to expand MICE footprint with P1.7B SMXCITE
SM Prime Holdings, Inc., one of Southeast Asia’s leading integrated property developers, is expanding its Meetings, Incentives, Conferences, and Exhibitions (MICE) footprint with the launch of the SMX Center for International Trade and Exhibitions (SMXCITE)—a P1.7 billion investment that is expected to elevate Manila’s status as a regional trade event hub.
