Corporate

The European Chamber of Commerce of the Philippines has elected Dr. Diana Edralin as its new president, making history as the first Filipina to lead the business chamber.

The Ayala Group has signed a cooperation deal with Thailand’s CP Axtra to improve Makro malls in Thailand, combining Ayala’s property expertise with CP Axtra’s retail network.

VITRO, BBIX PH forge powerful new connection Corporate bulletin VITRO Inc., the country’s leading data center provider, has teamed up with BBIX Philippines to create a direct link between BBIX and the VITRO Internet Exchange (VIX), strengthening the local digital ecosystem. This partnership allows faster, more efficient data traffic exchange. Businesses and users connected to either network will enjoy better routing, shorter delays, and easier access to local and global content and services. A 100G connection is already active at VITRO Makati 2, with plans to expand capacity as needed. VIX brings strong local reach, serving over 98 million internet users and hosting major companies and carriers. BBIX adds global expertise and access to worldwide cloud platforms, content providers, and tech services. Together, they combine local strength and global reach to improve internet performance nationwide. Officials from both firms noted the collaboration will deliver smoother online experiences, support the growing digital economy, and help bridge connectivity gaps across the Philippines. Both remain committed to upgrading infrastructure to meet rising demand for data and cloud services.

Aboitiz Equity Ventures, Inc. (AEV) has secured an “A-” foreign currency long-term issuer rating with a “Stable” outlook from Japan Credit Rating Agency, Ltd., reinforcing the conglomerate’s investment-grade standing as it accelerates expansion across power, banking, infrastructure, and consumer businesses.

SMC Tollways Corp. reported a 7 percent growth in net income for the first quarter of 2026, reaching P12.62 billion, up from P2.44 billion in the same period last year. Consolidated total revenue rose 4 percent to P5.66 billion, fueled by higher vehicle volume across all expressway networks.