Corporate
Robust group-wide performance pushes 2024 MPIC core income 21% higher
Metro Pacific Investments Corp. (MPIC), the delisted conglomerate led by Manuel V. Pangilinan, announced a consolidated core income of P23.6 billion in 2024, marking a 21 percent increase from the P19.5 billion reported in 2023.
Cebu Landmasters gets spot in ATRAM sustainable development fund
Cebu Landmasters Inc., a leading developer in the Visayas and Mindanao regions, has been included in the ATRAM Philippine Sustainable Development Growth Fund (SDG Fund), marking a significant recognition of the company’s commitment to sustainability.
Maynilad invested P26B in water, sewerage projects in 2024
Maynilad Water Services Inc., the largest private water concessionaire in the Philippines, executed P25.75 billion in capital projects throughout 2024, focusing on significant improvements in water supply and sewerage systems.
ACEN post 27% income growth, fueled by higher generation, expansion
ACEN Corp., the renewable energy arm of the Ayala group, reported net income in 2024 surging 27 percent to P9.36 billion, fueled by higher generation from new renewable energy plants, a strategic expansion program, and a 25 percent increase in attributable renewable output, totaling 5,596 GWh.
SM Supermalls breaks foot traffic record, outpaces GFA growth
SM Supermalls hit an all-time high in average daily foot traffic in 2024, reaching 5.2 million visitors—a 6 percent increase from 4.9 million in 2023.
