Corporate

Metro Retail Stores Group Inc. (MRSGI) reported a sharp 73 percent decline in first-quarter net income to ₱13.4 million from ₱50.3 million year-on-year, as the company absorbed higher non-cash expenses tied to its ongoing expansion program.

Manila Water Co. Inc. announced Tuesday that its ₱13-million wastewater recovery upgrade at the Cardona Water Treatment Plant in Rizal is set for completion by September, a move that promises long-term benefits for consumers through enhanced water sustainability and improved service reliability.

Irradiation Solutions Inc. (ISI), a subsidiary of publicly listed A Brown Co., has acquired a 35 percent stake in Accudata Analytical Labs Corp. for ₱12.5 million, aiming to strengthen its presence in microbiological testing and integrated safety services across key industries.

As fraudulent investment schemes become more sophisticated, the Securities and Exchange Commission (SEC) and BDO Foundation have strengthened their collaboration to help protect the investing public through an educational campaign aimed at improving financial vigilance.

Digital finance platform BillEase has partnered with Maya, the country's largest fintech ecosystem, to integrate its Buy Now, Pay Later (BNPL) service into Maya’s payment gateway and point-of-sale (POS) infrastructure.