Corporate

Manulife Philippines and Manulife China Bank Life have announced the limited-time relaunch of Wealth Guarantee, a single-pay insurance product positioned to strengthen their presence in the Philippine wealth management and insurance markets.

Balai ni Fruitas Inc., the bakery arm of Fruitas Holdings Inc., reported a 15 percent year-on-year increase in net income to ₱67.83 million in 2024, up from ₱58.64 million in 2023, driven by strong sales performance and strategic expansion initiatives.

Grab Philippines and its motorcycle taxi partner MOVE IT reaffirmed their commitment to helping shape the future of gig work during the Saludo Partner Appreciation Concert.

International Container Terminal Services, Inc. (ICTSI), through its wholly owned subsidiary ICTSI Americas B.V., has acquired a 47 percent stake in FII Inhaúma (Inhauma Fundo de Investmento Imobiliario—FII), securing strategic real estate for its long-term expansion plans in Brazil.

The Bank of the Philippine Islands (BPI) reported a net income of ₱16.6 billion for the first quarter as strong revenue growth offset increased operating expenses and provisions for credit losses.