Corporate

Globe’s GFiber Prepaid has emerged as the fastest-growing prepaid fiber brand in the Philippines, reaching 260,000 subscribers in the fourth quarter of 2024, marking a 74 percent increase from a quarter prior.

The Securities and Exchange Commission (SEC) has announced an expansion of the government securities repurchase agreement (Repo) market to include non-bank financial institutions, significantly broadening participation beyond the previously eligible dealers.

The Philippine Stock Exchange Inc. (PSE) announced on Tuesday that the Bankers Association of the Philippines (BAP), along with several of its member banks, has completed all the necessary requirements for selling an 18.80 percent stake in Philippine Dealing System Holdings Corp. (PDSHC) to the operator of the Philippine stock market. 

Rizal Commercial Banking Corp. (RCBC) posted a net income of P9.5 billion for 2024, a decrease from the P12.22 billion recorded in the previous year, which included one-off items. However, excluding non-recurring items from 2023, RCBC's net income saw a 13.6 percent increase year-on-year.

The Manila Electric Co. (Meralco) on Monday announced a 20 percent surge in net income for 2024, reaching a record-high P46.47 billion, up from P38.68 billion the previous year. The growth was driven by higher energy sales, marking an all-time best for the company.