Corporate

Manila Water Co. Inc. on Monday announced a robust 86.9 percent increase in consolidated net income for 2024 totaling P10.97 billion, up from P5.87 billion in 2023. The surge was fueled by growth across its core East Zone Concession as well as a significant expansion in its non-East Zone operations, including provincial and subsidiary businesses.

SM Prime Holdings Inc., the country’s largest property developer, announced a P100 billion capital expenditure plan for 2025, signaling confidence in sustained demand from consumers and businesses. The company expects election-related spending, easing interest rates, and a boost in tourism to propel its growth, with a strategic focus on its mall business and robust development pipeline.

Asia Pacific College (APC), a key member of the SM Group, is furthering its commitment to quality education with a strategic focus on local and global standards.

BDO Unibank, Inc. (BDO) posted a net income of ₱82 billion for 2024, reflecting a 12 percent annual increase from ₱73.4 billion in 2023.

Cebu Pacific has partnered with Ada, an AI customer service leader, to introduce its first generative AI agent, making it the first Southeast Asian airline to fully integrate this advanced technology into its customer support operations. The collaboration aims to enhance customer experiences across multiple touchpoints by delivering real-time, personalized, and human-like support.