Corporate

Keppel Philippine Holdings Inc. on Friday sought the suspension of trading for its common shares on the Philippine Stock Exchange (PSE) following the approval of its board of a tender offer aimed at the company’s eventual delisting.

Ayala Land Inc. has approved a P20.99 billion property-for-share swap with its real estate investment trust, Areit Inc. The deal will see Ayala Land’s units—Accendo Commercial Corp., Cagayan de Oro Gateway Corp., and Central Bloc Hotel Ventures Inc.—subscribe to 505.89 million primary common shares of Areit in exchange for eight commercial properties.

Oceana Gold Philippines Inc. reported a 13.1 percent increase in net income in 2024 reaching USD30.3 million versus only USD26.8 million in 2023. The growth was primarily driven by higher gold and copper prices despite a 30 percent drop in gold production and a 13.4 percent decline in copper output.

Ayala Land Inc. reported a strong financial performance for 2024, with net income climbing 15 percent to P28.33 billion, up from P24.5 billion the previous year.

Metrobank achieved a record P48.1 billion in net income for 2024, marking a 14 percent year-on-year increase. This was driven by a strong asset...