Corporate

Alsons Consolidated Resources Corp., the publicly listed arm of the Alcantara Group, has listed on the Philippine Dealing and Exchange Corp. the P1.6 billion in commercial papers it issued to support its expanding energy projects.

CIS Bayad Center Inc. has partnered with 7-Eleven in revolutionizing the bill payment experience for millions of Filipinos. The collaboration enables Meralco customers to settle their electricity bills at over 4,000 7-Eleven CLiQQ Kiosks nationwide, with the added benefit of real-time posting via Bayad, eliminating the typical 24-hour delay.

Globe Fintech Innovations Inc. (Mynt), the parent company of GCash, has reaffirmed its commitment to launching an initial public offering (IPO) in the Philippines despite facing regulatory hurdles related to the Philippine Stock Exchange's (PSE) minimum public ownership requirements. 

Del Monte Pacific Ltd. announced on Friday that it has successfully completed the acquisition of a 14 percent indirect stake in Agro Tech Foods Ltd. (ATFL), a publicly listed Indian food company. This move is part of Del Monte Pacific’s ongoing restructuring of its investment in Del Monte India.

Globe Telecom, the telecommunications and fintech arm of the Ayala Group, reported a slight dip in its net income for 2024, posting P24.3 billion—down 1 percent from the previous year’s P24.6 billion--due primarily to fewer sale and leaseback deals and one-off gains from tower sales, as well as higher depreciation costs and non-operating charges.