Corporate

San Miguel Corporation (SMC) recorded a massive surge in its underlying financial health during the first half of 2026, driven by expanding energy sales and higher fuel revenues even as high living costs weighed on everyday consumer spending. The conglomerate reported a 48 percent leap in consolidated core net income to P54.2 billion, alongside a 34 percent surge in total revenues to P964.1 billion. The operational gain underscores SMC’s expanding footprint in the national economy, reinforcing its capacity to maintain long-term investments in critical energy, transportation, and agricultural infrastructure.

Mindanao-based homegrown retailer EMCOR (Engineering and Machinery Corporation) has partnered with leading digital finance platform GCash to roll out integrated digital payment services across all 174 of its branches nationwide, bringing greater convenience and financial flexibility to customers across Palawan, the Visayas, and Mindanao.

Converge Global Business, the enterprise arm of Converge ICT Solutions Inc., has signed a key partnership with Ormoc-based Virtual Staffing Solutions (VSS) to power VSS’s expanding local and global operations with high-speed, secure pure fiber connectivity.

BDO Pay has been honored as the Best Digital Wallet in the Philippines at The Asian Banker Philippine Awards 2026, earning recognition for simplifying everyday payments and money management for Filipinos.

Following the magnitude 7.7 earthquake off Flores Island, Indonesia, Globe is extending free call, text, and data services to its customers in the country to support emergency communication. The quake caused widespread damage, landslides, power outages, and displacement, with rescue efforts still ongoing.