Corporate

Chemical manufacturer D and L Industries Inc. (DNL) has announced a P1 billion fund for capital expenditures (CapEx) supporting minor expansions at its Batangas plant.

SM Investments Corp. (SMIC), the flagship investment arm of the SM Group, has unveiled a historic share buyback program worth up to P60 billion—a little over USD1 billion at current exchange rate, aligning itself with a growing trend among Philippine Stock Exchange-listed companies to address the decline in share prices by repurchasing their own stocks.

SM Investments Corporation (SM Investments) reported consolidated net income of P82.6 billion in 2024, a seven percent increase from P77.0 billion in 2023. Consolidated revenue also grew by six percent, reaching P654.8 billion, up from P616.3billion in the previous year.

D&L Industries Inc. said Friday its recurring income in 2024 rose 2 percent year-on-year to P2.3 billion, buoyed by gains from the operation of its recently opened manufacturing facility in Batangas.

DigiPlus Interactive Corp.  has named Graham Tidey as the country manager for its wholly-owned subsidiary, DigiPlus Brazil Interactive Ltda., an appointment that could determine the trajectory of its maiden foray into Brazil’s rapidly growing iGaming sector.