Corporate

Axelum Resources Corp., a listed affiliate of the Metro Pacific Group and a fully integrated manufacturer and exporter of premium coconut products, announced on Friday that its board of directors has approved a dividend policy to distribute up to 30 percent of its net income from the preceding year.

The Securities and Exchange Commission (SEC) on Thursday announced a new round of reforms further strengthening the country’s anti-money laundering (AML) and counter-terrorist financing (CFT) efforts.

PLDT Inc., the Philippines’ largest telecommunications provider, has posted a solid financial performance for 2024, demonstrating growth and resilience amid a rapidly evolving industry. Net income for the year rose significantly to P32.33 billion, up from P26.61 billion in 2023.

Integrated Micro-Electronics Inc. (IMI), a subsidiary of the Ayala Group struggling to make a profit, may be on the cusp of a profitable year after a period of restructuring and streamlining its operations. The company, which has faced considerable financial difficulties, has scaled down its operations, refocusing on its core strength to improve profitability.

ABS-CBN Corp. has sold a significant portion of its Quezon City property to Ayala Land Inc., one of the country’s largest property developers, for P6.24 billion.