Corporate

Unioil Group of Companies has entered into a strategic partnership with Repsol S.A., marking a significant move in the Philippine lubricants market. Under the agreement, Repsol Downstream Internacional, a subsidiary of the Spanish multinational energy and petrochemical company, acquired a 40 percent stake in Unioil Lubricants Inc. (ULI), the lubricants manufacturing and distribution arm of Unioil.

BCRemit, a Filipino-owned global fintech company, has teamed up with GCash to offer overseas Filipinos (OFs) a more convenient and secure way to send money back home.

Alfamart, the minimart business of the SM Group, is set to expand its network by at least 200 new stores in Luzon in 2025, further strengthening its commitment to making fresh goods and daily essentials more accessible to Filipino neighborhoods. As of 2024, Alfamart had a total of 2,100 stores.

Aboitiz Power Corp. has filed with the Securities and Exchange Commission (SEC) the shelf registration of peso-denominated, fixed-rate retail bonds aggregating P100 billion to bolster its financial position and fund key projects. 

Megaworld Corp., the listed property development arm of the Andrew Tan Group,  had another record-breaking year in 2024, posting a 12 percent increase in net income to P21.7 billion, driven by the robust expansion across its business segements—real estate, leasing and hospitality.