Corporate

Oceana Gold Philippines Inc. reported a 13.1 percent increase in net income in 2024 reaching USD30.3 million versus only USD26.8 million in 2023. The growth was primarily driven by higher gold and copper prices despite a 30 percent drop in gold production and a 13.4 percent decline in copper output.

Ayala Land Inc. reported a strong financial performance for 2024, with net income climbing 15 percent to P28.33 billion, up from P24.5 billion the previous year.

Metrobank achieved a record P48.1 billion in net income for 2024, marking a 14 percent year-on-year increase. This was driven by a strong asset...

ACEN Corp. retail electricity division ACEN RES has signed a deal to supply power to five facilities across the Philippine Cultural College's (PCC) three campuses under the Retail Aggregation Program (RAP). This allows the PCC to aggregate its electricity demand, surpass the 500-kilowatt threshold, and secure competitive, negotiated rates directly from ACEN. With nearly 1 megawatt total power demand, the PCC then benefits from customer choice and reduced electricity costs.

The Philippines has taken a major step in its economic revitalization efforts with the signing of the Implementing Rules and Regulations (IRR) for the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act. Finance Secretary Ralph G. Recto said this development sends a clear message that the country is ready to compete on a global scale, offering stability and an investment-friendly environment.