Corporate

Citicore Energy REIT Corp., the country’s first and largest renewable energy real estate investment trust, said Tuesday net income last year rose 12 percent...

Filinvest Land unit leases 14-story Buendia tower to DTI Corporate Filinvest Cyberparks Inc., the office business arm of listed property unit Filinvest Land Inc., said Tuesday it leased a grade-A building in Buendia to the Department of Trade and Industry. DTI leased Filinvest Cyberparks’ 10,688.4-square-meter, 14-story building as part of its plan to consolidate its various operating units, aiming to improve efficiency and convenience for its employees and the public. "Filinvest Land is committed to providing top-tier facilities and services that empower organizations to thrive. Through this partnership, we aim to support DTI in its mission to deliver exceptional public service and to contribute to the advancement of our nation’s economic landscape. We are grateful for their trust and confidence in our company," said Filinvest Land president and chief executive officer Tristan Las Marias. The building will have five passenger elevators ensuring seamless movement, a Variable Refrigerant Flow air conditioning system for energy efficiency, and robust emergency power supply. Enhanced security measures, including turnstiles and a Visitor Management System, will be installed to ensure a safe environment. An al fresco space on Jupiter Street provides an outdoor ambiance amid the urban landscape. "Filinvest Buendia provides an optimal environment for our operations, enabling us to enhance our services and better serve the Filipino people," said DTI Assistant Secretary and Supervising Head of the Management Services Group, Atty. Agaton Uvero. DTI's functional groups, including the Office of the Secretary, Competitiveness and Innovation Group, Consumer Protection Group, and the Communications Office, are the ones set to relocate to Filinvest Buendia. Financial details of the lease agreement weren’t disclosed.

Philippine Airlines said Monday a strong recovery in the travel and tourism industry drove its net income last year to a record USD379 million, a 92 percent increase from the USD197 million posted in 2022. This is the highest net profit for PAL, excluding restructuring gains.

Only 1 percent of organizations in the Philippines have the "mature" level of readiness needed to be resilient against modern cybersecurity risks, according to  2024 Cybersecurity Readiness Index of NASDAQ-listed firm Cisco.  Cisco developed the index to assess the readiness

Universal Robina Corp., the food arm of the Gokongwei Group, saw net income decline 13 percent last year to P12.2 billion, hurt by a...