Corporate

STI Education Systems Holdings, Inc. said its subsidiary, STI Education Services Group Inc., has fully redeemed its 7-year bonds worth P2.18 billion.

Citicore Renewable Energy Corp., a clean energy company, said Wednesday that along with unit, Citicore Solar Tarlac 1, it raised P5 billion from the sale of a 28.79 percent of Citicore Energy REIT Corp. to SM Investments Corp.

JG Summit Holdings, Inc., the investment holding company of the Gokongwei Group, said Tuesday it booked a net profit of P20.2 billion last year, a sharp gain from the P700 million net income in 2022 on higher revenues and better operating margins across its diverse business interests as well as foreign exchange gains.

Cebu Pacific Air (CEB) on Tuesday reported returning to profitability in 2023, a turnaround from net loss of P14 billion the previous year. 

ACEN to infuse additional funds to wind, solar projects in Luzon