Corporate

Ayala Corp., the diversified holding company of the Ayala Group, reported a 3.7 percent decline in net income to P12.6 billion in the first quarter, weighed down by one-off items and weaker contributions from its telecom and energy units.

Union Bank of the Philippines, the country’s 9th largest lender by assets, has expanded its peso bond program to P100 billion, marking a strategic move to enhance funding flexibility and support future growth initiatives.

Hard discounters are expected to maintain their upward trajectory in the local retail landscape, driven by aggressive store expansion and a growing portfolio of private label products. This trend is reshaping the food retail industry and attracting strategic investments from established players such as Robinsons Retail Holdings Inc. (RRHI).

RL Commercial REIT Inc. (RCR), the publicly listed real estate investment trust backed by property giant Robinsons Land Corp. (RLC), is setting its sights on tripling its asset base over the next three years as part of an aggressive growth plan backed by its sponsor.

The Singapore Airlines (SIA) Group has reinforced its commitment to decarbonisation by signing two key agreements for sustainable aviation fuel (SAF), highlighting the growing corporate and commercial significance of renewable fuels in global aviation.