Corporate

Aboitiz Equity Ventures Inc. (AEV) reported a consolidated net income of ₱8.9 billion for the third quarter of 2025, a 71 percent increase from the previous quarter, driven by stronger performance across most of its business units. The result underscored the group’s resilience and ongoing transformation into the Philippines’ first “techglomerate,” a future-ready conglomerate powered by innovation, sustainability, and collaboration.

Fraud continues to take a major toll on Philippine businesses, costing companies the equivalent of 6 percent of their annual revenues, or about P4 trillion, over the past year, according to TransUnion’s H2 2025 Top Fraud Trends Report. While slightly below the global average of 7.7 percent, the figure underscores the heavy financial strain fraud places on organizations across the country.

Security Bank has opened its newest branch in Kawit, Cavite — its 363rd branch nationwide and 12th in the province — as part of its goal to make banking more accessible outside Metro Manila.

Semirara Mining and Power Corp. (SMPC) reported a 37 percent drop in net income to P9.9 billion for the first nine months of 2025, down from P15.7 billion in the same period last year, citing lower coal and electricity prices despite record-high production and sales.

The Manila Electric Co. (Meralco) has completed upgrades to its Calamba 230 kV-115 kV substation to improve electricity reliability for parts of Laguna and Batangas.