Corporate

GCash emerged as the biggest winner at the YouTube Works Awards Philippines 2026, capturing the coveted Best of Philippines award with a campaign that turned creative storytelling and artificial intelligence into measurable business growth.

San Miguel Food and Beverage Inc. (SMFB) reported Wednesday that its net income fell 4 percent to P22.1 billion in the first half of the year, down from P22.96 billion in the same period last year. The decline came as higher commodity prices, slower economic growth, and global supply chain issues reduced consumer spending and hurt some export markets.

Aboitiz Power Corporation (AboitizPower) and Korea Hydro & Nuclear Power Co., Ltd. (KHNP) signed a Memorandum of Understanding (MOU) on July 31 at KHNP’s headquarters in Gyeongju, South Korea, to explore cooperation on nuclear energy technologies and their possible use in the Philippines.

Boracay Water has ramped up measures to keep water services steady across Boracay Island as El Niño brings prolonged dry conditions. The utility is boosting river monitoring, cutting water losses, and protecting watersheds to ensure reliable supply for residents, businesses, and tourism.

D and L Industries Inc. reported an 8 percent rise in first-half 2026 net income, with a 10 percent jump in second-quarter earnings, and expects better results ahead. President and CEO Alvin D. Lao cited recovering consumer spending and stabilizing coconut oil prices as key drivers.