Corporate

SM Investments Corp., the flagship investment holding company of the Sy Group, said Wednesday net income in the first half rose 10 percent to P40.2 billion, with earnings gathering traction in the second quarter on improved discretionary spending and gains from operations of banking and property development businesses as well as portfolio investments.

Vista Land & Lifescapes Inc., a property development arm of the Villar Group, said Wednesday its wholly-owned subsidiary, VLL International Inc., has issued an additional...

Globe Telecom Inc., the telecom and financial services unit of the Ayala Group, said Wednesday it ended the first half with a 2 percent growth in consolidated gross service revenue of P82.2 billion, lifted by mobile and corporate data services.

Phinma Corp., a diversified investment holding company, said Wednesday its board has approved a stock rights offering that seeks to raise up to P1 billion for its growth strategy Proceeds from the rights offer are intended to support the expansion plans of its subsidiaries, increase capital for potential new ventures, and address general corporate needs.

Petron Corp., the oil company under the San Miguel Group, said Tuesday first-half revenue climbed 21 percent year-on-year to P444.5 billion, fueled by increased sales and a favorable retail environment in both the Philippines and Malaysia.