Corporate

First Gen Corp., a Philippine-listed independent power producer primarily using clean energy, said Friday recurring net income in 2022 rose 5 percent to $265 million compared with the $252 million posted the previous year, helped by gains in geothermal plants, and wind and solar farms.

GT Capital Holdings Inc., the holding firm of the Ty group, reported income rising 67 percent in 2022 to P18.4 billion from P11 billion the previous year, due mainly to the performance of its banking unit.

PLDT Inc. executives on Thursday heaved a collective sigh of relief following the completion of a forensic audit into elevated capital expenditures (capex) for the period 2019 to 2022. 

Socialized housing developer Ovialand Inc. is set to go public under a P2.21 billion initial public offering (IPO) at the Philippine Stock Exchange (PSE). Ovialand...

ABS-CBN Corp. on Thursday reported a sharp 54 percent reduction in net loss to only P2.6 billion in 2022 from P3 billion in 2021...