Corporate

Petron Corp., the country’s largest oil refiner and fuel retailer, reported a 37 percent increase in net income to ₱9.7 billion for the first nine months of the year, up from ₱7.1 billion in the same period last year.

Ayala Corp. heiress Mariana Zobel de Ayala and Robinsons Land Corp. (RLC) president and CEO Mybelle V. Aragon-GoBio have been named to Forbes Asia’s 2025 Power Businesswomen list, recognizing 20 influential female leaders driving change across the region.

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.