Corporate
SMPC net income falls 37% despite record coal and power output
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.
Meralco upgrades Laguna Substation to boost power reliability
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.
PNB and PAL renew co-brand partnership
The Philippine National Bank, a subsidiary of LT Group, Inc., and the Philippine Airlines (PAL), under PAL Holdings, Inc., have renewed their co-brand partnership to strengthen their collaboration in providing improved travel and financial services for Filipinos.
Digital literacy program boosts inmate rehab in Palawan
Foundever®, through its University and Community Partnership (UCP) and Language Academy in Palawan, has teamed up with the Bureau of Jail Management and Penology (BJMP) Puerto Princesa to launch a digital literacy skills training program aimed at supporting inmate rehabilitation and reintegration.
Philex profit surges in 3Q on record gold prices
Philex Mining Corp., the country’s largest gold producer, posted stronger earnings in the third quarter, lifted by record-high gold prices and steady mine operations. The company also disclosed major progress in its Silangan Copper-Gold Project in Surigao del Norte.
