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San Miguel raises P13B via preferred shares sale

San Miguel Corp. said Thursday it raised nearly P13 billion from the private placement of 173.3 million series 2-M preferred shares.

PSALM eyes cutting inherited burden by yearend

The Power Sector Assets and Liabilities Management Corp. (PSALM) looks to cut its financial obligations to P306.6 billion by the end of the year. Dennis...

Ayala sells majority stake in German auto parts maker 

Ayala Corp. on Tuesday bared selling its majority stake in the German auto parts maker MT Technologies GmbH and focus on its core businesses of real...

Globe bares sharp drop in scam messages

Globe Telecom Inc. on Tuesday reported a 46 percent drop in bank-related scam and spam messages in its network in the first half this...

ERC formally asks Congress to suspend listing rule covering small RE players

The Energy Regulatory Commission (ERC) is asking lawmakers to consider suspending the mandatory listing of energy companies at the local bourse to encourage the entry of more renewable energy (RE) companies.

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NLEX wades into flood fight early

Tollway operator NLEX Corp. has begun clearing major waterways in the capital, aligning with the government’s Oplan Kontra Baha program as authorities rush to reduce urban flooding before the rainy season.

Bloomberry bets on north as profits fold

Bloomberry Resorts Corp., the gaming venture of tycoon Enrique Razon Jr., closed 2025 in the red after a year marked by softer VIP demand, regulatory headwinds, and the costly ramp-up of its newest property, even as its northern expansion showed early promise.

Aboitiz Equity holds profits, pushes ‘techglomerate’ vision

Aboitiz Equity Ventures Inc., the investment holding company of the diversified Aboitiz Group, kept its earnings steady in 2025 while accelerating its push to transform into a “techglomerate,” underscoring the conglomerate’s strategy of layering digital capabilities across its core businesses.

PHINMA trims capex, prioritizes project execution

Capital spending at PHINMA Corporation is expected to moderate in 2026 as the group shifts its focus from launching new investments to completing and monetizing projects already in its pipeline.

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