First Gen Corporation, the Lopez Group’s clean and renewable energy provider, reported a 12 percent decline in attributable recurring net income for 2024, amounting to USD245 million (P14.0 billion), compared to USD277 million (P15.4 billion) in 2023.
A little over a dozen companies listed on the Philippine Stock Exchange (PSE), including those owned by prominent families, are now required to submit monthly public ownership reports (POR)—an early-warning system established by the bourse to monitor firms teetering close to the minimum ownership threshold.
The Aurora Pacific Economic Zone and Freeport Authority (APECO) was honored by the Anti-Money Laundering Council (AMLC) for its contributions to the Philippines’ removal from the Financial Action Task Force (FATF) grey list.
The Bangko Sentral ng Pilipinas (BSP) held an information session for the banking industry to strengthen compliance and promote sound practices in foreign exchange (FX) transactions.
Chinabank has once again been recognized for its strong commitment to world-class corporate governance, earning the Four-Golden Arrow Award from the Institute of Corporate Directors (ICD).