Ayala Corp., the diversified holding company of the Ayala Group, reported a 3.7 percent decline in net income to P12.6 billion in the first quarter, weighed down by one-off items and weaker contributions from its telecom and energy units.
Globe Telecom Inc. said the appointment of Raymond Carl R. Cruz as its new president and chief executive officer, effective 22 April, was approved by shareholders during their annual stockholders’ meeting. Globe directors ratified Cruz's appointment during its subsequent organizational meeting.
Globe Telecom Inc., the listed digital platform of the Ayala Group, has completed the final batch of its tower sale and leaseback deal with Unity Digital Infrastructure, transferring 121 sites for P1.45 billion.
Ayala Corp., a diversified investment holding company, reported a record net income of P42.0 billion for 2024, up 10 percent year-on-year increase. Excluding one-off items, its core net income hit P45.0 billion, marking a significant milestone for the company.
Globe Telecom is reinforcing its commitment to the SIM Registration Act (RA 11934), emphasizing the need for a validated database to combat SIM card-related crimes.
Fuel prices are expected to go up again this Tuesday, marking the third straight week of increases. Gasoline prices may rise by ₱0.20 to ₱0.40 per liter, while diesel could increase by a much bigger ₱1.20 to ₱1.40 per liter. Kerosene prices may also climb by as much as ₱0.45 per liter, according to industry and government estimates.
The Department of Environment and Natural Resources’ Environmental Management Bureau (EMB) has scheduled a public scoping on January 28, 2026 for a proposed industrial gas facility in San Simon, Pampanga.
Cebu Pacific said it is ready to increase flights to China if travel demand rises, following the Philippine government’s move to allow visa-free entry for Chinese tourists.
Aboitiz InfraCapital (AIC) said its airport portfolio handled a total of 16.7 million passenger arrivals in 2025, reflecting strong demand for air travel in the Visayas and Northern Mindanao and highlighting the growing role of its airports in regional development.