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Sanyo Denki powers shift to full renewable energy with First Gen partnership

Sanyo Denki Philippines, Inc., the local manufacturing arm of Japan’s Sanyo Denki Co. Ltd., has signed a landmark deal with First Gen Corp. to source 100 percent of its electricity from renewable energy (RE), marking a major step in its global sustainability push.

PXP Energy widens loss on weaker Galoc output, lower oil price

PXP Energy Corp., a publicly listed oil and gas exploration firm, reported a first-quarter net loss of P9.4 million, significantly wider than the P2.6 million loss posted during the same period last year.

Chinabank hikes dividends, declares P6.7B payout

China Banking Corp., a banking affiliate of the Sy Group, said its board has approved a total cash dividend payout of P6.7 billion, reflecting the bank’s strong financial performance and commitment to rewarding shareholders.

ADB mobilizes $39.2B to drive development

The Asian Development Bank (ADB) committed USD24.3 billion from its own resources in 2024, alongside USD14.9 billion in co-financing from global partners, to tackle the most pressing development challenges across Asia and the Pacific. 

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