PhilWeb Corporation Launches Game Content Distribution and Aggregation Initiative
PhilWeb Corporation has announced its entry into the game content distribution and aggregation business following its B2B accreditation from PAGCOR. This strategic move aims to enhance its role in the regulated gaming sector by providing a unified platform for licensed operators.
Megaworld to Triple Carbon Forest Cover to 1,500 Hectares by 2026
Megaworld Corporation announced plans to triple its carbon forest cover from 240 hectares to 1,500 hectares within three years. This initiative is part of their broader sustainability efforts aimed at achieving carbon neutrality and enhancing biodiversity.
Potato Corner Wins Two Awards at QSR Media Asia Awards 2026
Potato Corner, a brand under Shakey's Pizza Asia Ventures, Inc., received two awards at the QSR Media Asia Conference & Awards 2026 for its expansion efforts. This recognition highlights the brand's growth in both domestic and international markets.
DoubleDragon Corporation Announces $300 Million Equity Perpetual Preferred Share Offering
DoubleDragon Corporation's subsidiary, Hotel101 Global Holdings Corp., has disclosed a $300 million Series A perpetual preferred share offering in the U.S. This funding aims to support the strategic expansion of Hotel101 projects worldwide, including the recent opening of Hotel101-Madrid.
Alliance Global Group, Inc. Reports Record Profit of P30.6 Billion in 2025
Alliance Global Group, Inc. (AGI) announced a record net income of P30.6 billion for 2025, reflecting a 10% increase year-on-year. The growth was supported by higher contributions from its real estate and leisure segments, despite the deconsolidation of its quick service restaurants business.
Filinvest Land Opens One Filinvest Building in Ortigas Center
Filinvest Land, Inc. has opened One Filinvest, a new office and retail development in Ortigas Center, in response to sustained demand for high-quality office spaces. The building features approximately 38,986 square meters of gross leasable office space and is designed to meet modern corporate needs.
ABS-CBN Corporation Reports ₱12.59 Billion in Content Revenues, Narrows Losses in 2025
ABS-CBN Corporation achieved content revenues of ₱12.59 billion in 2025, reflecting a 5% growth. The company's recurring net loss narrowed by 11% to ₱2.54 billion, indicating improved financial performance despite challenges in other segments.
Bank of the Philippine Islands announced a net income of P16.9 billion for the first quarter of 2026, reflecting a 1.7% increase year-on-year and a 4.9% increase from the previous quarter. The growth was attributed to loan portfolio expansion and improved net interest margins.
First Gen Corporation Secures PHP24.75 Billion in SBLCs for 33% Stake in Prime Hydropower Energy, Inc.
First Gen Corporation has received Standby Letters of Credit (SBLCs) totaling PHP24.75 billion from BDO Unibank to support its acquisition of a 33% stake in Prime Hydropower Energy, Inc. This acquisition is significant as it involves substantial investments in hydroelectric projects, highlighting First Gen's commitment to expanding its renewable energy portfolio.
China Banking Corporation Declares P7.5 Billion in Cash Dividends
China Banking Corporation has declared a total cash dividend of P2.80 per share, consisting of a regular cash dividend of P1.80 and a special cash dividend of P1.00. This declaration reflects the bank's ongoing commitment to returning value to its shareholders.
Shakey's Pizza Reports 14% Systemwide Sales Growth in 2025
Shakey's Pizza Asia Ventures, Inc. reported a 14% increase in systemwide sales to Php24.8 billion for FY25, driven by network expansion with 351 new stores. However, earnings were impacted by a 20% decline in core net income to Php952 million due to soft discretionary spending and expansion costs.
Jollibee Foods Corporation announced a successful pre-opening for its coffee brand, Compose Coffee, in Taiwan, generating approximately NT$70,000 in sales on its first day. The company plans to launch Compose Coffee in the Philippines later this year, indicating a strategic expansion in the coffee market.
Highlands Coffee Achieves High Double-Digit Revenue Growth in FY 2025
Jollibee Foods Corporation announced that Highlands Coffee experienced high double-digit revenue growth for FY 2025 compared to FY 2024, supported by strong unit-level performance and best-in-class store-level profitability. This growth reinforces Highlands Coffee's position within Jollibee's Coffee & Tea portfolio.
Megaworld to Open Belmont Hotel Iloilo, Expanding Hospitality Portfolio
Megaworld Corporation announced the opening of Belmont Hotel Iloilo, its third hotel in the Iloilo Business Park, adding 405 rooms to its hospitality portfolio. This development increases Megaworld's total hotel room inventory in Iloilo to 880, representing nearly 25% of the city's hotel room supply.
Jollibee Foods Corporation Secures FTC Approval for Acquisition of Shabu All Day
Jollibee Foods Corporation announced that the Korea Fair Trade Commission has approved its subsidiary's acquisition of All Day Fresh Co., Ltd., operator of Shabu All Day, Korea's largest hot pot restaurant chain. This acquisition is expected to enhance Jollibee's growth platform in Korea, contributing approximately +2% to Group Revenues and +8% to Global EBIT.
Philippine Business Bank Reports ₱1.9 Billion Net Income for 2025
Philippine Business Bank achieved a net income of ₱1.9 billion for the year ended 2025, reflecting a ₱114.2 million increase year-over-year. The bank demonstrated resilience amid challenging market conditions, with improvements in net interest income and a reduction in non-performing loans.
Top Line Business Development Corp. Partners with Uncle John's for Light Fuels Stations
Top Line Business Development Corp. has entered into a partnership with Robinsons Retail, designating Uncle John's as the anchor tenant for its Tier 1 Light Fuels stations. This collaboration aims to enhance non-fuel revenue streams and improve customer convenience.
Megaworld Corporation to Begin Land Development for San Benito Private Estate
Megaworld Corporation announced plans to start land development for the San Benito Private Estate in Lipa, Batangas, which will include roads and key infrastructure within a 25-hectare wellness township. The project represents a significant investment of P12 billion and aims to integrate wellness and luxury living.
Repower Energy Reports 177% Increase in Net Income to Php 330M for 2025
Repower Energy Development Corporation announced a significant increase in net income for 2025, rising 177% to Php 330 million, driven by higher electricity generation and capacity expansion. This growth reflects the company's effective use of capital following its IPO and its ongoing investments in renewable energy.
Cebu Air Reports 11.5% Increase in Passenger Traffic for March 2026
Cebu Air, Inc. announced an 11.5% year-on-year increase in passenger traffic for March 2026, carrying over 2.5 million passengers. The overall seat load factor improved to 82.1%, indicating strong demand and effective capacity management.
