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Press Release

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.

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Press Release

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.

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Philippine Business Bank
Press Release

Philippine Business Bank Reports โ‚ฑ1.9 Billion Net Income for 2025

Philippine Business Bank achieved a net income of โ‚ฑ1.9 billion for the year ended 2025, reflecting a โ‚ฑ114.2 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.

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Press Release

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.

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