The diverse engineering conglomerate DMCI Holdings, Inc., which made its first acquisition in ten years and its largest investment to date, presented its strategic strategy for revitalizing Cemex Holdings Philippines (CHP).

The public offering of Bank of Commerce (BankCom), an affiliate of San Miguel Corporation, has begun for its peso bond issuance. The bonds have a minimum size of P5 billion and an oversubscription option (Series B Bonds).

A leading player in the mid-premium supermarket business in the Philippines, AllDay Supermarket (ALLDY), recorded P10.914 billion in revenue at the end of FY2023, 4.4% more than P9.760 billion in FY2022. In addition, net income increased by 22.4% to P369 million from P302 million in FY 2021.

One-stop full-line home center in the Philippines, AllHome, reported P12.06 billion in net revenue for the fiscal year 2023. The home retail chain also showed improvements in gross profit margins, with 38% in 2023 compared to 36.8% in 2022—a 120 basis point increase. The net profit for AllHome's FY 2023 is P797 million.

In the first quarter of 2024, Metropolitan Bank & Trust Co. (Metrobank) recorded net earnings of P12.0 billion, a 14.5% increase over the previous year. As a result, the return on equity (ROE) increased to 13.7% from 13.1% in the previous year. The bank's steadily increasing lending portfolio, improved operational effectiveness, steady asset quality, and ongoing implementation of capital optimization policies were the main drivers of its rising profitability.

Topline revenues remain strong, growing by 14% year-on-year. This is attributable to the growing proportion of consumer loans, higher net interest margins, and transaction fees. Net interest income grew by 17% to P13 billion driven by a 59bps improvement in net interest margins now standing at 5.7%. Non-interest income excluding trading gains, went up by 13% to P4.7 billion. The Bank’s consumer loans now account for 59% of total loan portfolio, nearly 3x higher than industry average.

Philippine Rating Services Corporation (PhilRatings) maintained its Issue Credit Rating of PRS Aaa, with a Stable Outlook, for D&L Industries, Inc.’s (D&L) total outstanding Fixed Rate Bonds amounting to P5.0 billion.

The Consolidated Core Net Income (CCNI) of Manila Electric Company (Meralco) increased by 11% to P10.1 billion in the first three months of 2024 from P9.0 billion in the same quarter of the previous year. This increase was attributed to higher sales volumes in the distribution business as well as ongoing contributions from power generation, retail electricity supply (RES), and non-power-related businesses.

In the first quarter of 2024, Aboitiz Equity Ventures Inc. (AEV) reported consolidated net income of P4.9 billion, a 22% increase over the P4.0 billion reported in the same period the previous year. With a non-recurring net loss of P54 million subtracted, the company's core net income for the first quarter of 2024 was P5.0 billion, an increase of 8% over the P4.6 billion earned during the same time in 2023. 

The core net income of Aboitiz Power Corporation (AboitizPower) for the first quarter of 2024 was P7.8 billion, which is a 3% increase over the P7.6 billion reported in 2023. Increased generation portfolio margins were the main cause of the increase. The company recorded P7.9 billion in net income for the first quarter of 2024, which is P4.5 billion for the same time in 2023. This is a 4% increase.

One of the largest general contractors in Japan, Taisei Corporation (Taisei), and Yuchengco-led PetroGreen Energy Corporation (PGEC) inked investment framework and shareholder agreements on April 23, 2024, with the goal of Taisei acquiring a 25% equity stake in PGEC's subsidiary, Rizal Green Energy Corporation (RGEC). Taisei, one of Japan's top 5 general contractors, was established in 1873 and has since built ports, harbors, industrial complexes, power plants, bridges, and tunnels, as well as commercial structures across more than 65 nations. The Taisei Group reported total net sales of US$12.3 billion for the fiscal year 2022.

According to PSA, the digital economy of the Philippines in 2023 amounted to P2.05 trillion, contributing 8.4% to the country's Gross Domestic Product. This resulted in 7.7% growth from the P1.90 trillion Gross Value Added of the digital economy in 2022.

Tech giant Google announced that the shopping links and shopping anchor labs are now a permanent part of Auto Ads under the new name "Ad Intents."

​GCash, the Philippines’ top finance app and largest cashless ecosystem, recorded nearly half a million user base for GStocks PH as it ramps up the reach of its stock investment platform.