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Lepanto Net Income Surges to P659 Million as of May 2025

6/17/2025

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Lepanto Net Income Surges to P659 Million as of May 2025
​Net Income of Lepanto Consolidated Mining Company as of the end of May 2025 reached P659 million, compared with P16 million for the same period last year.

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Cebu Pacific Enhances Operational Efficiency with Lufthansa Systems

6/17/2025

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Cebu Pacific Enhances Operational Efficiency with Lufthansa Systems
​Cebu Pacific, the Philippines’ leading carrier, today signed an agreement with Lufthansa Systems at the Paris Air Show to implement their next-generation operations control and crew management solution – a key step in supporting the airlines ambitious growth plans.

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Cebu Pacific and RTX's Pratt & Whitney Sign Long-Term Engine Maintenance Deal

6/17/2025

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Cebu Pacific and RTX's Pratt & Whitney Sign Long-Term Engine Maintenance Deal
Pratt & Whitney, an RTX (RTX) business, and Cebu Pacific (CEB) have signed a long-term EngineWise™ comprehensive maintenance services agreement for the airline's GTF engine fleet. This agreement aligns Cebu Pacific’s maintenance costs to the utilization of the airline's engines. 

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SEC Revokes Corporate Registration, Secondary Licenses of 401 Lending Companies

6/16/2025

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SEC Revokes Corporate Registration, Secondary Licenses of 401 Lending Companies
​The Securities and Exchange Commission (SEC) has cancelled the primary registration and secondary licenses of 401 lending companies for failure to comply with the reportorial requirements, reinforcing the Commission’s campaign against erring firms and its investor protection efforts. 

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Wilcon Depot Receives Top Taxpayer Award in Rosario, Batangas

6/16/2025

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Wilcon Depot Receives Top Taxpayer Award in Rosario, Batangas
As a gesture of recognition of its continued dedication to community-building and nation-building, Wilcon Depot Rosario, Batangas, was honored as one of the Top 4 Business Taxpayers of the Year 2024 in the Corporate Business Category by the Municipality of Rosario, Batangas.

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PGEC’s San Jose Solar Power Project Secures P498 Million Financing from RCBC

6/16/2025

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Picture
San Jose Green Energy Corporation (SJGEC), a subsidiary of Rizal Green Energy Corporation (RGEC), signed on 10 June 2025 an Omnibus Loan and Security Arrangement (OLSA) for a P498 million term loan facility with Rizal Commercial Banking Corporation (RCBC) as Lender, RCBC Capital Corporation as Lead Arranger, and RCBC Trust Corporation as Facility Agent and Security Trustee for the partial financing of its 19.6MWDC San Jose Solar Power Project (SJSPP) in Nueva Ecija. RGEC is a joint venture of the Yuchengco-led PetroGreen Energy Corporation (PGEC) and Japan’s TAISEI Corporation.

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Century Properties Doubles Dividend Payout to 20%, Declares 5% Special Cash Dividend for 2025

6/16/2025

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Century Properties Doubles Dividend Payout to 20%, Declares 5% Special Cash Dividend for 2025
Century Properties Group, Inc. (CPG) has announced a significant enhancement to its dividend policy, reflecting its robust 2024 financial performance and ongoing commitment to shareholder value. At a special meeting on June 16, the Board of Directors of CPG approved the increase in the regular dividend payout for the outstanding Common Shares of the Company from 10% to 20% of its consolidated net income from the preceding fiscal year, along with the declaration of a 5% special cash dividend for 2025.

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Century Pacific Renews Long-term Deal with Vita Coco

6/16/2025

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Century Pacific Renews Long-term Deal with Vita Coco
Century Pacific Food, Inc. (CNPF), one of the leading food companies in the Philippines, renews its long-term agreement with The Vita Coco Company, Inc., the global leader in coconut water. The contract is valued at approximately P14 billion, spanning five years.

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Wilcon Depot Holds Annual Stockholders Meeting for FY 2024

6/16/2025

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Wilcon Depot Holds Annual Stockholders Meeting for FY 2024
​Wilcon Depot, Inc., the country’s leading home improvement and finishing construction supply retailer, held its Annual Stockholders Meeting covering its full year 2024 results.

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Board Appointed Gregory Hawkins as Director, President and COO of Bloomberry

6/16/2025

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Board Appointed Gregory Hawkins as Director, President and COO of Bloomberry
On 11 June 2025, the Board of Directors appointed Mr. Gregory Francis Hawkins as Director, President and Chief Operating Officer of Bloomberry Resorts Corporation (BRC). Mr. Hawkins joined Bloomberry in November 2023 to head Solaire Resort North as Chief Operating Officer (COO). In December 2024, with the retirement of the previous BRC President and COO, Mr. Hawkins was appointed as Acting COO of Bloomberry Resorts and Hotels, Inc. (BRHI) to oversee both Solaire Resort North and Solaire Entertainment City. In February 2025, he was designated as Acting COO of BRC.

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TecPlata, ONE, Newsan Inaugurate River Plate Express Service

6/16/2025

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TecPlata, ONE, Newsan Inaugurate River Plate Express Service
TecPlata, ONE and consumer electronics and food product manufacturer Newsan welcome the arrival of the SX2 River Plate Express in the Port of La Plata.
TecPlata, International Container Terminal Services, Inc.’s (ICTSI) Buenos Aires terminal, recently welcomed the inaugural call of the SX2 River Plate Express service of Ocean Network Express (ONE). ​

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Merger of BPI US Dollar Income Feeder Fund with BPI Global Bond Income Fund, A Feeder Fund

6/16/2025

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Merger of BPI US Dollar Income Feeder Fund with BPI Global Bond Income Fund, A Feeder Fund
​As part of its ongoing efforts to streamline its Unit Investment Trust Fund (UITF) offerings, Bank of the Philippine Islands (BPI) announced that the BPI US Dollar Income Feeder Fund will be terminated and will be merged with the new BPI Global Bond Income Fund, A Feeder Fund, effective July 25, 2025. According to BPI, those investors of the US Dollar Income Feeder Fund will automatically be shifted to the US Dollar class of the BPI Global Bond Income Fund.

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BSP Opens One-Stop Shop for Public Services

6/16/2025

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BSP Opens One-Stop Shop for Public Services
BSP Governor Eli M. Remolona Jr. (third from left) led the inauguration ceremony of the BSP Hub along with Monetary Board Members (from left) Walter C. Wassmer, Romeo L. Bernardo, Benjamin E. Diokno, Rosalia V. De Leon, and Jose L. Querubin.
The Bangko Sentral ng Pilipinas (BSP) inaugurated the “BSP Hub” on 05 June 2025, making it more convenient for Filipinos to avail of BSP services.

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SEC Okays Aboitiz Power’s Shelf Registration

6/15/2025

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SEC Okays Aboitiz Power’s Shelf Registration
​The Securities and Exchange Commission (SEC) has considered favorably the debt securities program of Aboitiz Power Corporation, which seeks to raise up to P30 billion for the initial offering.

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SEC Issues Rules on Crypto-Asset Service Providers

6/13/2025

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SEC Issues Rules on Crypto-Asset Service Providers
​The Securities and Exchange Commission (SEC) is regulating the marketing, issuance, and trading of crypto-assets, as well as the registration and operation of crypto-asset service providers (CASPs) in the country as it seeks to balance the promotion of innovative securities and technology-based ventures while ensuring market integrity and investor protection.

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