EastWest Banking Corporation announced a record net income of P7.6 billion for 2024, a 25% increase attributed to strong consumer loan expansion. This growth reflects the bank's operational efficiency and customer-centric approach.

EastWest Bank reports 25% profit surge

The Philippine peso strengthened against the dollar, closing at P57.915, while the stock market saw a decline amid global trade uncertainties. Investors are cautious as they navigate economic challenges and potential tariff impacts.

Peso strengthens as stock market fluctuates

Saudi Aramco has signed an agreement to acquire a 25% equity stake in Unioil Petroleum Philippines, enhancing its retail network in the country. This strategic move aims to capitalize on the growing high-value fuels market in the Philippines.

Aramco acquires stake in Unioil to expand market presence

Manila Electric Company (MER) is a private distribution utility organized on May 7, 1919 which holds a congressional franchise under Republic Act (RA) No. 9209 effective June 28, 2003. RA 9209 granted MER a 25-year franchise valid through June 28, 2028 to construct, operate, and maintain the electric distribution system in the cities and municipalities of Bulacan, Cavite, Metro Manila, and Rizal and certain cities, municipalities, and barangays in the provinces of Batangas, Laguna, Pampanga, and Quezon.The principal business of MER is the distribution and sale of electric energy through its distribution network facilities in its franchise area. The Company's market is categorized into four classes namely, residential, commercial, industrial, and streetlights. MER sources the electricity it distributes from at least 10 different power suppliers including the Independent Electricity Market Operator of the Philippines. MER has a unit for its participation in retail electricity supply (RES) with a trade name, "MPower". The Energy Regulatory Commission granted the following companies distinct RES licenses to operate as affiliate retail electricity suppliers in Luzon and Visayas, namely, Vantage Energy Solutions and Management, Inc., a wholly-owned subsidiary of MER; Solvre, Inc., a wholly-owned subsidiary of MERALCO PowerGen Corporation; and MeridianX Inc., a wholly-owned subsidiary of Comstech Integration Alliance, Inc.Source: SEC Form 17-A (2019)

A major Philippine electric distributor serving residential, commercial, and industrial sectors.

Manila Electric Company

Globe Telecom, Inc. (GLO) was originally incorporated on January 16, 1935 as Globe Wireless Limited with a franchise to operate wireless long distance message services in the Philippines. The Company eventually changed its name to the present one in 1992, and welcomed Singapore Telecom, Inc. as a new foreign partner the following year. GLO is a telecommunications company that provides digital wireless communication services nationwide under the "Globe Postpaid", "Globe Prepaid", and "TM" brands using a fully digital network. The Company also offers domestic and international long distance communication services or carrier services. On May 30, 2016, the Board of GLO approved the acquisition of 50% of Vega Telecom, Inc. (VTI) from San Miguel Corporation, with Philippine Long Distance Telephone Company acquiring the remaining 50% interest. VTI owns an equity stake in Liberty Telecom Holdings, Inc. (LIB) as well as in enfranchised companies including Bell Telecommunication Philippines, Inc.; Eastern Telecom Philippines, Inc.; Express Telecom, Inc.; and Tori Spectrum Telecom, Inc., among others.On June 21, 2016, GLO exercised its rights as holder of 50% equity interest of VTI to cause VTI to propose the conduct of a tender offer on the common shares of LIB held by minority shareholders as well as the voluntary delisting of LIB. At the completion of the tender offer and delisting of LIB, VTI’s ownership of LIB is at 99.1%.The Company's subsidiaries are composed of Innove Communications, Inc.; GTI Business Holdings, Inc.; Kickstart Ventures, Inc.; Asticom Technology, Inc.; Globe Capital Venture Holdings, Inc.; Bayan Telecommunications, Inc.; TaoDharma Inc.; GTowers Inc.; Yondu, Inc.; and Electronic Commerce Payments, Inc.Source: SEC Form 17-A (2019)

Leading Philippine telecom firm offering digital wireless services and carrier solutions nationwide.

Globe Telecom, Inc.

Metropolitan Bank & Trust Company (MBT) was incorporated on April 6, 1962 by a group of Filipino businessmen principally to provide financial services to the Filipino-Chinese community. MBT eventually diversified its business to provide a range of banking and collateral services to all sectors of the Philippine economy. MBT opened its first office in Binondo, Manila on September 5, 1962. On August 21, 1981, MBT was granted a universal banking license by the Bangko Sentral ng Pilipinas. MBT's principal business activities involve deposit-taking and lending, trade finance, remittance, treasury, investment banking and thrift banking. The Company is a participant in the foreign exchange market, and is accredited by the Securities and Exchange Commission as a government securities eligible dealer/broker. MBT's significant subsidiaries include First Metro Investment Corporation; Philippine Savings Bank; Metrobank Card Corporation; and ORIX METRO Leasing and Finance Corporation. As of December 31, 2019, MBT has 707 branches. The Company also has 1,788 automated teller machines and 178 cash accept machines.Source: SEC Form 17-A (2019)

A leading Philippine universal bank offering diverse financial services and extensive branch network.

Metropolitan Bank & Trust Company

Aboitiz Power Corporation (AP) was incorporated on February 13, 1998 as a holding company for the Aboitiz Group's investments in power generation and distribution as well as retail electricity and other related services. Ownership in the Company was opened to the public through an initial public offering of its common shares in July 2007.Since its incorporation, AP accumulated interests in both renewable and non-renewable generation plants. The Company holds all its investments in renewable energy through Aboitiz Renewables, Inc. (ARI) and non-renewable energy through Therma Power, Inc. (TPI). Both ARI and TPI are wholly-owned subsidiaries of AP. The Company has ownership interests in nine distribution utilities, which collectively supply electricity to franchise areas covering a total of 18 cities and municipalities in Luzon, Visayas and Mindanao.Source: SEC Form 17-A (2019)

Aboitiz Power focuses on renewable and non-renewable energy, with extensive distribution assets.

Aboitiz Power Corporation

San Miguel Food and Beverage, Inc. (FB), formerly San Miguel Pure Foods Company, Inc., was incorporated on October 31, 1956 to primarily engage in the business of manufacturing and marketing of processed meat products. FB, through its subsidiaries, later on diversified into poultry and livestock operations, feeds and flour milling, dairy and coffee operations, franchising and young animal ration manufacturing and distribution. FB offers food products and services to household, institutional and food service customers in the Philippines. Among the brands in its portfolio include "Magnolia" for chicken, ice cream and dairy products; "Monterey" for fresh and marinated meats; "Purefoods" for refrigerated processed meats and canned meats; "Star" and "Dari Crème" for margarine; "San Mig Coffee" for coffee; "La Pacita" for biscuit and flour-based snacks; and "B-Meg" for animal feeds. In 2018, FB amended its primary purpose and changed its corporate name to the present one to reflect its expansion into the alcoholic and non-alcoholic beverage business. In the same year, the Securities and Exchange Commission approved the increase in authorized capital stock of FB, by virtue of which FB issued new common shares to its intermediate parent San Miguel Corporation (SMC) in exchange for SMC's common shares in San Miguel Brewery Inc. (SMB) and Ginebra San Miguel Inc. (GSMI), completing the consolidation of the food and beverage businesses of SMC under FB.As a result, FB is now operating in three business segments: beer and non-alcoholic beverages, spirits and food. FB's major operating subsidiaries include San Miguel Foods, Inc., San Miguel Mills, Inc., The Purefoods-Hormel Company, Inc., Magnolia, Inc., San Miguel Super Coffeemix Co., Inc., SMB and GSMI.SMB and GSMI are primarily engaged in the manufacture and sale of beer and liquor products, respectively, which they market under several brands, including their respective flagship brands "San Miguel Pale Pilsen" and "Ginebra San Miguel".Source: SEC Form 17-A (2019)

Manufactures and markets food products, beer, and spirits in the Philippines under multiple brands.

San Miguel Food and Beverage, Inc.

PLDT Inc. (TEL), formerly Philippine Long Distance Telephone Company, was incorporated on November 28, 1928 following the merger of four telephone companies under US ownership. In 1967, effective control of TEL was sold by General Telephone and Electronics Corporation to a group of Filipino businessmen. Over the period 1998 to 2011, Philippine Telecommunications Investment Corporation, Metro Pacific Resources Inc.  (both of which are Philippine affiliates of First Pacific Company), NTT DOCOMO, INC., NTT Communications Corporation, and JG Summit Group acquired significant ownership of the common shares of TEL.  On July 29, 2016, the Securities and Exchange Commission approved the change in corporate name to the present one. TEL is an integrated telecommunications service provider in the Philippines with its business activities categorized into three units: wireless, fixed line, and others. The Company operates the Philippines' most extensive fiber optic backbone and fixed line, and cellular network. The Company's wireless services are marketed under the "Smart", "TNT", and "Sun Cellular" brands, while its fixed line services are marketed under "PLDT HOME" and "PLDT ENTERPRISE."Under its subsidiary, ePLDT, Inc., TEL operates 10 data centers nationwide, under the "VITRO" brand.One of its direct subsidiaries, Voyager Innovations, Inc., operates digital platforms, one of which enables mobile payments under the "PAYMAYA" brand.TEL's subsidiaries include, among others, Smart Communications, Inc.; PLDT Clark Telecom, Inc.; PLDT Subic Telecom, Inc.; PLDT Global Corporation; PLDT-Philcom, Inc.; PLDT-Maratel, Inc.; Bonifacio Communications Corporation; Digital Telecommunications Corporation Phils, Inc.; PLDT Global Investments Holdings, Inc.; and PLDT Digital Investments Pte Ltd.TEL's common shares are listed and traded on the PSE, while the Company's American Depositary Shares are listed and traded on the New York Stock Exchange in the US (NYSE: PHI).Source: The Company (2020)

Leading Philippine telecom provider offering wireless, fixed line, and digital services with extensive infrastructure.

PLDT Inc.

Aboitiz Equity Ventures, Inc. (AEV) was originally incorporated on September 11, 1989 as Cebu Pan Asian Holdings, Inc. The Company changed its corporate name to the present one on December 29, 1993 and its ownership was opened to the general public through an initial public offering of its stocks on November 16, 1994. AEV's core businesses, conducted through its subsidiaries and affiliates, are grouped into six main categories: power generation, distribution and retail electricity supply; financial services; food manufacturing; real estate; infrastructure; and portfolio investments. The Company's other investments include holdings in aviation through AEV Aviation, Inc.; underwriting of its insurable risks through Archipelago Insurance Pte. Ltd.; and portfolio investments abroad through AEV International Pte. Ltd. Source: SEC Form 17-A (2019)

Diversified company with core businesses in power, finance, food, real estate, infrastructure, and investments.

Aboitiz Equity Ventures, Inc.

Semirara Mining and Power Corporation (SCC) was incorporated on February 26, 1980 to explore, develop, and mine the coal resources in Semirara Island, Caluya, Antique through a coal operating contract with the Department of Energy in 1977 (amended 1981). On August 18, 2014, the Securities and Exchange Commission approved the change in SCC's corporate name to include the word "power" in line with the forward integration of the Company's business as a coal supplier or producer to power generation through its wholly-owned subsidiaries.The Company generates its revenues through the production and sale of sub-bituminous coal. Currently, SCC has existing coal supply contracts with its own power subsidiaries as well as other power plants and cement manufacturers.As of December 31, 2019, SCC has six wholly-owned subsidiaries, namely, SEM-Calaca Power Corporation; SEM-Cal Industrial Park Developers Inc.; Southwest Luzon Power Generation Corporation; Semirara Claystone Inc.; Semirara Energy Utilities Inc.; and Southeast Luzon Power Generation Corporation.Source: SEC Form 17-A (2019)

Leading coal producer and power generator in the Philippines with multiple subsidiaries.

Semirara Mining and Power Corporation

DMCI Holdings, Inc. (DMC) was incorporated on March 8, 1995 as a holding company to consolidate all construction business, construction component companies, and related interests of the Consunji family. The Company was listed on the Philippine Stock Exchange on December 18, 1995. In only a few years after incorporation, the Company expanded its business organization to include five major subsidiaries, namely: D.M. Consunji, Inc.; DMCI Project Developers, Inc.; Semirara Mining and Power Corporation; DMCI Power Corporation; and DMCI Mining Corporation. DMC and its subsidiaries are engaged in general construction, coal and nickel mining, power generation, real estate development, water concession and manufacturing.The Company has a 25% indirect ownership in Maynilad Water Services, Inc. through Maynilad Water Holding Company, Inc., a consortium with Metro Pacific Investments Corporation and Marubeni Philippines Corp.  Source: SEC Form 17-A (2019)

A diversified firm engaged in construction, mining, power generation, real estate, and water services.

DMCI Holdings, Inc.

Universal Robina Corporation (URC) was founded in 1954 when Mr. John Gokongwei, Jr. established Universal Corn Products, Inc., a cornstarch manufacturing plant in Pasig. The Company is involved in a range of food-related businesses, including the manufacture and distribution of branded consumer foods; production of hogs and poultry; manufacture of animal feeds and veterinary products; flour milling; and sugar milling and refining. URC also ventured in the renewables business for sustainability through distillery and cogeneration divisions.URC operates its food business through operating divisions and wholly-owned or majority-owned subsidiaries that are organized into three core business segments, namely, branded consumer foods, agro-industrial products and commodity food products. Majority of URC's branded consumer foods business is conducted in the Philippines, but the Company has expanded into other Asian markets through its subsidiaries in Cayman Islands, British Virgin Islands, China, Hong Kong, Indonesia, Malaysia, Singapore, Thailand, Myanmar, Vietnam, New Zealand, and Australia.Source: SEC Form 17-A (2019)

A diversified food company focused on branded consumer foods, agro-industrial products, and renewables.

Universal Robina Corporation

AREIT, Inc. (AREIT) was incorporated on September 4, 2006 as a real estate company. The Company was originally known as One Dela Rosa Property Development, Inc. before changing its name to the present one on April 12, 2019.The Company operates as a real estate investment trust (REIT) which principal investment strategy is to invest in income-generating real estate. To meet the investment criteria, a potential new property should be located in a prime location in either Metro Manila or key provinces in the Philippines; be primarily focused on commercial operations; and have stable occupancy, tenancy, and income operations. The Company's sponsor is Ayala Land, Inc.AREIT's property portfolio currently consists of three commercial buildings in Makati City, Metro Manila. These are Solaris One, a 24-storey commercial building; Ayala North Exchange, a two-tower mixed-use development; and McKinley Exchange, a five-storey mixed-use development. The land on which the buildings are built do not form part of the Company's asset portfolio and is not owned by the Company.Source: Prospectus (2020)

A real estate investment trust focused on income-generating commercial properties in Metro Manila.

AREIT, Inc.

LT Group, Inc. (LTG), formerly Tanduay Holdings, Inc. (THI), was incorporated on May 25, 1937 under the name The Manila Wine Merchants, Inc. to engage in the trading business. The Securities and Exchange Commission (SEC) approved the change in corporate name to Asian Pacific Equity Corporation on September 22, 1995 and the change of its primary purpose to that of a holding company. On November 10, 1999, the corporate name was again changed to THI. On September 28, 2012, the SEC approved the change in the corporate name to the present one.After a series of restructuring activities in 2012 and 2013, LTG expanded and diversified its investments to include the beverages; tobacco; property development; and banking businesses. The Company's subsidiaries and associates are Tanduay Distillers, Inc.; Asia Brewery, Incorporated; Fortune Tobacco Corporation; Philippine National Bank; Saturn Holdings, Inc.; Paramount Landequities, Inc.; and Eton Properties Philippines, Inc.Source: SEC Form 17-A (2019)

A diversified holding company with investments in beverages, tobacco, property, and banking.

LT Group, Inc.

Union Bank of the Philippines (UBP) was incorporated on August 16, 1968 originally known as Union Savings and Mortgage Bank and operates as a universal bank through its universal banking license acquired in July 1992. UBP has undertaken two bank mergers, first with International Corporate Bank in 1994 and then with International Exchange Bank in 2006. UBP offers a broad range of products and services, which include deposit and related services; corporate and middle market lending; consumer finance loans such as mortgage, auto loans and credit card; investment, treasury and capital market; trust and fund management; wealth management; remittance; cash management and electronic banking; and bancassurance.UBP's active subsidiaries include City Savings Bank, Inc. (CSBI); First Agro-Industrial Rural Bank, Inc. (under CSBI); Petnet, Inc. (under CSBI); Bangko Kabayan, Inc. (under CSBI); UBX Philippines Corporation; UBP Investments Corporation, formerly Union Properties, Inc.; First Union Direct Corporation; First Union Plans, Inc.; and First Union Insurance and Financial Agencies, Inc.As of March 31, 2020, UBP has 393 branches and 478 automated teller machines nationwide.Source: The Company (2020)

Universal bank offering diverse financial services, with extensive branch and ATM network in the Philippines.

Payment Date Date of dividend payout	Symbol	Dividend Rate Amount paid per share	Dividend Type	Security Type	Ex Date Cut-off date for ownership	Record Date Date when shareholders are recorded
February 24 2025	UBP	1.00	Cash	COMMON	February 14 2025	February 17 2025
February 28 2025	RCR	0.10	Cash	COMMON	February 19 2025	February 20 2025
March 06 2025	FB	0.50	Cash	COMMON	February 18 2025	February 19 2025
March 07 2025	GLO	25.00	Cash	COMMON	February 19 2025	February 20 2025
March 12 2025	VMC	0.01	Cash	COMMON	February 18 2025	February 19 2025
March 12 2025	VMC	0.05	Cash	COMMON	February 18 2025	February 19 2025
March 26 2025	CNPF	N/A	Cash	COMMON	February 28 2025	March 03 2025
March 31 2025	SLF	0.84	Cash	COMMON	February 25 2025	February 26 2025

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