ABS-CBN Corp. shareholders elected former president and CEO Charo Santos-Concio back to the board on Wednesday, while keeping its core leadership intact as it prepares for a multibillion capital injection to bankroll its recovery.

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ABS-CBN Corp. expects to turn over its former headquarters property to Ayala Land Inc. by mid-2027, as the media giant consolidates its Quezon City operations into two buildings.

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Tycoon Manuel V. Pangilinan-led PLDT Inc. is considering pushing back VITRO REIT’s planned Oct. 12 debut to later in the fourth quarter, which will give the P24.2-billion deal more time to secure commitments from big investors.

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Former energy secretary Jose Rene Gregory D. Almendras withdrew his nomination to the First Philippine Holdings Corp. board, expressing gratitude to the minority shareholders who backed him while saying others were equally capable of representing their interests.

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San Miguel Corp. grew first-half core net income by 48 percent to P54.2 billion as its power, fuel and food businesses held up against higher costs and cautious consumer spending.

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GMA Network Inc., the country’s biggest broadcaster, is facing its toughest stretch in years as companies pull back advertising spending and viewers continue moving online.

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A low-key investment firm is suddenly in the spotlight, thanks to its big bet on one of the country’s biggest names in media.

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A dormant shell company is emerging as the centerpiece of an ambitious Sy-Consunji plan to build the Philippines’ largest mining group.

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Ramon S. Ang’s new place in the Lopez empire carries considerable weight, but it also comes with a hefty price tag.

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