Context.ph

Ayala Land Inc. has approved a P20.99 billion property-for-share swap with its real estate investment trust, Areit Inc. The deal will see Ayala Land’s units—Accendo Commercial Corp., Cagayan de Oro Gateway Corp., and Central Bloc Hotel Ventures Inc.—subscribe to 505.89 million primary common shares of Areit in exchange for eight commercial properties.

Manila Water Co. Inc. has launched 2.5 megawatts (MW) of solar power across key locations across the country in partnership with Ditrolic Energy, marking a significant step toward sustainability. All three solar facilities in Cardona, Rizal, East La Mesa in Quezon City, and San Juan, will help reduce the company’s carbon footprint by 2,576 tons of CO2 annually.

The country's first-ever frozen durian shipment to China signaled a significant step forward for the country’s agricultural trade. The shipment, consisting of 1,050 boxes of frozen durian meat and 300 boxes of durian paste wortht P8.2 million departed from Davao-based Maylong Enterprises Corp. on 11 February and should reach Guangzhou’s Nansha District this week.

Oceana Gold Philippines Inc. reported a 13.1 percent increase in net income in 2024 reaching USD30.3 million versus only USD26.8 million in 2023. The growth was primarily driven by higher gold and copper prices despite a 30 percent drop in gold production and a 13.4 percent decline in copper output.

Cebu Pacific (CEB) on Thursday said it will begin direct flights between Cebu and Ho Chi Minh City, Vietnam, starting 7 April this year.