Mreit income rises 29% in nine months on new asset infusions
Mreit, Inc., the real estate investment trust of property developer Megaworld Corp., reported a 29 percent jump in income to P935 million in the third quarter of 2025, up from P719.58 million a year earlier. The growth was driven by six newly acquired office properties, higher occupancy, and sustained rental escalations.
UN climate fund launches $250M support call for vulnerable countries
At the 30th UN Climate Change Conference (COP30) today, the Fund for Responding to Loss and Damage (FRLD) opened its first call for funding under the Barbados Implementation Modalities (BIM). The move marks the Fund’s shift from planning to action, allowing developing countries to access aid for climate-related losses.
Telco taps new laser tech to boost broadband service
Globe Telecom is rolling out Free Space Optics (FSO), a laser-based technology that delivers fiber-like internet speeds without the need for cables.
Passenger surge lifts Cebu Pacific profits to P9.5 B
Cebu Pacific on Thursday reported a 179 percent increase in net income for the first nine months of 2025, driven by strong passenger demand. The Gokongwei-led airline posted a net income of ₱9.5 billion from January to September, up from ₱3.4 billion during the same period last year.
Boracay Water completes 5-year reforestation of Nabaoy Watershed
Boracay Water and its partners have successfully completed the reforestation and rehabilitation of 20 hectares in the Nabaoy Watershed as part of their flagship sustainability program, Boracay Highland to Ocean (H2O).
