JG Summit Holdings Inc., the flagship holding firm of the Gokongwei group, announced a 16 percent increase in attributable net income in the first nine months to P17.9 billion from P15.37 billion in the same period last year.
Demand for office space in Metro Manila remained robust in spite of the exodus of Philippine offshore gaming operators or POGOs following President Ferdinand Marcos Jr.’s imposition of a ban against their continued operation.
Ayala Corporation, one of the country's largest conglomerates, reported a 5 percent increase in attributable net income in the first nine months of the year reaching ₱33.96 billion, up from ₱32.31 billion in the same period last year.
Cebu Air, Inc., the parent company of Cebu Pacific, reported net income of P3.4 billion in the first nine months of 2024, down 33 percent from the same period last year.
Isuzu Philippines Corp. (IPC) has expanded its pickup truck lineup with the launch of the D-MAX LS 4x2 AT, offering the new variant at an introductory price of P1.549 million until December 31, 2026.
The Laguna Lake Development Authority (LLDA) has expressed support for Prime Infra’s 1,400-megawatt Pakil Pumped Storage Hydroelectric Power Project in Laguna, as the developer advances a facility designed to strengthen grid reliability and support renewable energy integration.
Major property developers are poised to expand Metro Manila’s Philippine Economic Zone Authority (PEZA)-accredited office supply, with about 280,000 square meters of potential additions projected for 2026–2027, according to property consultancy Colliers.
Philippine local governments are failing to translate a substantial share of their capital budgets into infrastructure, limiting the transport links and business activity needed to generate jobs and spread economic growth beyond major urban centers, according to a new World Bank report.