Residential real estate prices push higher in 4Q 2023
Residential real estate prices of various types of new housing units in the Philippines continued to increase in 4Q 2023, rising by 6.5 percent year-on-year, albeit lower than the 12.9 percent growth in 3Q 2023. Quarter-on-quarter, the index contracted by 3.6 percent, which is a reversal of the 3.4 percent growth registered in 3Q 2023.
Airline, property businesses drive earnings of JG Summit
JG Summit Holdings, Inc., the investment holding company of the Gokongwei Group, said Tuesday it booked a net profit of P20.2 billion last year, a sharp gain from the P700 million net income in 2022 on higher revenues and better operating margins across its diverse business interests as well as foreign exchange gains.
20 million passengers helped CebPac return to profitability in 2023
Cebu Pacific Air (CEB) on Tuesday reported returning to profitability in 2023, a turnaround from net loss of P14 billion the previous year.
BTr reissues bond due 2030 at average rate of 6.237%
The National Treasury awarded in full the P30 billion worth of 7-year treasury bonds it offered at the auction Tuesday.
JICA extends 250 billion yen loan for the Dalton Pass road project
The Philippines and Japan signed two loan agreements on Tuesday totaling 250 billion yen (approximately P93 billion) to fund infrastructure projects designed addressing persistent traffic congestion plaguing Metro Manila.
