JG Summit Holdings Inc., the listed flagship investment holding company of the Gokongwei Group, posted a 7-percent increase in first-quarter revenues to P99.9 billion, driven by record passenger traffic at Cebu Pacific, steady demand for branded food products, and resilient contributions from its property and investment portfolio despite mounting economic headwinds.
Shell Pilipinas Corp. booked P108 million in core earnings for the first quarter as surging oil prices, peso weakness, and intensifying geopolitical tensions disrupted energy markets and squeezed margins toward the end of the period.
DoubleDragon Corp. is moving ahead with its takeover of MerryMart Consumer Corp. after securing regulatory clearance, tightening its hold on the retail sector as it accelerates its transition into a diversified investment holding company.
MacroAsia Corp. reported its highest-ever quarterly revenue in the first quarter, even as rising costs and lease-related charges weighed on profitability across its aviation-linked businesses.
The Philippines sees strong potential for expanded two-way tourism with Western China as cross-border travel interest grows alongside improving air connectivity.
The Department of Agriculture is strengthening its partnership with local government units and private stakeholders to scale up ube production, meet rising global demand, and create more export opportunities for Isabela farmers.
The Government Service Insurance System or GSIS has opened its new Dagupan branch, replacing the old facility that had served the province since 1961. The new office at Cityscape Lifestyle Center is flood-free, more spacious, and modern, serving over 73,000 members and pensioners across Pangasinan.
Electricity prices at the Wholesale Electricity Spot Market climbed 3.1 percent in September, according to the Independent Electricity Market Operator of the Philippines. The Independent Electricity Market Operators of the Philippines or IEMOP reported Tuesday that the national average hit P7.43 per kilowatt-hour as of September 25, up from August’s P7.21 per kWh. It said the rates will be used to calculate spot-market electricity costs billed this October.
Rockwell Land Corp. has joined the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, agreeing to offer preferential housing prices and incentives to qualified Pag-IBIG Fund members as the administration seeks to widen access to homeownership among working- and middle-class Filipinos.