Corporate

Higher operating costs and weaker contributions from associates, particularly aircraft maintenance unit Lufthansa Technik Philippines (LTP), dragged down MacroAsia Corp.’s nine-month net income attributable to parent-company shareholders by 45 percent to P560.4 million, despite revenue growth across its food services, airport ground handling and water businesses.

Jollibee Foods Corp. reported Tuesday its attributable net income fell 6 percent to P8.12 billion in the first nine months, from P8.65 billion a year earlier. System-wide sales rose over 13 percent to P377.69 billion, while revenue grew 11 percent to P250.2 billion.

SM Investments Corporation has earned its Great Place to Work® certification for 2026, making it two years in a row for the SM Group parent firm. Survey results show 92% of employees agree management runs the business competently, signaling strong trust in company leadership.

The Securities and Exchange Commission (SEC) has moved the deadline for submitting third-quarter financial statements to November 24, 2026, taking into account both a weekend and special holidays for the 49th ASEAN Summit.

Manila Water has fully inspected and prepared its 33 reservoirs across the East Zone to ensure steady water service as strong El Niño brings dry conditions expected to last until mid-2027. The reservoirs hold a combined 557 million liters, helping store water and keep supply balanced amid rising demand and lower rainfall.