Corporate

Jollibee Foods Corp. continued its steady expansion both locally and abroad, driving an 18 percent rise in net income to P10.32 billion last year. The growth keeps the company on track to meet its five-year goal of tripling net profit to P26 billion by 2028.

D.M. Wenceslao and Associates Inc., a listed real estate developer, said core net income last year rose 10 percent to P1.8 billion, building on its strong leasing momentum.

DMCI Holdings Inc., an investment holding company, reported a 21 percent drop in 2024 net income to P19.0 billion, hurt by weaker commodity and electricity prices, lower construction accomplishments, and a sluggish real estate market. 

WORLDBEX 2025 officially opened on Thursday, embracing the theme "Beyond Sustainnovation" as it continues its 28-year legacy of driving excellence and innovation in the construction and design industries. This year's event at the World Trade Center Metro Manila and SMX Convention Center showcases groundbreaking green solutions and aligns with the United Nations’ 17 Sustainable Development Goals (SDGs).

Ayala Corp., a diversified investment holding company, reported a record net income of P42.0 billion for 2024, up 10 percent year-on-year increase. Excluding one-off items, its core net income hit P45.0 billion, marking a significant milestone for the company.