Corporate

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. 

Filinvest Land Inc. (FLI), the Gotianun-led property developer, reported an 11 percent rise in net income for 2024, reaching P4.16 billion, up from P3.76 billion the previous year. The increase in income came despite a modest rise in residential sales and office rentals.

Metro Pacific Investments Corp. (MPIC) on Thursday announced the sale of its 20 percent stake in toll road subsidiary, Metro Pacific Tollways Corp. (MPTC), to a foreign investor. The deal, valued at "several billions" of pesos, is part of MPIC’s ongoing drive to reduce MPTC’s debt.