Corporate
Meta’s profit fall on tax charge, shares down on AI spending concern
Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, reported a steep decline in third-quarter net income to USD 2.71 billion, driven by a one-time, non-cash charge tied to the implementation of the One Big Beautiful Bill Act.
AyalaLand Logistics’ 9-mo. profit drops on slower land sales
AyalaLand Logistics Holdings Corp. (ALLHC), a subsidiary of Ayala Land Inc., reported an 86 percent drop in net income to ₱81 million for the first nine months of 2025, down from ₱617.5 million a year earlier, as demand for industrial land weakened.
PXP Energy reports higher 9-mo. losses
Oil and gas firm PXP Energy Corp. reported a net loss of ₱32.8 million for the first nine months of 2025, almost double last year’s ₱17.8 million for the same period.
President Marcos signs law banning POGOs nationwide
President Ferdinand R. Marcos Jr. has signed Republic Act No. 12312, also known as the Anti-POGO Act of 2025, formally banning Philippine offshore gaming operators (POGOs) across the country.
Home Credit PH, Puregold launch credit card for small business owners
Home Credit Philippines has teamed up with Puregold Price Club Inc. to launch the Aling Puring Credit Card, its first branded credit card designed for small business owners.
