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Banking, property, energy subsidiaries lift Ayala income to pre-pandemic level

Ayala Corp., one of the country's largest listed conglomerates, said Tuesday its nine-month net income surged 35 percent year-on-year to P32.3 billion, buoyed by strong results from its banking, property development, power generation as well as gains from the sale of MCX toll road.

Metrobank supports ACEN renewable energy expansion program with P5B loan

Metropolitan Bank & Trust Co. (Metrobank), one of the country’s largest, has signed a P5 billion loan with ACEN, the listed energy platform of the Ayala group, to fund renewable energy expansion projects across the country.

Six bidders vie for 1,800 MW Meralco requires by December next year

Six power generation companies want a piece of the 1,800 megawatts of electricity that the Manila Electric Co. (Meralco) is sourcing under an ongoing competitive selection process or CSP.

MPIC remains keen on acquiring agri firm Axelum

Metro Pacific Investments Corp. remains interested in acquiring coconut product manufacturer Axelum Resources Corp. although the business failed to achieve its own performance targets, extending the discussion of its acquisition in the process.

Dubai to showcase demand for jets under shadow of Mideast tensions

Dubai will stage its high-profile aerospace pageant next week against the backdrop of the Israel-Hamas war in Gaza that is pushing up demand for weapons while closing airspace and making flights longer and more expensive for some airlines.

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Foreign currency reserves drop to $97.4B

The Bangko Sentral ng Pilipinas (BSP) reported that the country’s gross international reserves (GIR) stood at $97.4 billion as of end-October 2026. This dip in foreign currency reserves was primarily driven by the central bank’s active foreign exchange interventions, downward adjustments in the value of gold assets amid shifting global prices, and the national government withdrawing funds from its central bank deposits to cover foreign debt service obligations alongside other international funding needs.

Motorcycle sales rebound 8.1% in Q3 to 524,860 units

Motorcycle sales among the country’s four major manufacturers rebounded in the third quarter of 2026, rising 8.1 percent year-on-year to 524,860 units as stronger monthly volumes in August and September reversed the previous quarter’s contraction.

ASEAN growth summit brings business leaders, Angelina Jolie to Manila

The Philippines will bring some of the world’s biggest business names, regional policymakers and Hollywood actress Angelina Jolie to Manila on November 11 for a summit focused on how Southeast Asia can protect economic resilience, accelerate digital transformation and ensure growth reaches smaller businesses and underserved communities.

Japan-Philippines friendship highlighted at 82nd Battle of Surigao Strait commemoration

The enduring friendship and diplomatic ties between Japan and the Philippines took center stage during the 82nd commemoration of the historic Battle of Surigao Strait, jointly organized by the City of Surigao and the Province of Dinagat Islands.

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