Tag: Federal Land

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GT Capital buys 20%  of property firm

GT Capital Holdings, Inc., the listed investment arm of the Ty Group, has acquired a 20 percent direct stake in Federal Land NRE Global Inc. (FNG), strengthening its foothold in the country’s property sector.

GT Capital earnings rise on strong core units

GT Capital Holdings, Inc. posted a 17 percent increase in consolidated net income to P33.68 billion in 2025, driven by solid contributions from its...

Federal Land sells stake in Crown Central

Federal Land Inc., a wholly owned subsidiary of GT Capital Holdings, and its subsidiary Horizon Land Property Development Corp. have sold their entire 52 percent stake in Crown Central Properties Corp. to Crown Equities, Inc. for P73.475 million.

GT Capital banking, auto units boost Q1 profit

GT Capital Holdings, Inc., the Ty Group’s listed investment holding company, reported a consolidated net income of Ph9.14 billion for the first quarter, a 29 percent increase from the same period last year. The growth was largely driven by the strong performances of its core banking and automotive businesses.

GT Capital sees strong growth, record earnings

GT Capital Holdings Inc. reported a consolidated net income of P28.8 billion for the full year 2024, slightly lower than P29.3 billion in the previous year.  However, excluding non-recurring gains from lot sales and incentives under the Comprehensive Automotive Resurgence Strategy (CARS) program, GT Capital's core net income grew by 11 percent, driven by the record-breaking earnings of its key operating subsidiaries.

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CIAC delivers best CGC rating in three years

The Clark International Airport Corporation (CIAC) earned a 99.56% rating from the Governance Commission for Government-Owned or -Controlled Corporations (GCG) in its 2025 Performance Scorecard — its best in three years.

Inflation surges to 7.2% in Sept., to test BSP policy

Philippine inflation surged to 7.2 percent in September, matching the pace in April, which is the fastest rate in three-and-a-half years and putting the Bangko Sentral ng Pilipinas under renewed pressure to tighten monetary policy.

Aboitiz Power sells power barges to MORE Power; Visayas supply, reliability to improve

Aboitiz Power Corp. sold two 121-MW power barges to Visayas distributor MORE Electric and Power Corp., completing the transfer last Friday and announcing it Monday. Terms were undisclosed.

AMRO: Philippine rebound hinges on public investment

The Philippines’ economic rebound will depend heavily on how quickly public investment and construction activity recover, with the energy shock and domestic flood-control issues weighing on growth, according to the ASEAN+3 Macroeconomic Research Office (AMRO).

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