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GT Capital sees strong growth, record earnings

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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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Germany seeks policy certainty for bigger PH investments

Trade & Investments 0
German companies remain interested in expanding their investments in the Philippines, but long-term policy certainty will be crucial to unlocking capital for critical minerals, advanced manufacturing, and other emerging industries, Germany’s top diplomat in Manila said.

Francisco Motors eyes P6B EV production investment

Transport & Logistics 0
Francisco Motors Corp. (FMC), the Filipino company behind the iconic jeepney, is eyeing an initial P6-billion investment to revive local vehicle production and develop electric vehicles under the government’s Electric Vehicle Incentive Strategy (EVIS).

Moody’s affirms Philippine rating despite growth slowdown

Banking & Insurance 0
Moody’s Ratings affirmed the Philippines’ Baa2 sovereign credit rating on Monday, citing expectations that the government’s fiscal position will stabilize over the next two years despite a sharp slowdown in economic growth.

Negros Power compliant with allowable system losses cap, ERC clarifies

Energy & Mining 0
The Energy Regulatory Commission (ERC) on Monday (24 August 2026) clarified that Negros Electric and Power Corp. (NEPC) was operating well within its allowable system losses cap after being wrongly identified as noncompliant with the cap for private distribution utilities (DUs).

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