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.
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 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 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.
Truck operators transporting agricultural products have until October 31 to apply for a 5 percent toll discount across expressways managed by SMC Tollways. The price relief program, which runs from November 1 to 30, aims to lower farm-to-market delivery costs amidst rising fuel prices.
Globe and the National Privacy Commission (NPC) have renewed their partnership to strengthen data privacy and digital safety across the Philippines. By extending their Memorandum of Understanding, both entities aim to empower young Filipinos to navigate an increasingly complex online landscape safely, particularly as artificial intelligence and other emerging technologies transform daily communication and learning.
The Ninoy Aquino International Airport (NAIA) is bracing for a major holiday rush, with up to 1.25 million air passengers expected to travel during the upcoming Undas observance.
The Bangko Sentral ng Pilipinas has denied central bank registration to five entities found operating as money service businesses without prior authorization. Under strict regulatory measures, the Monetary Board declared the five establishments disqualified from registering or legally operating in the country.