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.
The Department of Human Settlements and Urban Development has ordered the fast-tracking of three long-stalled socialized housing projects in Caloocan City, signaling a tougher stance on project delays and construction quality under the Marcos administration’s housing drive.
The Department of Agriculture (DA) is widening access to affordable rice and basic food staples in Manila, scaling up the KADIWA ng Pangulo and the P20 “Benteng Bigas, Meron Na!” rice program as part of a broader push to strengthen food security in this densely populated Philippine capital.
Executive Secretary Ralph G. Recto urged the 857 new graduates of the Development Academy of the Philippines (DAP) to always side with the Filipino people, saying it is never the wrong choice.