Listed property developer DoubleDragon Corp. posted a modest rise in earnings for the first nine months of 2025 even as revenues surged, driven by the continued expansion of its recurring-income portfolio and the global rollout of its Hotel101 brand.
Hotel101 Global, a subsidiary of DoubleDragon Corporation, has secured a 10-year partnership with MATCH Hospitality, naming Hotel101 Madrid as the official hotel accommodation partner for the Formula 1 Spanish Grand Prix in Madrid from 2026 to 2035.
Hotel101 Global, the hotel development unit of listed DoubleDragon Corp., said it entered the Saudi Arabian market through a landmark joint venture with Horizon Group that aims to develop of 10,000 standardized hotel rooms valued at approximately USD2.5 billion.
The government is moving to safeguard fuel and fertilizer supplies for the sugar industry as the sector enters the most resource-intensive phase of the harvest season.
Transportation Secretary Giovanni Lopez has directed the Civil Aviation Authority of the Philippines (CAAP) to reduce Passenger Service Charges (PSC) and airport navigation fees in airports operated by the agency.
Universal Robina Corp., the listed food unit of the Gokongwei Group, posted modest revenue growth last year but saw profits ease as unusually high coffee input costs squeezed margins, highlighting how volatile commodity prices continue to challenge food manufacturers.
Economic ministers of the Association of Southeast Asian Nations on Friday called for urgent de-escalation of tensions in the Middle East, warning that prolonged conflict could ripple across global energy markets and threaten Southeast Asia’s fragile economic recovery.