Tag: LT Group Inc.

The Philippine economy lost further momentum in the third quarter as higher consumer prices, declining agricultural output, and weak investment weighed on domestic activity, leaving services as the principal source of growth.

Growth in its education business helped PHINMA Corp. offset losses in construction materials and property development, allowing the conglomerate to post net income attributable to its parent company of P306.19 million in the first nine months of 2026.

The government’s two major automotive manufacturing incentive programs are facing implementation delays, with the Electric Vehicle Incentive Strategy (EVIS) now expected to begin accepting applications in January 2027, while funding and regulatory requirements continue to hold back a parallel industry support scheme.

Philippine merchandise exports are on track to breach USD100 billion in 2026, buoyed by electronics and semiconductor shipments, although a weakening peso and unpredictable US trade policies threaten to complicate the industry’s growth prospects.