Tag: Metro Pacific

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GT Capital banking, auto units boost Q1 profit

Corporate Context.ph Context.ph -
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 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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EastWest drops transfer fees as digital banking race heats

Banking & Insurance 0
EastWest Bank is joining a growing wave of Philippine lenders eliminating digital fund transfer fees, signaling how free online transactions are fast becoming a competitive necessity rather than an added customer benefit.

Gatchalian shifts focus to perks for wider EV adoption

Transport & Logistics 0
Senate President Sherwin Gatchalian is pushing a new approach to accelerate electric vehicle (EV) adoption, arguing that convenience and ease of ownership could be just as important as tax incentives in persuading more Filipinos to make the switch.

SJDM Bulacan declares PrimeWater persona non grata over water crisis

Corporate 0
The local government of San Jose del Monte (SJDM) City in Bulacan formally declared PrimeWater Infrastructure Corp. persona non grata under Resolution No. 2026-07-529 during its July 8, 2026 regular session.

Basic Energy budgets P1 billion second-half capital expense

Corporate 0
Basic Energy Corporation plans to spend as much as P1 billion in capital outlays for the remainder of 2026, marking a significant jump from the P100–P200 million recorded in 2025, when the firm only carried out pre-development work for its project pipeline. Chief executive officer Oscar de Venecia Jr. confirmed this during a recent event in Taguig City, noting that around P500 million has already been spent so far this year.

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