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

Context Dispatch Context.ph Context.ph -
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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MAP backs Pax Silica with safeguards for national interest

Trade & Investments 0
The Management Association of the Philippines (MAP) has thrown its support behind the proposed Pax Silica Initiative, calling it one of the country's biggest economic opportunities in decades while urging the government to negotiate from a position of strength and ensure robust safeguards protect national interests.

Temasek-backed deal lifts Philippine AI startup ambitions

Communications & Technology 0
A strategic investment by Singapore's Temus in Filipina-founded Thinking Machines Data Science is reinforcing investor confidence in Philippine-built artificial intelligence, as demand for enterprise AI solutions accelerates across Southeast Asia.

MREIT earnings climb as dividends rise on expansion

Property 0
MREIT Inc., the real estate investment trust backed by Megaworld Corp., posted a robust first-half performance as recent acquisitions, higher occupancy, and tighter cost controls combined to lift earnings and support bigger shareholder payouts despite a challenging operating environment.

PAGCOR revenue falls as gaming slowdown cuts earnings

Sports & Entertainment 0
The Philippine Amusement and Gaming Corporation (PAGCOR) posted a sharp decline in first-half revenues as softer gaming activity, particularly in its electronic gaming business, offset continued growth in government remittances.

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