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 Baguio City government has sealed a 40-year lease with Megawide Construction Corporation for the P1.186-billion Baguio City Integrated Terminal (BCIT), marking the mountain resort city’s first venture under the public-private partnership framework and a milestone for local infrastructure delivery.
Gold futures surged to a fresh record early Wednesday, touching USD4,887 an ounce before easing to USD4,840, still the highest settlement on record, as geopolitical anxieties cooled without extinguishing investor appetite.
The Subic Bay Metropolitan Authority (SBMA) is closing in on a major milestone, having generated nearly P593 billion in total investments from its establishment in 1992 through 2025, underscoring its role as a key engine of national development.
Listed renewable energy developer Raslag Corp. plans to spend between P2 billion and P3 billion in capital expenditures this year, a sharp increase from only around P500 million last year, as it moves from project preparation to actual construction and equipment procurement.