JG Summit Holdings Inc., the listed flagship investment holding company of the Gokongwei Group, posted a 7-percent increase in first-quarter revenues to P99.9 billion, driven by record passenger traffic at Cebu Pacific, steady demand for branded food products, and resilient contributions from its property and investment portfolio despite mounting economic headwinds.
Robinsons Land Corp., the property arm of the Gokongwei Group, has secured a key regulatory milestone in Singapore, becoming the first Philippine developer to complete due diligence requirements set by the Council for Estate Agencies (CEA).
JG Summit Holdings Inc., the investment holding company of the Gokongwei Group, saw recurring earnings rise in 2025 on the back of resilient consumer demand and a recovery in travel, cushioning the impact of a massive write-down in its petrochemical business that pulled overall results into a loss.
Robinsons Land Corp. is reshuffling the priority of several projects under its reinvestment program, channeling more funding into two residential developments as the listed property arm of the Gokongwei Group adjusts to shifting market opportunities.
The Bangko Sentral ng Pilipinas (BSP) reported that the country’s gross international reserves (GIR) stood at $97.4 billion as of end-October 2026. This dip in foreign currency reserves was primarily driven by the central bank’s active foreign exchange interventions, downward adjustments in the value of gold assets amid shifting global prices, and the national government withdrawing funds from its central bank deposits to cover foreign debt service obligations alongside other international funding needs.
Motorcycle sales among the country’s four major manufacturers rebounded in the third quarter of 2026, rising 8.1 percent year-on-year to 524,860 units as stronger monthly volumes in August and September reversed the previous quarter’s contraction.
The Philippines will bring some of the world’s biggest business names, regional policymakers and Hollywood actress Angelina Jolie to Manila on November 11 for a summit focused on how Southeast Asia can protect economic resilience, accelerate digital transformation and ensure growth reaches smaller businesses and underserved communities.
The enduring friendship and diplomatic ties between Japan and the Philippines took center stage during the 82nd commemoration of the historic Battle of Surigao Strait, jointly organized by the City of Surigao and the Province of Dinagat Islands.