Airline losses drag JG Summit’s 9-month profit down 33%

Inquirer.net - Nov 13, 2026

MANILA, Philippines — JG Summit Holdings Inc.’s net income attributable to equity holders of the parent fell 33 percent to P12.5 billion in the first nine months of 2026, as higher jet fuel costs and a weaker peso weighed on its airline business. On Friday, the Gokongwei-led conglomerate pointed said the peso’s depreciation increased foreign exchange

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PNB Holdings 9-month profit rises 16% to P317M

Nov 13, 2026

PNB Holdings 9-month profit rises 16% to P317M

MANILA, Philipppines — PNB Holdings Corp. grew net income 16 percent to P317.02 million in the first nine months of 2026 as the company broadened its commercial offerings to attract more customers to its buildings. On Friday, the real estate company said in a disclosure that consolidated revenues rose 5 percent to P940.35 million. READ: PNB

PhilWeb Q3 profit climbs 36% to P64.2M

Nov 13, 2026

PhilWeb Q3 profit climbs 36% to P64.2M

MANILA, Philippines — PhilWeb Corp.’s net income rose 36 percent to P64.2 million in the third quarter of 2026 from P47 million in the previous quarter, as its digital platform business for licensed gaming operators brought in nearly two-thirds of group revenue. On Friday, the company, backed by Lance Gokongwei, said it was its third straight

Cosco Jan-Sept profit climbs 11.8% to P11.96B

Nov 13, 2026

Cosco Jan-Sept profit climbs 11.8% to P11.96B

MANILA, Philippines — Lucio Co-led Cosco Capital Inc. grew its consolidated net income by 11.8 percent to P11.96 billion in the first nine months of 2026, as stronger grocery earnings offset a decline in profit at liquor distributor The Keepers Holdings Inc. On Friday, the company said in a disclosure that consolidated revenues rose 10.2 percent

Nickel Asia’s 9-month income jumps 19%

Nov 13, 2026

Nickel Asia’s 9-month income jumps 19%

MANILA, Philippines — Nickel Asia Corp. (NAC) reported a 19-percent jump in its nine-month income, lifted by higher metal prices and sales as well as a booming renewable energy business.  The listed miner’s attributable net income rose to ₱6.16 billion from ₱5.19 billion a year earlier. READ: Nickel Asia books 93% higher H1 profit “Our strong

Security Bank’s 9-month profit inches up to P9.2B

Nov 13, 2026

Security Bank’s 9-month profit inches up to P9.2B

MANILA, Philippines — Security Bank Corp. grew its net income 1 percent to P9.2 billion in the first nine months of 2026, as revenue growth outpaced operating expenses. On Friday, the bank said in a disclosure that total revenues rose 8 percent to P52.5 billion.  READ: Security Bank maps out 3-year growth push “Our nine-month

Andok’s taps Rockport Power for retail electricity supply

Nov 13, 2026

Andok’s taps Rockport Power for retail electricity supply

MANILA, Philippines — Rockport Power Inc., a licensed retail electricity supplier, has secured a power supply deal to energize an initial 16 branches of Andok’s Litson Corp., a Filipino food chain known for its signature roasted chicken. The government’s retail aggregation program (RAP) made the deal possible by allowing households and smaller consumers in a shared

Meralco power rates rise this month

Nov 13, 2026

Meralco power rates rise this month

MANILA, Philippines — Over eight million Manila Electric Co. (Meralco) customers will face higher electricity bills this month, as the company raised rates by P0.4895 per kilowatt-hour (kWh) due to higher generation charges. The power utility giant said the overall rate for a typical household would climb to P15.5510 from P15.0615 per kWh in October.

Airfare fuel surcharge to ease by Nov. 16

Nov 13, 2026

Airfare fuel surcharge to ease by Nov. 16

MANILA, Philippines — Travelers get a slight reprieve in the second half of November as the Civil Aeronautics Board (CAB) approved lower fuel surcharges for the period, reflecting the decline in global jet fuel prices. In an advisory, the aviation regulator said a Level 16 fuel surcharge would take effect from Nov. 16 to 30, down

China could tighten rare earths exports if US escalates chip curbs over Nvidia: analysts

Nov 13, 2026

China could tighten rare earths exports if US escalates chip curbs over Nvidia: analysts

China could retaliate with tighter rare earth export controls if Washington further restricts chip sales in the wake of the Nvidia saga, Chinese analysts say, though they expect broader US-China trade talks to remain on track ahead of a planned meeting between the two countries’ leaders next week. Following Jensen Huang’s resignation from Nvidia on Thursday amid reports of multiple extramarital affairs, attention now turns to whether Washington will further tighten semiconductor export controls...

Panga exits Peza with record investment haul

Nov 13, 2026

Panga exits Peza with record investment haul

MANILA, Philippines — Outgoing Philippine Economic Zone Authority (Peza) Director General Tereso Panga on Friday bade farewell to the agency following a government reshuffle that would see Joshua Bingcang, president and CEO of the Bases Conversion and Development Authority, take over his post. In a social media post, Panga, who has served Peza for 28 years,

LT Group posts record P25.82-B 9-month profit

Nov 13, 2026

LT Group posts record P25.82-B 9-month profit

MANILA, Philippines — Lucio Tan-led LT Group Inc. posted a record attributable net income of P25.82 billion in the first nine months of 2026, up 14 percent from P22.57 billion a year ago, as its banking and tobacco businesses drove earnings growth. Philippine National Bank (PNB) was the biggest contributor at P11.95 billion, or 46

San Miguel net income down 40% in Jan.-Sept. 2026

Nov 13, 2026

San Miguel net income down 40% in Jan.-Sept. 2026

Conglomerate San Miguel Corporation (SMC) saw its net income decline in the first nine months of 2026 amid a challenging economic environment.

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