Megawide Construction Corporation (Megawide) opted to exchange its remaining 33 and 1/3% plus 1 share of outstanding capital stock in Aboitiz GMR Megawide Cebu Airport Corporation’s (AGMCAC) – operator of the award-winning Mactan Cebu International Airport (MCIA) – in favor of Aboitiz InfraCapital Inc. (AIC) for a total consideration of P7.76 billion. 

​EastWest Banking Corporation (EW) recorded a strong 20% increase in net income, reaching P5.8 billion for the first nine months of 2024. This growth was driven by the Bank’s higher income-generating capacity, boosted by favorable securities trading in the third quarter. Net income for the three months of the third quarter was P2.3 billion, jumping by 49% vs. the same quarter last year. “Our September results reflect our sustained momentum across key segments. While we benefitted from the trading environment, it’s the strength of our core businesses that continues to drive our overall performance,” said Jerry G. Ngo, EastWest Chief Executive Officer. 

DoubleDragon Corporation's subsidiary Hotel101 Global has achieved milestone of exceeding 500,000 (half a million) registered users on its Hotel101 Global APP. The next milestone of 1 million registered users is expected to be attained by the end of 2024.

Alternergy Tanay Wind Corporation (ATWC), a unit of renewable energy pioneer Alternergy Holdings Corporation (ALTER), has received approval from the Department of Energy (DOE) to enhance the registered capacity of the Tanay Wind Power Project from 112 MW to 128 MW.

Filinvest REIT Corp. (FILRT) proudly represented the Philippines as it clinched the ‘Most Sustainable REIT’ award within its market capitalization category (under USD500 million) at the well-attended 9th Annual REITs and Real Estate Investment Summit Asia Pacific 2024™ held in Singapore.

STI Education Systems Holdings, Inc. (STI Holdings), owner of the largest network of private schools in the Philippines, reported a net income of P1.6 billion for the fiscal year ended June 30, 2024, reflecting an 84% increase from the P873.8 million posted in the previous year.

Integrated energy company Semirara Mining and Power Corporation (SMPC) reported an 8% drop in third-quarter earnings to P3.1 billion, from P3.4 billion in the same period last year, primarily due to reduced contribution from the coal segment amid stabilizing market indices.

Cebu Air, Inc. (CEB) has signed a Deed of Assignment of Credit and Subscription with 1AV for the assignment of credit and subscription to One Million One Hundred Thirty Thousand (1,130,000) shares, each with a par value of One Hundred Pesos (P100) per share, amounting to a total of One Hundred Thirteen Million Pesos (P113,000,000).

​Concepcion Industrial Corporation (CIC), the country's leading provider of consumer lifestyle and enterprise solutions, reported a 57% rise in third quarter earnings to P218.2 million, demonstrating the strength of its operations and improved margins despite modest revenue growth.

​Metropolitan Bank & Trust Co.’s (Metrobank) net income rose by 12.4% to a record P35.7 billion in the nine months ending September from a year ago, supported by the Bank’s strong asset expansion, recovery in non-interest income and improved asset quality.

​Manulife Financial Corporation (Manulife) announced that it does not intend to exercise its right to redeem all or any of its currently outstanding 14,000,000 Non-cumulative Rate Reset Class 1 Shares Series 17 on December 19, 2024. 

​On the heels of the recently announced collaboration between Converge ICT Solutions Inc. and Netflix, Converge continues to build on its culture of service by making Boost Mode a permanent offering now accessible to all.

​Aboitiz Equity Ventures Inc. (AEV) recorded consolidated net income of P18.8 billion for the first nine months of 2024, a 4% increase from the P18.0 billion reported for the first nine months of 2023. Excluding non-recurring foreign exchange losses of P20 million, the Company’s core net income for the first nine months of 2024 was P18.8 billion, which was 9% higher than the Company’s core net income of P17.3 billion during the corresponding period in 2023.

​The Philippine National Bank (PNB) posted a consolidated net income of P15.1 billion for the first nine months of 2024, 12 percent higher compared to its earnings for the same period last year at the back of robust growth in net interest income.