Ayala Corp. Core Profit Slips 6% on Weaker Bank, Property Earnings
Business

Ayala Corp. Core Profit Slips 6% on Weaker Bank, Property Earnings

Ayala Corp., a Philippine conglomerate, reported a 6% decline in core net income to P34.5 billion for the first nine months of 2026, primarily due to weaker earnings from its banking and property businesses and lower non-operating income.

Read up to 3 eligible full articles per Japan day (JST) for free

Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.

  • Estrada received P213M 'commitment fees,' says ex-DPWH engineer

    A former Department of Public Works and Highways (DPWH) engineer testified that P213 million in 'commitment fees' were given for projects allegedly involving Senator Jinggoy Estrada, revealed during a bail hearing for his plunder case.

  • BSP Keeps Cap on Credit Card Finance Charges, Raises Installment and Cash Advance Fees

    The Bangko Sentral ng Pilipinas (BSP) will maintain the current cap on finance charges for credit cards, aiming to protect consumers. However, fees for installment loans and cash advances will be increased, providing credit card issuers with additional revenue streams.

  • Philippines: Investment Pledges Soar 83% to P628B in Q3

    Investment pledges from Filipino and foreign investors in the Philippines surged by 83% to P628.19 billion in the third quarter, according to the Philippine Statistics Authority (PSA). Overseas investor commitments more than doubled, signaling growing economic recovery prospects.

  • US Defense Firm Eyes $20-M Drone Hub in Aurora, Philippines

    Virginia-based defense logistics firm Anglicotech plans a $20 million investment to establish a drone manufacturing hub on a five-hectare site in Aurora province, Philippines. The company, which supports both the US Department of War and the Armed Forces of the Philippines, aims to boost regional economic growth and defense capabilities.