World News Daily Inc.

World News Daily Inc. Newspaper

ANTICIPATION BUILDS FOR THE ALL-NEW TOYOTA BZ4X BEVFirst all-electric Toyota in the country to arrive in DecemberThe All...
14/11/2025

ANTICIPATION BUILDS FOR THE ALL-NEW TOYOTA BZ4X BEV

First all-electric Toyota in the country to arrive in December

The All-New bZ4X, Toyota Motor Philippines (TMP)’s first-ever Battery Electric Vehicle (BEV) under the Toyota brand, is capturing the interest of several customers who have been anticipating the official availability of the vehicle in the country.

According to TMP President Masando Hashimoto, TMP dealers who are set to offer the bZ4X have been receiving inquiries since TMP opened the reservation period last November 7.

“We are encouraged by the positive reception by the public to the news of bZ4X local release,” said Hashimoto. “Understandably, one of the most asked questions is the average range of the EV. While actual consumption and range will vary based on conditions and driving habits, we were able to register 570 km of EV range. This is based on internationally accepted Fuel Consumption Test Protocol under UN Regulations No. 101.”

The Philippines will be getting the Japan-sourced bZ4X.

Through its multi-pathway approach that provides more electrified options based on varied customer needs and readiness, Toyota is committed to enabling customers to be part of its strong carbon neutrality push.

The All-New Toyota bZ4X, an all-wheel drive (AWD) BEV SUV, is powered by a 73.11 kWh Lithium-ion battery with a max output of 343 PS and max torque of 338 Nm.

Those looking to make the fearless step forward toward electrification may already reserve the bZ4X at https://www.toyota.com.ph/reservebz4x. They may also inquire directly at any of the Toyota dealerships offering the bZ4X: Toyota Alabang, Toyota Commonwealth, Toyota Global City, Toyota Mabolo Cebu, Toyota Makati, Toyota Manila Bay, Toyota Mandaue South, Toyota North EDSA, Toyota Pasig, Toyota Quezon Avenue, Toyota San Fernando, and Toyota Santa Rosa.

With the bZ4X, Toyota empowers customers to actively reduce their carbon footprint without compromising on style and comfort. By choosing a Toyota, they enjoy worry-free vehicle ownership so they can focus on the drive.

For more information on the bZ4X, customers may visit https://www.toyota.com.ph/bz4x

For the latest updates on Toyota products, services, dealer operations, announcements and events, follow Toyota Motor Philippines on Facebook and Instagram, ToyotaMotorPH on X, and Toyota PH on Viber.

Currently, TMP has the widest selection of hybrid and battery electric models in the country, with a mix of electrified sedans, MPVs, SUVs, and vans under its Toyota and Lexus brands. Lexus introduced TMP’s first BEV, the Lexus RZ, in 2023.

PNB ANNOUNCES SUSTAINABILITY BONDS OFFER UNDER ITS PHP50 BILLION BOND AND COMMERCIAL PAPER PROGRAMMEPhilippine National ...
14/11/2025

PNB ANNOUNCES SUSTAINABILITY BONDS OFFER UNDER ITS PHP50 BILLION BOND AND COMMERCIAL PAPER PROGRAMME

Philippine National Bank (PSE: PNB) will offer a minimum of PHP3 billion peso-denominated dual-tranche, 3-year and 5-year fixed-rate sustainability bonds, with an option to upsize. The Bonds mark the inaugural series under PNB’s PHP50 billion Bond and Commercial Paper Programme.

PNB recently released its financial results for the first nine months of 2025, posting a 23% year-on-year growth compared to the same period last year. When issued, the Bonds are intended to support PNB’s growth mode and will be used by the Bank to finance or refinance, in whole or in part, Eligible Assets in accordance with prescribed eligibility criteria under the Sustainability Financing Framework. The Bonds are intended to be issued as sustainability bonds under the ASEAN Sustainability Bond Standards, subject to application with and confirmation from the Securities and Exchange Commission (SEC) on the use of the ASEAN label.

“This bond issuance reflects PNB’s commitment to responsible banking and sustainable growth. By channelling funds toward eligible green and social projects under our Sustainability Financing Framework, we aim to create long-term value for our stakeholders while contributing to the country’s sustainable development goals,” said PNB President and CEO Edwin Bautista. “This offering also underscores our confidence in the market and our readiness to support the evolving needs of our customers and communities.”

The Bonds, which will be offered in two tranches, will carry a tenor of 3 years and 5 years from the date of issuance. The public offer period will commence on November 26 until December 2, 2025, subject to final management determination, market conditions, and other factors. The Bonds are expected to be issued and listed with the Philippine Dealing and Exchange Corp. on December 11, 2025.

The Bank has appointed its investment banking arm, PNB Capital and Investment Corporation (PNB Capital), as well as ING Bank N.V., Manila Branch (ING), and Standard Chartered Bank (SCB) as the Joint Lead Arrangers and Bookrunners for the Bonds. PNB, ING, and SCB will act as the Selling Agents for the upcoming offer.

PNB, the Joint Lead Arrangers and Bookrunners, and the Selling Agents reserve the right to update the terms, periods and dates prescribed above, as deemed appropriate and with due notice.

THE BONDS REFERRED TO HEREIN ARE SECURITIES EXEMPT FROM REGISTRATION UNDER SECTION 9.1(E) OF THE SECURITIES REGULATION CODE AND WILL ACCORDINGLY NOT BE REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION. THE BONDS ARE NOT DEPOSIT INSTRUMENTS AND ARE NOT INSURED BY THE PHILIPPINE DEPOSIT INSURANCE CORPORATION.

SECURITY BANK EARNS THREE GOLDEN ARROW AWARDS FOR LEADERSHIP IN CORPORATE GOVERNANCESecurity Bank Corporation received t...
14/11/2025

SECURITY BANK EARNS THREE GOLDEN ARROW AWARDS FOR LEADERSHIP IN CORPORATE GOVERNANCE

Security Bank Corporation received three Golden Arrows from the Institute of Corporate Directors (ICD) for excellence in corporate governance, underscoring its commitment to transparency, accountability, and ethical leadership.

Presented on October 23, 2025, at Okada Manila, the recognition was based on the Bank’s ASEAN Corporate Governance Scorecard (ACGS) rating of 100–109 points, placing Security Bank among the region’s top companies in upholding best governance practices.

“Receiving the Three Golden Arrows is a proud moment for Security Bank as it affirms the strength of our governance framework and the trust placed in us by our stakeholders,” said Atty. Cirilo P. Noel, Chairman of Security Bank. “This recognition motivates us to push further—enhancing our practices, fostering accountability, and creating sustainable value for the communities we serve.”

This milestone strengthens Security Bank’s commitment to its BetterBanking promise—continuing to lead with integrity, enhance its governance framework, and embrace evolving standards that shape a more resilient and forward-thinking financial institution.

A FIRST LOOK AT THE NEWLY RENOVATED PICCThe Philippine International Convention Center (PICC), Asia’s first internationa...
14/11/2025

A FIRST LOOK AT THE NEWLY RENOVATED PICC

The Philippine International Convention Center (PICC), Asia’s first international convention center and a National Cultural Treasure, has reopened its doors following an extensive complex-wide renovation that masterfully weaves heritage with innovation.

The renovation was undertaken in preparation for the Philippine hosting of the ASEAN Summit and the PICC’s 50th anniversary in 2026. Paying homage to the vision of National Artist for Architecture Leandro V. Locsin, the PICC’s iconic Brutalist aesthetic was preserved while incorporating contemporary features for greater efficiency and functionality. Each upgrade was conceived to elevate the client and guest experience, from thoughtfully restored interiors that balance elegance with practicality to technological enhancements that meet the needs of modern events.

With these improvements, the PICC continues to set the gold standard in Philippine infrastructure and reaffirms its leadership in the Meetings, Incentives, Conferences, and Exhibitions (MICE) industry, having been recognized with the Tourism Award for MICE Excellence at the 2025 Philippine Tourism Awards.

A VENUE REBORN: THE PICC’S COMPREHENSIVE UPGRADES

THE DELEGATION BUILDING

From the outside, the PICC Delegation Building appears to hover above the front lawn, continuing the illusion of floating volumes, a Locsin signature in the CCP complex. The lawn was restored to its original 1976 landscape design.

The building entrance has been made more spacious to improve circulation and event flow without compromising security, making it convenient for high-volume conventions and events. Upon entry, guests are welcomed by the renewed grandeur of the Main Lobby - its 3,068 droplights restored to full brilliance with new bulbs, its ceiling meticulously hand-painted with metallic powder, its marble floors refinished, and its concrete walls laser-cleaned.

At the right side of the lobby, the newly refurbished Delegation Lounge combines comfort, privacy, and prestige with its tastefully designed interiors and enhanced security measures for VVIP guests.

Conference rooms on the 3rd and 4th floors now feature modern touches that reflect the PICC’s architectural character, providing clients venues that inspire while promoting productivity. Office spaces on the 5th floor have been redesigned with contemporary layouts and furnishings.

THE SECRETARIAT BUILDING

The Secretariat Building’s meeting rooms, known for their distinctive wooden lattice walls and high ceilings, have been carefully restored and updated with modern features. The rooms are now equipped with LED screens and advanced audio systems to support events, such as hybrid meetings and multi-session conventions.

The Secretariat Lounge offers delegates an elegant environment with refined interiors, plush seating, and warm lighting, serving as an extension of the Secretariat Rooms.

THE PLENARY AND RECEPTION HALLS

The PICC’s most popular venues—the Plenary Hall and Reception Hall—retain their iconic identity while integrating new technologies. Designed to accommodate thousands of guests, both halls now have expansive LED screens, upgraded audio systems, and dimmable lighting.

The Plenary Hall features refurbished wood walls, ceilings, doors, and seating with chairs fitted with new brass seat numbers. State-of-the-art lighting and enhanced acoustics ensure every conference, performance, and milestone event delivers maximum impact.

The Reception Hall radiates timeless elegance, highlighted by thousands of polished globule chandeliers, ornamented ceilings, refreshed fabric walls, and refinished woodwork, creating a picture-perfect setting for banquets, ceremonies, and special celebration.

THE COURTYARD

The Courtyard has been transformed into an open-air gallery, showcasing 20 sculptures donated by APEC member economies, anchored by National Artist Arturo Luz’s Anito. Restored to its original pebble wash flooring, the space now features an infinity waterfall, improved ponds, ambient lighting, and a 30-speaker audio system. Ideal for receptions and performances, the Courtyard offers a unique outdoor event experience.

WAYFINDING AND CONNECTIVITY

Throughout the complex, new brass signage and upgraded wayfinding complementing PICC’s interiors make navigation easy and efficient, while high-speed Wi-Fi ensures reliable connectivity for the digital requirements of events.

A LIVING MUSEUM

As the most visited National Cultural Treasure, the PICC also serves as a living museum. A curated selection of over a hundred artworks from the Bangko Sentral ng Pilipinas collection, including newly displayed pieces, adorns its halls. With permanently installed masterpieces such as National Artist Jose Joya’s Pagdiriwang and Arturo Luz’s Grid and Anito, alongside works by other renowned Filipino artists such as Carlos “Botong” Francisco, Napoleon Abueva, H.R. Ocampo, Ang Kiukok, and Abdulmari Asia Imao, delegates and guests are fully immersed in the richness of Philippine arts and culture within the PICC.

A NEW ERA OF EXCELLENCE

Already open for bookings, the newly renovated PICC welcomes events of every scale - from international conferences and government summits, to corporate meetings and social gatherings.
As it nears its golden year in 2026, the PICC stands as a proud symbol of Filipino excellence in architecture, infrastructure, and hospitality, setting the highest standards in the MICE industry.

JOLLIBEE FOODS CORPORATION RECOGNIZED FOR STRONG CORPORATE GOVERNANCE Jollibee Foods Corporation (PSE: JFC) has received...
14/11/2025

JOLLIBEE FOODS CORPORATION RECOGNIZED FOR STRONG CORPORATE GOVERNANCE

Jollibee Foods Corporation (PSE: JFC) has received honors at the Golden Arrow Awards 2025, marking a new milestone in its corporate governance journey. This recognition marks the company’s first-ever award in the higher category (90–99), following an achievement of a score of 90.03 in the ASEAN Corporate Governance Scorecard (ACGS) assessment conducted by the Institute of Corporate Directors (ICD).

The 2 Golden Arrows award reflects the Jollibee Group’s sustained commitment to strengthening transparency, accountability, and ethical leadership across its global operations.

“We strive each year to improve how we uphold strong corporate governance, and these recognitions encourage us that our efforts are progressing well,” said Ernesto Tanmantiong, Jollibee Group Global President and CEO. “As we grow and expand globally, we remain mindful that good governance is essential to creating long-term value for our stakeholders, communities, and customers. It is a foundation that enables us to stay true to our purpose of spreading joy through superior taste.”

The Golden Arrow Awards recognize publicly listed companies in the Philippines that demonstrate exemplary governance practices, as measured by the ASEAN Corporate Governance Scorecard —a regional benchmark adopted by regulators across ASEAN.

Companies that score 80 points or higher are conferred the Golden Arrow distinction, signifying alignment with both the Revised Code of Corporate Governance and international best practices.

The ACGS evaluates performance across key principles, including shareholder rights, equitable treatment of stakeholders, transparency, and the board’s strategic leadership and oversight. It aims to raise governance standards in the Philippines and attract long-term investment by recognizing well-governed companies that foster trust and accountability in the business community.

This year’s 2 Golden Arrows award further underscores the Jollibee Group’s continuous progress in governance excellence—anchored on its values of integrity and stewardship—and cements its place among leading publicly listed companies in the region.

HILTON MANILA NEWPORT WORLD RESORTS MARKS ITS FIRST TREE LIGHTING IN THREE YEARS WITH A RADIANT YULETIDE CELEBRATIONA lo...
14/11/2025

HILTON MANILA NEWPORT WORLD RESORTS MARKS ITS FIRST TREE LIGHTING IN THREE YEARS WITH A RADIANT YULETIDE CELEBRATION

A long-awaited return to festive traditions, the celebration illuminated the hotel with the warmth and spirit of a Filipino Christmas, guided by this year’s theme, Sinagtala

Hilton Manila Newport World Resorts ushered in the holiday season on 11 November 2025, welcoming invited VIPs, corporate clients, and members of the media to an evening of festive cheer and elegant celebration.

Guests gathered in high spirits to witness the lighting of the hotel’s emerald-themed Christmas tree, a dazzling centerpiece that bathed the hotel’s decor in a warm, radiant glow. General Manager Gagan Talwar shared his excitement about celebrating the holidays in the Philippines: “Experiencing the holiday season here is truly inspiring.

The joy and enthusiasm with which Filipinos embrace Christmas is remarkable. We are excited to welcome our guests and friends to experience the warmth, the festive spirit, and the thoughtfully curated delights we have prepared this year at Hilton Manila Newport World Resorts.”

Guided by this year’s Sinagtala theme, which translates to “radiant star”, the evening celebrated Filipino traditions and togetherness.

Symbolizing the bright northern star, Sinagtala positions Hilton Manila Newport World Resorts as a home for the holidays, where guests can gather, savor festive feasts, and share in the magic of the season. Guests were serenaded by a saxophonist whose melodies echoed the sophisticated New Yorker vibe of Madison Lounge & Bar, where the cocktail reception was held.

Following the tree lighting, guests were welcomed to Kusina Sea Kitchens for a preview of the hotel’s festive offerings. Executive Chef Lord Carlo Bayaban presented a generous spread featuring Rosemary-Roasted Prime Ribs, Honey-Cured Ham, and Roasted Tom Turkey complemented by an impressive dessert selection. The dinner that evening was a special preview run of the hotel’s Christmas Eve and Christmas Day Buffet spread at PHP 3,500 nett per person, giving guests an early taste of the warmth, abundance, and celebratory spirit that await on December 24 and 25.

The evening at Hilton Manila Newport World Resorts was a seamless blend of elegance and tradition, inviting guests to rediscover the magic of the season in a space that feels both refined and welcoming. With Sinagtala as its guiding theme, the hotel reaffirms its place as a home for the holidays, where gatherings are cherished and memories are made.

Hilton Manila Newport World Resorts invites guests to follow the glow of Sinagtala and enjoy a season filled with heartfelt gatherings, memorable flavors, and festive cheer. The hotel’s festive brochure may be viewed here. For inquiries or reservations, please call +63 917 851 4044 or email [email protected].

ALL GEARED UP FOR GROWTH, CONTINUOUS LEARNINGIntegrated schools have become a key component of Philippine education as t...
13/11/2025

ALL GEARED UP FOR GROWTH, CONTINUOUS LEARNING

Integrated schools have become a key component of Philippine education as they provide a seamless path from elementary to high school. By combining multiple grade levels under one roof, these schools help communities accommodate growing student populations and prevent interruptions in learning.

Their role became even more crucial with the rollout of the K-12 program, which allowed students to complete the full cycle of basic education without gaps.

Jefmin Elementary School (JES) in Concepcion, Tarlac, is in the midst of a metamorphosis that mirrors this. From an elementary school, it is working to become an Integrated School that will carry students seamlessly through kindergarten to junior high school.

GEARING FOR GROWTH

JES Principal Anthonette Lampa said the school is well-positioned for the transition, citing the school’s strong performance on achievement tests as well as its successes in curricular and co-curricular competitions.

But she emphasized that a school building is a critical missing piece: “For the integrated school, we prioritize the classrooms. If we do not have classrooms, even with approved documents, where will we house the students? The paperwork for that is easy, but securing the classrooms and teachers for our learners is the real challenge,” she explained.

The transition, she said, is for the welfare of the 770 students at JES, one of the largest schools in the Concepcion West District. Moving to an Integrated School would allow students to continue their secondary education locally, easing parents’ concerns about travel and commuting costs.

A CRITICAL PIECE

The new school building, jointly built by SM Foundation and SM Prime, has alleviated many of these concerns.

Lampa said that three of the four classrooms will be used for the school’s transition, with facilities designed to enhance comfort, motivation, and learning, including individual armchairs, some of which are specifically designed for left-handed students.

For teachers like Tom Pangilinan, who has taught at JES for 29 years, the building is a welcome change: “We sometimes conduct our classes in open areas without proper roofing, which makes heat and discomfort impact the students’ learning experience. It’s hard to maintain classroom discipline when facilities are poor.”

He added, “You have to raise your voice just to be heard; it gets hot, and the students get sleepy when there are no proper learning facilities. Naturally, if the teacher struggles, the students’ learning is affected, too.”

After the turnover, Pangilinan described the new building as a major step toward resolving the school’s longstanding shortage of classrooms and facilities.

“Many are hoping that this means the completion of our integrated school, so students won’t have to leave the barangay to study because transportation is also a burden. SM gave us a really great opportunity. We are grateful to them for helping us meet the needs of our school,” he added.

ACCOMMODATING STUDENTS, ENSURING CONTINUOUS LEARNING

To ensure proper care of the building, three classrooms will be housed by grade six students, while they will dedicate one of the rooms for digital learning.

“These kids are talented. We always say we’re in a high-tech age, but we don’t have enough computers. But because of the DigiHub, our students can now have hands-on learning with computers. It’s a huge help for their growth,” Lampa said, noting that the hub will also train students, not just in digital literacy, but also for competing in journalism press conferences.

The SM Grroup ensured that the facility is tailored to the needs of the school. It addresses the long-standing challenges, including the lack of comfort rooms and ventilation.

Each classroom comes with a comfort room, four electric fans, armchairs made of steel and wood, a whiteboard, and a teacher’s desk, while the building includes a handwashing station.

SUN LIFE RACES TOWARDS A HEALTHIER TOMORROW AT LUAP’S LIFEST FUN RUNSun Life Philippines bolsters its health and wellnes...
13/11/2025

SUN LIFE RACES TOWARDS A HEALTHIER TOMORROW AT LUAP’S LIFEST FUN RUN

Sun Life Philippines bolsters its health and wellness thrust as it proudly served as a platinum sponsor at the recently concluded LIFEST: InsuRUNce Fun Run, an event organized by the Life Underwriting Association of the Philippines (LUAP) in partnership with the Insurance Commission.

The event brought together hundreds of insurance professionals for a day of fitness, camaraderie, and advocacy for health and wellness. More than 400 Sun Life employees and advisors laced up their running shoes and joined the festivities, showcasing the company’s dedication to living its purpose beyond financial security.

“For Sun Life, health is an integral part of its mission to help Filipinos achieve not only a brighter future, but also a healthier tomorrow,” said JJ Moreno, President of Sun Life of Canada (Philippines), Inc. “Supporting events like the LIFEST Fun Run is a natural extension of our mission to champion living a healthier life.”

Participants also enjoyed wellness activities and a variety of booths set up by Sun Life and other companies who sponsored the event, celebrating the vitality and community within the insurance industry.

Sun Life’s involvement in initiatives like LIFEST Fiesta reflects its holistic approach to well-being. Beyond offering financial solutions, the company actively promotes programs and partnerships that encourage Filipinos to embrace healthier lifestyles. In fact, the company holds annual sporting events such as Sun Life Cycle PH, a family-friendly cycling event that features different categories for all skills and ages, and the 5150 Triathlon in Bohol, for more seasoned athletes.

Want to know more about Sun Life’s health and wellness initiatives? Stay updated by following on Facebook, Instagram, and TikTok or visit www.sunlife.com.ph for more information on its products and services.

SUN LIFE RETAINS NO. 1 SPOT IN PHILIPPINE LIFE INSURANCE INDUSTRY IN Q3 2025Sun Life of Canada (Philippines), Inc., the ...
13/11/2025

SUN LIFE RETAINS NO. 1 SPOT IN PHILIPPINE LIFE INSURANCE INDUSTRY IN Q3 2025

Sun Life of Canada (Philippines), Inc., the country’s first and longest standing life insurance provider, has once again secured the position as the number one life insurance company in the Philippines for the third quarter of 2025.

The company achieved a remarkable total premium income of PHP 44.73 billion, reaffirming its leadership in the industry and its unwavering commitment to helping Filipinos achieve lifetime financial security. This achievement reinforces Sun Life’s promise to put its Clients at the heart of everything it does.

“At Sun Life, our commitment goes beyond providing financial solutions,” said Benedict Sison, CEO and Country Head of Sun Life Philippines. “As we celebrate our 130th anniversary, we strive to be the Filipinos’ Partner for Life in their journey towards brighter futures. We will continue to innovate and deliver services that empower them to achieve their goals and dreams.”

The company attributes its success to its Client-centric approach, the commitment of its advisors, and the dedication of its employees. Sun Life Philippines continues to expand its product offerings and enhance its services to meet the evolving needs of Filipino families in an increasingly dynamic financial landscape.

As Sun Life Philippines looks ahead, it remains focused on its long-term strategy of sustainable growth and positively impacting the communities it serves. The company is committed to maintaining its leadership position while continuing to innovate and adapt to the changing needs of its Clients and the Philippine market.

To learn more about Sun Life Philippines, visit www.sunlife.com.ph. Stay updated by following Sun Life Philippines on Facebook, Instagram, and TikTok.

SM INVESTMENTS 9M 2025 NET INCOME UP 6% TO PHP64 BILLIONSM Investments Corporation (SM Investments) reported a consolida...
13/11/2025

SM INVESTMENTS 9M 2025 NET INCOME UP 6% TO PHP64 BILLION

SM Investments Corporation (SM Investments) reported a consolidated net income of PHP64.4 billion in the nine months of 2025, up 6% from PHP60.9 billion in the same period last year.

Consolidated revenues likewise increased by 4% to PHP482.3 billion, compared with PHP462.5 billion a year ago.

“The third quarter performance remained within our expectations. Despite the challenges brought about by adverse weather and flooding, we continued to see resilient financial performance across our businesses,” said Frederic C. DyBuncio, President and Chief Executive Officer, SM Investments. “While external factors may temper overall economic growth, we maintain an optimistic outlook as we move into the fourth quarter.”

Banking accounted for the largest share of SM Investments’ net income at 50%, followed by property (28%), retail (15%), and portfolio investments (7%).

RETAIL

SM Retail reported net income stood at PHP12.2 billion, from PHP12.8 billion in the previous period.

Retail revenues, on the other hand, grew 5% to PHP318.1 billion from PHP301.8 billion in the previous period.

“The earlier school opening in June this year pushed some spending from the third to the second quarter. Despite this shift, specialty retail spending grew in the health and beauty, fashion and kids categories while essential spending continued to prop up growth for food retail," Mr. DyBuncio observed.

Department store revenues grew 3% in the fashion and kids segments while food retail revenues increased 7% supported by a strong market base and store expansions.

Specialty retail revenues rose 4% driven by growth in the kids and home categories.

BANKING

BDO Unibank, Inc. (BDO) recorded a net income of PHP63.1 billion, an increase by 4% from PHP60.6 billion last year due to sustained performance of its core business segments.

Net interest income grew by 8% as gross customer loans climbed by 14% to PHP3.5 trillion on broad-based growth across all market segments. Deposits expanded by 10%, with a Current Account/Savings Account (CASA) ratio of 67%.

Asset quality remained stable, with Non-Performing Loan (NPL) ratio at 1.77%, and NPL coverage at 134%.

China Banking Corporation posted a net income of PHP20.2 billion for the first nine months of 2025, up 10% year-on-year with core businesses delivering robust results. Net interest income grew by 15% to PHP53.5 billion.

Non-performing loan (NPL) cover was 123%, higher than the industry average. Gross loans rose 14% to PHP994.0 billion on strong demand from both the corporate and consumer segments.

Deposits also rose by 9% to PHP1.4 trillion, securing a stable funding base, driven by 12% year-on-year growth in checking and savings accounts.



PROPERTY

SM Prime Holdings, Inc. (SM Prime) reported nine-month profit to PHP37.2 billion, up 10% from PHP33.9 billion a year earlier. The growth was driven by higher contributions from the mall and convention center segments.

Total revenues rose 4% to PHP103.4 billion from PHP99.8 billion. Malls accounted for 59% of revenues, increasing 7% to PHP61.0 billion from PHP57.3 billion due to the addition of leasable space and tenants.

The residential segment, covering both core and leisure projects, contributed over 31% of total revenues, easing 2% to PHP32.6 billion from PHP33.1 billion due to slower revenue recognition from mid-segment developments.

Hotels and Convention Centers, which pitched in 6% to revenues, registered the strongest growth at 9%, rising to PHP6.0 billion from PHP5.5 billion on the back of higher MICE bookings.

Revenues from Offices and Warehouses, which represented almost 4% of the total, remained steady at PHP4.0 billion.

PORTFOLIO INVESTMENTS

The portfolio investments’ performance was driven by Philippine Geothermal Production Company which contributed 30% of total portfolio income, followed by NEO with 26% and 2GO with 12%. 2GO revenues increased 6% and net income by 65% supported by the strong performance of its travel and logistics businesses.

BALANCE SHEET

The total assets of SM Investments increased 4% to PHP1.8 trillion. Gearing ratio remained conservative with 31% net debt to 69% equity.

Address

Binondo

Alerts

Be the first to know and let us send you an email when World News Daily Inc. posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to World News Daily Inc.:

Share