Latest news with #MegaworldCorp
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GMA Network
6 days ago
- Business
- GMA Network
Megaworld posts P12B net income in H1 2025, up 23%
Property giant Megaworld Corp. saw its bottom line grow by double digits in the first half of 2025 due to the good performance of its core businesses—residential, leasing, and hospitality. In a statement on Tuesday, Megaworld said its net income for the January to June 2025 period stood at P12.09 billion, up 23% year-on-year. For the second quarter alone, the company's earnings totaled P6.26 billion, up 31% from a year earlier. "Our strong first half and second quarter results reaffirm the strength and adaptability of our township strategy. We are always focused on ensuring that our core segments will continue to deliver exceptional performance even in challenging environments,' said Lourdes Gutierrez-Alfonso, Megaworld president and CEO. Megaworld also posted revenues of P43.09 billion in the first half of 2025, up 10% year-on-year. —VBL, GMA Integrated News
The Star
24-06-2025
- Business
- The Star
Grab Philippines to pilot test drone deliveries
MANILA: Grab Philippines will soon transport packages via drones in a bid to make deliveries more seamless in densely populated areas where traffic can delay partner riders. In a statement on Tuesday (June 23), the super app operator said it would conduct a pilot study for the unmanned aerial vehicle delivery between two properties owned by Megaworld Corp. in Metro Manila. The drone-powered commercial delivery will implement a hybrid delivery model where Grab riders handle pick-ups and drop-offs from dedicated drone landing stations. The drones will make the delivery between the two points. Grab, Megaworld, Department of Transportation and Department of Information and Communications Technology inked a memorandum of understanding for this effort. 'This pilot is an opportunity for us to learn and understand how drone deliveries might work in the Philippine context, from dense urban neighborhoods to underserved areas,' Grab Philippines managing director Ronald Roda said. - Philippine Daily Inquirer/ANN
