Windows26: DoF: Landbank, DBP financially strong despite Maharlika investments

January 3, 2024

Hello, reader!

Welcome to the INQUIRER.net business newsletter. This week, we covered record-breaking passenger numbers at Naia, insights from CEOs reflecting on 2024 and anticipating 2025, and updates on Landbank and DBP's financial health post-Maharlika investments.

Let's begin with the foreign exchange rate update as the Philippine peso closed at 58.2 against the U.S. dollar today, January 3.

DoF: Landbank, DBP financially strong despite Maharlika investments

The Department of Finance (DoF) urged Congress to speed up the approval of bills that would tweak the charters of the two state banks so they can finally go public and help replenish their capital following their hefty contributions to Maharlika Investment Corp. (MIC).

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Record high: Naia passengers topped 50M in 2024

Ninoy Aquino International Airport (Naia) ended 2024 with record-breaking passenger volume, proving that the aviation sector has fully spread its wings since the pandemic-induced lockdowns clipped them a few years ago.

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BIZ BUZZ: Trouble brewing in Alabang

Members of the Alabang Country Club inside the posh Ayala Alabang Village that caters to the country's rich and famous are in for a rude awakening this new year as their monthly dues are set to increase starting this month by 40 percent, from P5,000 to P7,000 a month.

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CEOs look back on eventful 2024, look forward to a better 2025 (First of a series)

Despite all the trials and tribulations that came along with 2024, it turned out to be a fairly good one for many of the country's leading corporations. We asked Frederic C. DyBuncio of SM Investments Corp. and Xander Lao of Cebu Pacific how 2024 treated them and what they look forward to this year.

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CEOs look back on eventful 2024, look forward to a better 2025 (Second of a series)

In this second part, the Inquirer asked Fabian Dee of Metropolitan Bank and Trust Co., Sanjiv Vohra of Security Bank Corp., and Nestor Padilla of Rockwell Land Corp. — some of the country's most influential corporate figures — about their experiences in 2024.

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CEOs look back on eventful 2024, look forward to a better 2025 (Third of a series)

The Inquirer also asked Eugene S. Acevedo of Rizal Commercial Banking Corp. and Tarang Gupta of Alaska Milk Corp. on what they look forward to in 2025. With milestones achieved and targets met, these corporate leaders have compelling reasons to anticipate 2025 with excitement.

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