Megaworld, the country’s pioneer builder of townships, reports a strong nine-month and third quarter results as all key businesses achieved growth during these periods.

The property giant’s net income for the first nine months of 2024 soared 16% to P15.69-billion while in the third quarter alone, net income grew even faster by 26% year-on-year to P5.87-billion. Net income attributable to parent company in the first nine months of the year rose to P13.73-billion, registering 14% growth from the previous year. Likewise, net income attributable to parent company during the third quarter was also up by 25% compared to the same period last year.

Consolidated revenues for the nine-month period climbed to P59.78-billion, up 23%, underscoring the company’s strategic execution and its ability to drive growth across its diversified portfolio, including residential, leasing, and hotel segments. Third quarter revenues also rose to P20.69-billion, up 25% year-on-year.

Megaworld’s real estate segment remains a key driver of the strong performance, with sales rising by 30% to P37.85-billion in the first nine months and also up by 31% to P13-billion during the third quarter year-on-year. This strong growth reflects the sustained demand across Megaworld’s township developments, with residential sales reflecting the market’s continued preference for quality, integrated living experiences offered by Megaworld’s ‘LIVE-WORK-PLAY’ townships.

Leasing revenues, meanwhile, also contributed to the company’s overall growth, reaching P14.16-billion for the nine-month period, up by almost 7% year-on-year. Third quarter leasing revenues, likewise, grew by 7.4% year-on-year.

Megaworld Lifestyle Malls led this growth with a 16% increase in revenues to P4.52 billion during the first nine months of 2024, and 11% growth during the third quarter. This is mainly driven by rising operational occupancy rates and tenant sales. Megaworld Premier Offices, meanwhile, maintained a steady growth, achieving P9.63-billion in the first nine months and P3.32-billion during the third quarter, reflecting an almost 6% growth year-on-year.

Megaworld Hotels and Resorts saw a 38% increase in revenues to P3.64-billion, the fastest growth in Megaworld’s portfolio during the first nine months of the year, and 37% growth to P1.28-billion during the third quarter. This is mainly driven by its strategy focused on the global tourism market and expanding MICE (Meetings, Incentives, Conventions, and Exhibitions) capacity.

In line with its growth strategy, Megaworld launched two tourism-related townships in the first nine months of 2024: Lialto Beach and Golf Estates in Lian, Batangas, a 150-hectare development designed for premier beachside and golf lifestyle living; and San Benito Private Estate in Lipa, Batangas, a 25-hectare active wellness community in partnership with the world-renowned The Farm at San Benito.

Recently, Megaworld also expanded its township portfolio further to the north with the launch of its 34th township, Ilocandia Coastown, an 84-hectare integrated lifestyle community in Laoag, Ilocos Norte. With this latest addition, Megaworld cements its position in three of the country’s fastest-growing regions based on the latest data released by the Philippine Statistics Authority: Central Visayas, Western Visayas, and the Ilocos Region. 

“These strategic developments are integral to Megaworld’s forward-looking strategy, positioning the company for sustained, long-term growth. Our goal is to expand our portfolio in every key region in the country, generate more jobs in these localities, and help build the communities,” says Kevin L. Tan, president and CEO, Alliance Global Group, the parent company of Megaworld.

“Our performance this year highlights the value of our well-rounded approach. By expanding in areas that matter—residential, commercial, and hospitality—we’re not only building momentum but also creating meaningful communities across the country. We look forward to a strong 2024 with a clear focus on seizing new opportunities for growth that will benefit our stakeholders and the communities we serve,” says Lourdes Gutierrez-Alfonso, president, Megaworld.

Earlier, Megaworld announced that it is ending the year with 35 townships, just as the company celebrates its 35 years in the Philippine real estate industry.

The holiday season has officially arrived at Starbucks Philippines with the unveiling of the highly anticipated 2025 Starbucks Traditions Collection, inviting customers to "Sip, Celebrate, and Repeat." Featuring five exclusive pieces, the collection can be yours with just 17 stickers—making it easier than ever for customers to join this yearly tradition.

The 2025 STARBUCKS Traditions Collection_KV

Make Planning Merrier with the 2025 Sable Planner and Pouch

Starbucks 2025 Sable Planner with Pouch

Organized elegance awaits with the 2025 Sable Planner and Pouch. This sophisticated set features a luxurious leather cover in a rich sable hue, paired with a sleek rose gold pen. A matching leather pouch offers convenient storage for the pen and other essentials, allowing you to conquer your schedule with style. Thoughtfully designed, the planner is the perfect companion for mapping out the year ahead—blending practicality with refined aesthetics for a truly elevated experience.

Starbucks 24 oz Indigo Cold Cup

Starbucks 24 oz Turquoise Cold Cup

Stay Refreshingly Cool with the Vibrant Turquoise and Indigo Cold Cups

For those who prefer their beverages chilled, Starbucks presents the Turquoise and Indigo Cold Cups. These generously sized 24 fl oz cups are designed to keep your iced coffees, teas, and other refreshing drinks perfectly cool on the go. The vibrant turquoise and deep indigo hues add a touch of personality to everyday hydration, making these cold cups the ultimate statement accessory for staying refreshed in style –in any activity you do.

Starbucks 16.5 Turquoise Tumbler

Sip in Style with the Sleek Turquoise and Indigo Tumblers

Experience on-the-go convenience without compromising on style with the Starbucks Turquoise and Indigo Tumblers. These sleek 16.5 fl oz flasks are crafted with a leak-proof design, ensuring your drinks stay securely contained while on the move. Available in vibrant turquoise and a sophisticated indigo gloss, these tumblers are the perfect blend of practicality and eye-catching design, making them an essential companion for daily adventures.

From November 2, 2024, to January 2, 2025, earn an e-sticker with each purchase of a Tall, Grande, or Venti handcrafted beverage. Simply opt in with an e-Promo Card through the Starbucks PH App to track your progress, and redeem a reward of your choice after collecting 17 stickers. For online shoppers, Starbucks Rewards members with a linked Lazada Philippines account can also redeem a Starbucks Traditions reward in the Starbucks PH App with every P7,000 single-receipt purchase.

Now in its 22nd year, this tradition embodies the spirit of Starbucks, blending our passion for coffee and art. Each piece in this collection is crafted to elevate everyday moments and inspire connections that last beyond the season.

Visit your nearest store or explore the full collection online. Download the Starbucks PH App, opt-in, then sip, celebrate, and repeat! For more information on Starbucks Philippines’ initiatives, visit starbucks.ph/stories and follow Starbucks Philippines on their social media pages: Facebook, X (formerly Twitter), Instagram, and TikTok.

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 32,000 stores around the globe, the Company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at stories.starbucks.com or www.starbucks.com.

Cebu Pacific, the country’s leading carrier, kicks off November with an exciting Cebu Pacific seat sale, offering over 750,000 domestic seats at affordable prices for Visayas and Mindanao travelers ready to explore more of the Philippines in 2025.

CEB travelers can book flights until November 7 to all domestic destinations for as low as PHP 99 one-way base fare, exclusive of fees and surcharges. The travel period is from January 1 to March 31, 2025, perfect for travelers who are looking to discover more Philippines at the start of the new year.

CEB has recently expanded Visayas and Mindanao network with direct flights to more destinations. From Davao, passengers can access 12 domestic routes, including Cagayan de Oro, Puerto Princesa, and Clark. Iloilo offers 12 domestic routes, such as Tacloban and Zamboanga, while Cebu remains a key hub with over 20 routes, including new flights to Masbate and San Vicente in Palawan.

With CEB’s extensive network and low fares, every Juan in Visayas and Mindanao can plan their ideal vacation—whether it’s diving in Palawan, island-hopping around Iloilo, or visiting General Santos, known as the “Tuna Capital of the Philippines.”

Passengers can use their Travel Fund to book flights or choose from other payment options, such as credit or debit cards and e-wallets, to secure flights and add-ons.

CEB operates in 35 domestic and 26 international destinations, covering Asia, Australia, and the Middle East, giving Visayas and Mindanao travelers a wide range of travel opportunities.

Book your flights now at bit.ly/CebuPacificSale.

Cebu Pacific (PSE: CEB), the Philippines’ leading carrier, inaugurated on October 29 its direct flights from Manila to Chiang Mai, offering more Juans a seamless and affordable way to visit the mountainous region of northern Thailand.

The Manila-Chiang Mai flights will operate three times weekly — every Tuesday, Thursday, and Saturday.

CEB — which is the only carrier in the Philippines that offers direct flights to Chiang Mai — celebrated the launch with an event at the Ninoy Aquino International Airport, attended by His Excellency Mr. Tull Traisorat, the Ambassador of the Kingdom of Thailand to the Philippines, and Ms. Yatika Kaewborisoot, Director of the Tourism Authority of Thailand (TAT).

In his speech during the event, CEB President and Chief Commercial Officer Xander Lao highlighted the airline’s commitment to offering passengers more opportunities to explore the country and the world.

“For years, Cebu Pacific has been dedicated to connecting Filipinos not only to essential destinations, but also to popular places that were previously difficult to reach. More than adding to Cebu Pacific’s growing network, the launch of the Manila-Chiang Mai also serves as a testament to Cebu Pacific’s commitment to making air travel more accessible for every Juan,” he added.

With the launch of this route, travelers will now enjoy a shorter and more efficient journey to Chiang Mai – cutting up to 8 hours of the passenger’s travel time. Travelers will also save up to 64% on their flight costs with our direct service.

As direct flights between Manila and Chiang Mai begin, more Filipino travelers will now experience the popular Lantern Festival every November, take home renowned Thai handicrafts, and visit the Wat Phra That Doi Suthep — one of the most venerated temples in Chiang Mai.

To commemorate the event, passengers of the maiden flight were treated to Thai snacks and other travel essentials from TAT prior to boarding their flight.

CEB operates in 35 domestic and 26 international destinations spread across Asia, Australia, and the Middle East.

It’s truly beginning to look a lot like Christmas for Filipinos! To make the season of giving even more special, AirAsia MOVE has partnered with VISA and the Landbank of the Philippines to offer more affordable travel options.

Landbank Visa Debit Card

This collaboration hopes to make travel more accessible and enjoyable for more Filipinos and government workers.

With this latest promo, cardholders who book AirAsia and non-AirAsia flights and hotels via the AirAsia MOVE app can enjoy exclusive and limited-time benefits.

Weng Rivera, Head of Travel of AirAsia MOVE Philippines, shared her excitement for the new collaboration: “The season of giving brings so much joy and happiness to all. With all these affordable deals, we can share the gift of travel and precious memories to Filipinos. I’d also like to underscore that this partnership hopes to bring some reward and joy to our hardworking government employees. May they enjoy their well-deserved break with these travel offerings from AirAsia MOVE."

AirAsia MOVE app can enjoy exclusive and limited-time benefits

For AirAsia flights with a minimum spend of PHP5,000 booked on AirAsia MOVE using a Landbank Visa Debit Card, travelers will enjoy a PHP 500 discount on their booking, a complimentary Santan meal on board, and a bonus of 500 AirAsia points added to their accounts. No promo code is required for the promotional AirAsia flights, as the discount is automatically applied when the Landbank Visa Debit Card is used at checkout. 

Landbank Debit Cardholders booking a flight with other airlines via AirAsia MOVE can also enjoy a PHP500 discount using the promo code LBPVISA at checkout.

To complete the seamless travel experience, they can also book hotels on the app at discounted rates. They can get PHP200 savings with promo code LBPVISA for a minimum spend of PHP2,000.

Landbank Debit Cardholders can book these exclusive deals every Friday, Saturday, and Sunday until December 31, 2024. The travel period is from October 11, 2024, to August 31, 2025.