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Hyundai to invest more than $50B in SKorea

SEOUL: Hyundai on Wednesday revealed plans to invest more than $50 billion in South Korea by 2026, with a huge chunk dedicated to boosting the development and production of electric vehicles (EVs). Along with its affiliate Kia, Hyundai is the world’s third-largest automaker by sales, but the South Korean giant …

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JG Summit’s profits soar to P19.6 B as Cebu Pacific recovers

The Gokongwei Group’s flagship JG Summit Holdings Inc., one of the largest and most diversified Philippine conglomerates, reported that its core net income tripled to P19.6 billion last year from P6.2 billion in 2022. “This robust performance came from the significant turnaround in the company’s airline, along with expanding margins …

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