DSSI continues to provide value-based solutions to its customers, enabling it to achieve the efficiencies needed in its supply chain networks, thereby supporting growth and expansion. Moreover, the improvements in vehicle optimization and vehicle fill rate drove both profitability for DSSI and cost savings for its customers, creating a mutually beneficial partnership that will be sustainable for years to come.

DSSI will continue to lead the industry in investments in technology and a greener fleet on the back of its CCT. Furthermore, DSSI is gearing up to expand its network and services to Visayas and Mindanao by 2025, as it realizes its potential to become the leading transport provider in the Philippines.

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Clark International Airport (CRK) reported a significant increase in passenger traffic and flight operations for 2024. Last year, the airport served 2.4 million passengers, reflecting a 20% growth compared to 2023. Of this growth, 35% is attributed to domestic travelers and 65% to international passengers. Flight operations also experienced a remarkable 29% increase, reaching a total of 19,222 flights in 2024. This figure comprises 47% domestic and 53% international routes. Domestic passenger traffic surged by 32%, while international passenger numbers rose by 15%. Meanwhile, domestic flights increased by 56%, and international flights grew by 12%.

The airport’s innovative initiatives, including the implementation of Minimum Performance Specifications and Standards (MPSS), have set benchmarks for quality and operational efficiency. Regular audits conducted by the Airports Council International (ACI), alongside robust passenger feedback systems, ensure that CRK consistently meets global standards and enhances the travel experience. The proposed relocation of turboprop flights to Clark International Airport is also expected to gradually increase passenger numbers by 8–10% and flight frequency by 13% for Q1 2025.

JGDEV approved two initial investments and four follow-on investments during the year, including a second deployment from DEV Fund II. Across the two DEV funds, JGDEV is now managing a portfolio of 15 start-ups and seven fund investments. Deal flow grew by 22% versus 2023, with approval rates continuing to reflect the fund’s tighter investment criteria, despite challenging market conditions. 

JGDEV’s approach in 2024 centered on leveraging internal expertise and identifying potential synergies before pursuing further discussions with start-ups. As such, the fund introduced over 40 external start-ups to various business units within the group, along with startups from JGDEV’s own portfolio. Portfolio returns remained stable overall, which compares favorably against the sector. This was driven by several notable fundraising rounds during the year, including a USD 250 million Series D round for Tyme Bank, which was led by NuBank.

Go Rewards experienced strong growth in 2024, with its member base expanding by 44% to 10.9 million. Of these, 5.6 million were engaged members, and 1.8 million were active app users. It also onboarded four new coalition partners: Robinsons Hotels and Resorts, Summit Cafe, Spatio, and Sole Academy.

For 2025, its three major initiatives are: (1) upgrading to a new loyalty system to improve operational efficiency and unlock new opportunities for Go Rewards partners and members; (2) accelerating cross-partner promotions to enrich member benefits; and (3) enhancing Black Card preferential offers. 

Go Rewards plans to level up its digital transformation by upgrading to a more advanced loyalty system that supports a coalition model, streamlining the onboarding and management of a wide variety of partners. This will provide each partner the flexibility to deploy customized and personalized benefits according to the nature of their products and services.

Cross-partner promotions help create more value for both Go Rewards members and coalition members, as data has shown a network effect that increases sales for the acquiring partner and enhances member loyalty to the program.

Go Rewards has been collaborating with coalition partners to develop offers and events designed to further increase engagement of Black Card tier members, who have demonstrated a customer lifetime value approximately ten times higher than the overall Go Rewards average 12 months after starting their membership.