New quay cranes at ICTSI’s Manila port now operational
RAZON-LED International Container Terminal Services, Inc. (ICTSI) on Wednesday said its three new quay cranes at Manila International Container Terminal (MICT) are now operational,...
OceanaGold Philippines’ net income down 30.7% in Q2
OCEANAGOLD (Philippines), Inc. saw its net income drop by 30.7% year on year to $14.2 million in the second quarter (Q2) from $20.5 million...
Wilcon Depot profit falls 10% in Q2
LISTED home improvement and construction supplies retailer Wilcon Depot, Inc. saw a 10% decline in net income to P770.41 million in the second quarter (Q2) from P855.77 million a year ago due to higher operating expenses related to expansion and one-off charges.
AirAsia Philippines to launch Nagoya route in October
AIRASIA PHILIPPINES is set to mount flights to Nagoya, Japan from Manila by end-October as part of the low-cost carrier’s international route expansion, it...
Largest solar project 54% complete
SP New Energy Corp. (SPNEC) said its P200-billion Terra Solar project is 54% complete and would be completed by 2027.
Key progress areas include land...
Every day is sustainability day: The new normal for retail business
By Ron F. Jabal
The retail landscape, once dominated by an incessant focus on maximizing profit margins, is undergoing a necessary shift. Consumers are increasingly demanding sustainable practices...
How PSEi member stocks performed — July 31, 2024
Here’s a quick glance at how PSEi stocks fared on Wednesday, July 31, 2024.
PAL seeks $500M for 3 more Airbus A350s
By Ashley Erika O. Jose, Reporter
FLAG CARRIER Philippine Airlines (PAL) said it is in talks with financial institutions to secure approximately $500 million in...
Meralco eyes larger nuclear energy deployment
MANILA Electric Co. (Meralco) is exploring the possibility of deploying both small modular reactors (SMRs) and conventional nuclear reactors to help meet the government’s...
Razon-led NEPC secures Marcos’ approval for Central Negros franchise
NEGROS Electric and Power Corp. (NEPC) has received approval from President Ferdinand R. Marcos, Jr. for its franchise to manage and operate the electricity...
Metro Manila office space take-up jumps 125% in first half — Santos Knight Frank
THE METRO MANILA office net take-up in the first half of 2024 has already surpassed the full-year performance of 2023, buoyed by return-to-office mandates...
PHL 5G stand-alone network faces performance challenges — Ookla
THE PHILIPPINES’ fifth-generation (5G) stand-alone (SA) network performance worsened in the second quarter (Q2) despite surpassing that of its select Emerging Asia-Pacific (EMAP) peers,...