Major cola and beverage drinks producers in the country confirmed shortage in supply of refined premium sugar, a key raw ingredient in their products, while the Philippine Chamber of Commerce and Industry (PCCI) warned that its member food processors are slowing down production because their sugar...
Passengers line up at the Trans-Asia Shipping Lines Cebu main ticketing office Chelsea Logistics and its three shipping lines, namely Starlite Ferries, SuperCat, and Trans-Asia, deployed Chelsea Travel, a unified online booking system, which will provide passengers an easy, fast, and stress-free...
The NLEX Corporation Tuesday, Aug. 9, ramped up enforcement of its anti-overloading policy, imposing a 33-ton weight limit on trucks plying the Candaba Viaduct Southbound, to ensure motorists" safety at NLEX-SCTEX while repairs are ongoing. “The anti-overloading program restricts overloaded...
The International Finance Corp. (IFC) said it will assist the Communication and Renewable Energy Infrastructure (CREI) Phils Inc. in funding the construction of shared telecommunications towers across the country. Jean-Marc Arbogast, IFC Philippines country manager, said on Thursday, Aug. 4, that...
The Department of Finance (DOF) assured on Wednesday, Aug. 3, that the Marcos administration would create an enabling environment for mining activities to flourish in the country. At the listing of Philex Mining Corp.’s (Philex) common shares in the Philippine Stock Exchange (PSE), Finance...
AyalaLand Logistics Holdings Corp. (ALLHC), a subsidiary of Ayala Land Inc. (ALI), reported a 37 percent hike in consolidated net income to P339 million in the first six months of 2022 from P246.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Universal Robina Corporation (URC), the food and beverage unit of the Gokongwei Group, reported a 24 percent drop in net income to P6.5 billion for the first half of 2022 from P8.5 billion in the same period last year due to gains from the sale of assets in 2021. In a disclosure to the Philippine...
Isuzu D-Max LS-E 4x4 AT Over the past couple of years, truck buyers’ needs have evolved. They now yearn for more tech, comfort, and even more modern styling. With this in mind, Isuzu has developed this new D-Max to meet those demands head-on. The result is the most modern and versatile D-Max yet....
Revenues of the Philippine Amusement and Gaming Corp. (Pagcor) jumped 68 percent in the first six months of the year on the back of strong gambling income fueled by the relaxation of mobility restrictions in the country. Based on Pagcor’s financial statement posted on its website on Thursday,...
The Insurance Commission (IC) approved the life insurance business application of Maxicare Life Insurance Corp. (MaxiLife), a joint venture firm between the Gokongwei-led investment company and an health maintenance organization (HMO) provider. In a statement on Thursday, July 28, Insurance...
Telco distributor Gur Lavi Corp. (GLC) is gearing up to break in the international market and today, (Thursday) July 28, forged a formal partnership with China Mobile International (CMI) Limited. Already, the trading firm is rebranding after setting up its infrastructure and connecting to service...
Citicore Energy REIT Corporation (CREIT) reported a net income of P601 million for the first six months of 2022, more than five times the P89 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said gross revenues for the first half of the year...
