Domestic downstream plastic products manufacturers have raised alarm over serious threats of factory closures due to supply constraints of their raw materials. The Philippine Plastics Industry Association’s (PPIA) issued this warning as it continued to fight against the petition by JG Summit...
In the midst of a pandemic that halted most business activity for months, 21 Filipino companies managed to maintain their sustainability initiatives and win at the recent Asia Corporate Excellence & Sustainability (ACES) Awards. In awarding ceremonies held online last 10 November, 21 companies...
Lopez-led First Gen Corporation has posted 12-percent decline in earnings to P9.6 billion (US$190 million) in the three quarters of this year vis-à-vis heftier profitability of P11.3 billion (US$217 million) in the same period last year. Within the January-September period, the company noted that...
The PHINMA Group said its cement trading arm PhilCement Corp. will quickly adjust to the new labeling rules and adopt to the new regulations set by the Department of Trade and Industry. This was committed by the PHINMA Group after forging an agreement with the DTI to work together for stability and...
Taxation is not causing oil refiners to go out of business, the Duterte administration’s chief economic managers maintained. Finance Secretary Carlos G. Dominguez III...
Diversified conglomerate San Miguel Corporation (SMC) posted a net income of P15 billion for the third quarter of 2020, a full turnaround from the P4.0 billion loss incurred in the first half following the easing of restrictions starting July. Consolidated revenues and operating...
Excluding extraordinary and non-recurring items, Belle Corporation's consolidated recurring net income of P680 million for the 2020 period was 75 percent lower than the comparable figure of P2.67 billion for the 2019 period. In a disclosure to the Philippine Stock Exchange, the firm said it...
Trade and Industry Secretary Ramon M. Lopez has proposed to share P4 billion out of the P10 billion allocation from the Bayanihan 2 as soft loans to micro, small and medium enterprises (MSMEs) to pay for the 13th month pay of their workers. This was revealed by Department of Labor and Employment...
The downstream plastics manufacturing industry has strongly opposed plans of the Department of Trade and Industry (DTI) to impose safeguard duty on imported high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE) pellets and granules stressing such move will only benefit a...
FedEx Express, a subsidiary of the world’s leading logistics company FedEx Corp., on Tuesday unveiled its $30 million gateway facility in Clark, 11 years after it abandoned its regional hub in Subic Freeport for China. The unveiling of its latest investment marked the company’s 36th year of...
In a move to expand the market of the Philippine Postal Corporation (PHLPost), the state now allows local government units (LGUs) to operate and maintain their own postal stations. Under the arrangement, PHLPost will supervise the operation of the facilities, in partnership with the LGUs. PHLPost...
Small kitchen appliances a hit during pandemic Raul Joseph Concepcion, chairman and CEO of CIC (Photo credit: https://www.cic.ph ) Sales of small kitchen appliances dramatically shoot up by 50 percent during this pandemic period, but still not enough to offset the overall 50 percent decline in...
