Global Ferronickel Holdings, Inc. (FNI), through its operating arm in Surigao del Norte Platinum Group Metals Corporation (PGMC), committed to ship as much as 1.3 million wet metric tons (WMT) of nickel ore to Baosteel Resources International Co. Ltd next year. In a regulatory filing to the...
The local stock market surged past the 7,000 level as investors celebrated positive reports on breakthrough in COVID-19 vaccines. The Philippine Stock Exchange index (PSEi) leaped 349.63 points, or 5.23 percent ,to close at 7,035.48 as share prices rose across the board with the Holding Firms...
Concepcion Industrial Corporation (CIC) reported a 33 percent jump in net income to P307 million in the third quarter of the year from the same period of 2019 despite the effects of the pandemic. In a disclosure to the Philippine Stock Exchange, the firm said this is a strong recovery from first...
Motorists will be greeted by varied adjustments in pump prices this week – with the cost of gasoline getting trimmed by P0.20 per liter; while diesel will go up by P0.20 per liter. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) The price hike will be heftier this week at P0.40 per liter for...
The country’s top corporations have shown that they have been walking the talk even before signing the Covenant for Shared Prosperity wherein they have sacrificed profitability in order to take care of their stakeholders and ensure sustainability....
The power investment unit of San Miguel Corporation (SMC) considerably bucked the odds of electricity demand slump and economic contraction this year, as its three-quarter income climbed by 27-percent to P14.48 billion versus last year’s P11.385 billion in the same period. SMC Global Power...
Robinsons Land Corporation (RLC), one of the leading diversified real estate companies in the Philippines, reported seeing signs of recovery in the third quarter of 2020 although first half performance pulled down earnings in the first nine months of the year. In a disclosure to the Philippine...
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...
Greenfield power projects that will feed on imported liquefied natural gas (LNG) have been emerging as ‘hot investment contest’ in the restructured electricity sector, and Aboitiz Power Corporation announced that it is inclined to join the forthcoming wave of capital spending for the...
The local stock market surged at the start of the US elections as investors look forward to an end in the guessing game over who will lead the world’s most influential economy in the next four years. The PSEi rose 128.49 points or 2.03 percent to close at 6,464.05 as share prices rose...
The Philippine government has directed Pangilinan-led PXP Energy Corporation to go ahead with its programmed seismic survey and well drilling at the Recto Bank even without securing first the concurrence of China National Offshore Oil Corporation (CNOOC) or that of the Chinese government. Energy...
With depressed power demand because of the niggling impact of the coronavirus pandemic, the consolidated net income of Aboitiz Power Corporation had dipped 32-percent to P3.3 billion in this year’s third quarter versus P4.8 billion in the same period in 2019. In the nine-month duration, the...
