Consunji-led diversified engineering conglomerate DMCI Holdings reported a three percent improvement in net income to P4 billion for the third quarter of 2024, from P3.9 billion in the previous year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the increase was driven by...
Pangilinan-led Metro Pacific Investments Corporation (MPIC) reported a 28 percent growth in consolidated core net income, hitting a record P20.8 billion in the first nine months of 2024, from P16.2 billion in the same period last year. In a statement, the firm said improved financial and operating...
Senator Raffy Tulfo confirmed on Wednesday, Nov. 6, that a senator's relative was the passenger of the sports utility vehicle (SUV) bearing plate number “7” that was caught using the EDSA busway and tried to run over a Department of Transportation (DOTr) enforcer. In a press conference, Tulfo,...
Razon-led International Container Terminal Services, Inc. (ICTSI) reported a 31 percent increase in attributable net income in the first nine months of 2024 to $632.6 million from $484.5 million in the same period last year on the back of higher operating income. In a regulatory filing on Tuesday,...
In an effort to expand its sewerage services in Parañaque City, Metro Manila West Zone concessionaire Maynilad Water Services Inc. is laying a new sewerage line that would benefit over 35,000 residents in the area. In a statement, Maynilad said it has invested P695 million to lay the sewage pipes...
As part of its ongoing commitment to sustainability, ACEN, through ACEN Shared Services (ACES), has taken a significant step toward responsible electronic waste (e-waste) management by turning over its e-waste to Integrated Waste Management (IWM), a subsidiary of AC Logistics. A first in the Ayala...
West Zone concessionaire Maynilad Water Services, Inc. and the Caloocan Local Government Unit (LGU) have signed a deal to boost water management and minimize water losses over the next three years. According to their signed memorandum of understanding (MOU), the LGU will issue permits for...
Senator Raffy Tulfo lauded the Land Transportation Office's (LTO) move to suspend the implementation of its new guidelines on vehicle ownership transfer through Administrative Order AO-VDM-2024-046. Sen. Raffy Tulfo presides over the Committee on Public Services hearing Wednesday, October 23,...
DoubleDragon Corporation’s planned bond offering of up to P10 billion has been assigned the highest issue credit rating of PRS Aaa, with a stable outlook, by Philippine Rating Services Corporation (PhilRatings). The firm is planning a P5 billion bond issuance with an oversubscription option of up...
Mindanao Container Terminal (MCT), the Cagayan de Oro port operation of International Container Terminal Services, Inc., received the inaugural call of MV Ever Core which links it to with key international markets in Hong Kong and Taiwan. The new bi-monthly service comes under a new joint...
Senator Raffy Tulfo has expressed concern over the various violations he encountered after a surprise inspection at Binangonan Port, Rizal where a motorbanca capsized last year and resulted to the deaths of 27 people. Senator Raffy Tulfo conducts a surprise inspection at Binangonan Port, Rizal....
Downward Philippine inflation in the near term would be slightly offset by the new law imposing 12-percent value added tax (VAT) on digital services, Singapore-based United Overseas Bank (UOB) said. In an Oct. 4 report, UOB senior economist Julia Goh and economist Loke Siew Ting noted that there is...
