Buoyed by gradual rebound in electricity demand in the Luzon grid, the consolidated net income attributable to parent firm of AC Energy Corporation (ACEN) jumped 22 percent to P4.3 billion within nine-month period this year from P3.5 billion in a parallel timeframe last year. On stream of revenues,...
State-run Philippine Amusement and Gaming Corp. (Pagcor) posted a contraction in revenues in the first nine-months of the year, missing its target for the period. Based on the Pagcor’s third-quarter budget performance report, its income from gaming operations declined by 0.21 percent to P22.28...
Editorial It was more than a year ago since the Duterte Administration pronounced for the first time that it wants to gain more out of the mining industry, something that was highly improbable then, until Executive Order (EO) 130 was issued six months ago. It turns out that the government is...
Philippine Airlines (PAL) expects to be out of Chapter 11 before this year ends and remains optimistic it will survive and "fly long into the future", although travel demand won't return to pre-pandemic levels until 2024-2025. pal-aircraft_316x210px The flag carrier, which filed for bankruptcy in...
Higher volumes at Asian Terminals Inc. (ATI)' s international gateway ports in Manila and Batangas boosted the operator's revenues for the first six months of 2021 by 8.2% to P5.47 billion versus the same period last year. ati_headoffice However, ATI's net income dipped 2% to P1.13 billion due to...
The 18-km elevated Skyway Stage 3 will be a no-truck zone dedicated to Class 1 vehicles with Autosweep RFID stickers starting Monday, July 12, 2021, This should address safety concerns on the elevated expressway, at the same time, limit the risk of a spread of variants of the COVID-19 virus, San...
President Duterte has signed an executive order that delegates the basic services and facilities from the national government to the local government units (LGUs) starting 2022, the Department of the Interior and Local Government (DILG) disclosed on Saturday, June 5. But DILG Secretary Eduardo Año...
Riding on fiscal year 2020's strong subscriber growth, pure-play high-speed fixed broadband operator, Converge Information and Communications Technology Solutions, Inc., hauled in P9.14 billion revenues, up 71 per cent from the preceding year's P9.14 billion. The company's net income also grew to...
