Having posted record sales of roughly 9.0% in the first half and with cash stream from additional generated capacities, power utility giant Manila Electric Company (Meralco) has scaled up its profit goal to P43 billion for the entire year from its initial target of P40 billion. Meralco Chairman...
Car sales increased in the first six months of the year with both the passenger car and commercial vehicle segments experiencing growth. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) revealed that total...
While the intention of the Land Transportation Office (LTO) to penalize the unregistered sale or mortgage of vehicles is laudable, Sen. Grace Poe said that it must have a clear policy for a polished execution. "The agency needs to ensure that the systems are in place for a smooth rollout of the...
The upturn in sales had propelled 16 percent rise in the first quarter net income of leading player Petron Corporation to P3.93 billion from last year’s three-month outcome of P3.4 billion. Petron indicated that the profitability climb had been registered across operational chains of the...
As coal prices in the world market cooled, the net income of Semirara Mining and Power Corporation (SMPC) dropped 28% to P6.5 billion within first quarter this 2024 from a relatively robust P9.0 billion earnings in the same three-month period last year. “Global coal indices declined due to weak...
Propelled by energy sales that have been escalating beyond 10% within the stretch of the sweltering El Niño weather condition, power utility giant Manila Electric Company (Meralco) is favorably looking to end the year with core income jump to P40 billion from P37.1 billion in 2023. The company’s...
K-pop acts swept global album sales in 2023, capturing 19 of the top 20 positions led by boy band Seventeen. The International Federation of the Phonographic Industry (IFPI), which represents the recorded music industry worldwide, announced three additional Global Album Charts, highlighting...
The scale of profitability for Shell Pilipinas Corporation had slowed down to P2.1 billion in this year’s three quarters from a healthier bottom line of P4.4 billion in a comparative period in 2022. The company said its nine-month income had gone up compared to the first half turnout of...
Uptrend in sales had propelled 16% income escalation for leading oil firm Petron Corporation to P9.5 billion within this year’s January to September stretch versus a leaner bottom line outcome of P8.2 billion within a comparative period last year. The company emphasized that its “strong volume...
ENJOY BEFORE YOU FLY Sheraton Manila near NAIA 3 provides world-class Filipino hospitality The September Online Sale (2023) is back this year with its biggest edition ever—a month-long event that invites travelers across the Philippines to fall in love with the country’s beautiful destinations...
GUINAYANGAN, Quezon – A 53-year-old sales agent was shot dead allegedly due to a land dispute on Friday evening, September 1, in Barangay Gapas, here. Police identified the victim as Federico Tarusan of Barangay Gapas. Investigation said the victim was about to ride his motorcycle when the...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has fetched additional P16.76 billion worth of proceeds from the divestment of the power assets previously owned by its precursor-firm National Power Corporation. In a presentation to Congress, PSALM President and CEO...
