DNL cautiously optimistic of prospects in 2027
Chemical maker D and L Industries Inc. is more hopeful about next year following the US midterm elections, which have raised hopes for an end to the Iran conflict, lower oil prices and a stronger peso. President Alvin Lao cited these as clear positives, though he warned that damaged supply chains, a severe El Niño and domestic political tensions remain key concerns.
ALLHC’s P62M Q3 profit limits nine-month earnings decline
AyalaLand Logistics Holdings Corp. (ALLHC) sharply improved its earnings in the third quarter, with net income of P62 million helping narrow its nine-month profit decline to 9 percent as industrial lot sales gained traction and cold storage operations expanded.
Weak peso raises PLDT project costs; demand, dollar revenue provide offset
PLDT Inc. says the sliding Philippine peso is driving up costs for its information and communications technology projects, especially those that rely heavily on imported gear and materials.
Port of Plaridel upgrade complete, strengthens Mindanao-Visayas maritime link
The Philippine Ports Authority (PPA) has finished development and improvement works at the Port of Plaridel in Misamis Occidental, boosting maritime connectivity between Northwestern Mindanao and key Visayas destinations such as Siquijor, Bohol, and Cebu.
NFA doubles palay price purchase limit, raises buying price to boost farm incomes and secure supply
The National Food Authority (NFA) has significantly increased the price it pays for palay and more than doubled the volume it can buy from individual farmers, a key policy move meant to lift farm earnings and build up government rice reserves as the country faces potential weather challenges from El Niño.
