DMCI profit falls amid business transition
Diversified engineering conglomerate DMCI Holdings reported a 27 percent drop in second-quarter net income to P4.0 billion from P5.5 billion a year ago, as weaker results from its coal, real estate, and construction units offset gains in other segments.
Crops, poultry drive 2Q agriculture growth to 5.7%–PSA
The value of agricultural and fisheries production rose to P437.53 billion in the second quarter, up 5.7 percent from the same period last year, buoyed by stronger crop and poultry output. In contrast, livestock and fisheries production slipped during the April to June period.
Unemployment rises in June to 3.7% —PSA
The Philippines’ unemployment rate in June rose to 3.7 percent, up from 3.1 percent a year earlier, according to the latest Labor Force Survey released Wednesday by the Philippine Statistics Authority (PSA).
PPA to start construction of P2B cruise port in Boracay—Aklan Gov
Construction of a P2-billion cruise ship berth is set to begin in the last quarter of the year, Aklan Governor Jose Enrique Miraflores announced, as part of efforts to boost tourism on this world-renowned island.
Metrobank nets P24.8B in 1H on solid performance across segments
Metropolitan Bank & Trust Co. (Metrobank) booked a net income of PHP24.8 billion in the first half of the year supported by healthy loan...
