ACEN posts sharp profit drop despite renewable output growth
ACEN Corp., the energy platform of Ayala Corp., reported an 88 percent year-on-year decline in consolidated net income to ₱763 million in the first half of 2025, sharply down from ₱6.29 billion in the same period last year.
Petron reports profit dip amid geopolitical, market headwinds
Petron Corp. reported an 11.9 percent year-on-year drop in net income for the first half of 2025, falling to ₱5.3 billion from ₱6.02 billion in the same period last year. The decline underscores the impact of weaker global oil prices and reduced trading activity, particularly at its Singapore operations.
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).
