DA rejects USDA’s ‘exaggerated’ 5.4M MT rice import forecast
The Department of Agriculture (DA) on Tuesday rejected U.S. Department of Agriculture (USDA) projections that the Philippines will likely require record rice imports of 5.4 million metric tons (MT) this year, calling the forecast “exaggerated.”
Metro Retail sees profit slump despite sales growth
Metro Retail Stores Group Inc. (MRSGI) reported a sharp 73 percent decline in first-quarter net income to ₱13.4 million from ₱50.3 million year-on-year, as the company absorbed higher non-cash expenses tied to its ongoing expansion program.
Digital shift fuels MGen’s energy strategy
Meralco PowerGen Corp. (MGen), the power generation arm of Manila Electric Co. (Meralco), is advancing its shift toward technology-driven energy solutions as part of its strategy to optimize operations and scale renewable energy capacity.
New Ayala Land hub in Cavite reports swift uptake on launch day
Ayala Land Inc. on Tuesday reported that Southmont Central, the newly launched commercial hub within the Southmont estate in Cavite, achieved a 43 percent sell-through rate on its first day of sale, underscoring robust investor confidence in the area’s growth potential.
Manila Water eyes eco-friendly gains with ₱13-M project
Manila Water Co. Inc. announced Tuesday that its ₱13-million wastewater recovery upgrade at the Cardona Water Treatment Plant in Rizal is set for completion by September, a move that promises long-term benefits for consumers through enhanced water sustainability and improved service reliability.
