PAL soars with 62% gain 3Q earnings
Philippine Airlines Inc. posted a 62 percent year-over-year jump in third-quarter net income to USD22 million, signaling the flag carrier’s resilience amid ongoing strategic transformation that has started to drive volumes and passenger traffic higher.
Manila Water takes full control of Upper Wawa Dam
Manila Water has strengthened its commitment to providing reliable water service across the East Zone after officially taking over operations of the Upper Wawa Dam in October. The move follows the company’s full acquisition of WawaJVCo from Prime Infra, bringing all operations of the Wawa Bulk Water Supply Project under Manila Water’s management.
Shell Pilipinas profits surge, cash flows strong
Shell Pilipinas Corp., the second largest oil company in the country, fired up its performance in the first nine months of the year, booking core earnings of P2.5 billion, up 10 percent year-on-year. That pushed net income to P1.3 billion, higher by 33 percent from the same period last year.
ACEN approves more funds for local projects
ACEN Corp. has approved additional funding for its local exploration project and for the planned Camarines offshore wind project being developed with Copenhagen Infrastructure Partners (CIP).
Gov’t hosts global meet on migratory bird conservation
The Philippines is hosting the 12th Meeting of Partners (MOP) of the East Asian–Australasian Flyway (EAAF) Partnership for the first time since the program began in 2006, the Department of Environment and Natural Resources (DENR) announced Monday.
