Lower nickel price, losses on investments hurt Nickel Asia earnings
Nickel Asia Corp., a listed mining firm, reported a sharp drop in first-quarter net income to P202 million from P970 million in the year-earlier period on account of a drop in nickel prices and continuing loss on its investments in two high-pressure acid leach plants.
AREIT earnings lift from acquisitions; declares P1.33 billion in profit as dividend
New acquisitions and better-than-industry occupancy rate drove net income of AREIT Inc. in the first quarter 45 percent higher to P1.47 billion, excluding the net fair value change in investment properties.
Not a drop of water in Cagayan de Oro since Tuesday
The continued refusal by the Cagayan de Oro Water District (COWD) to acknowledge and pay outstanding obligations to the water concession holder, Cagayan de Oro Water District) (COBI), finally compelled the utilities company to shut off the water mains, leaving hapless residents and business entities without the critical service.
Banking, power, real estate lift up Filinvest Development 1Q net income
Filinvest Development Corp., the listed investment holding arm of the Gotianun Group, reported Wednesday a 36 percent jump in first-quarter net income to P2.9 billion on the back of strong performances of its banking, power and real estate ventures.
OMB reinstates 72 NFA personnel
The Ombudsman on Tuesday ordered the reinstatement of 72 warehouse supervisors of the National Food Authority, who the anti-graft body suspended in March in connection with the agency’s sale of rice buffer stocks to private traders without public bidding and sans approval of the NFA Council.
