Cemex Holdings Philippines Inc., a listed cement manufacturer, said Friday rising operating cost and lower cement sales in the third quarter resulted in a wider net loss of P583 million compared with a P552 million loss in the same period last year.
Foreign investors, the short-dated variety in this case, proved skittish in the first nine months this year when they pulled out $9.67 billion worth of investments and left for elsewhere, according to the Bangko Sentral ng Pilipinas.
The Department of Energy (DOE) assures the public of the availability of power supply across the country before, during and after the scheduled Barangay and Sangguniang Kabataan elections on Monday.
West Zone concessionaire Maynilad Water Services Inc. bared plugging more than 27,000 pipe leaks as of the third quarter this year, bringing the total leak repairs to 485,319 since its re-privatization in 2007.
The peso is likely to stay under pressure after breaking the 60:$1 mark, with volatility risks skewed to the upside, according to analyst Michael Ricafort. The currency closed at a record P60.10 on March 19 as renewed Middle East tensions drove oil prices higher—fueling inflation concerns and widening the country’s trade gap.
Fuel prices across the country are expected to rise sharply this week, with diesel likely to see another double-digit increase, according to a local fuel retailer.
The Bureau of Customs’ 2025 lists of top importers at the Port of Batangas and the Manila International Container Port (MICP) reveal more than a split in economic roles—they show how location dictates the direction, speed, and cost of trade.
Fiber broadband provider Converge ICT Solutions Inc. announced it has completed its National Digital Infrastructure, a major network designed to support advanced technologies and boost the country’s role in the global digital economy.