ACEN profit slides as renewable output surges
ACEN Corp., the renewable energy arm of the Ayala Group, reported a sharp drop in net income for 2025 as weaker power prices, weather disruptions, and asset impairments weighed on earnings despite strong growth in renewable energy output.
Transport chief orders arrest of drivers who overcharge passengers
The Department of Transportation (DOTr) has ordered stricter enforcement against public utility vehicle drivers who overcharge passengers as fuel prices continue to rise.
Manulife keeps watch on Middle East conflict, sees strong start in PH
The Manufacturers Life Insurance Co. (Phils.) Inc. on Monday said it is still assessing the impact of the ongoing regional war in the Middle East on its business in the Philippines.
New Davao cold chain hub aims cutting food losses
A newly-opened cold storage facility in Davao City aims to cut post-harvest losses and strengthen the Philippines’ food supply chain, its developers said, as the country pushes to modernize agricultural logistics.
Chinese-Filipino business group eyes growth despite oil shock
Leaders of the Federation of Filipino Chinese Chambers of Commerce and Industry Inc. are turning cautiously optimistic on the Philippine economy, even as geopolitical tensions threaten to drive global oil prices higher.
