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CBK hydro privatization bidding moved to end-June

The privatization schedule of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant complex in Laguna has been officially moved to the end of June this year, according to the Power Sector Assets and Liabilities Management Corp. (PSALM). The revised timeline was confirmed in a statement over the weekend, marking a two-week delay from the original June 16 deadline.

High interest rates hit DMCI sales, push strategic pivot

DMCI Homes Inc., the property development unit of DMCI Holdings Inc., is seeing a marked increase in unsold condominium units due to a surge in buyer cancellations, prompting a strategic shift toward ready-for-occupancy (RFO) and rent-to-own offerings.

Globally-backed MRT-4 Project moves forward with international consultancy market call

The Department of Transportation (DOTr) is inviting both local and international consultancy firms to participate in a market engagement conference for the project management consultancy (PMC) services of the highly-anticipated Metro Rail Transit Line 4 (MRT-4) Project, marking a significant step in the commercial rollout of one of the Philippines' flagship mass transit initiatives.

Nueva Vizcaya named Philippine ginger capital 

The Department of Agriculture has officially declared Nueva Vizcaya as the “Ginger Capital of the Philippines,” signaling a more focused government effort to channel resources toward boosting the production of this high-value crop in the Cagayan Valley region.

Construction activity picks up in March

The Philippines saw a modest rise in construction activity in March 2025, as approved building permits reached 14,973, up 3.4 percent from 14,477 in the same month last year, according to the Philippine Statistics Authority. 

Just in

Shell Pilipinas narrows Jan-Sep net loss to P929M on Q3 profit

Shell Pilipinas Corporation narrowed its net loss to P929 million in the first nine months of 2026 from P2.7 billion at the end of the first half, as it returned to positive core earnings in the third quarter.

El Niño agricultural damage hits nearly P10B, threatening food security and farm incomes

Damage to Philippine agriculture from the ongoing El Niño weather anomaly has climbed to P9.99 billion as of November 11, according to the Department of Agriculture (DA), rising more than 16 percent from the P8.57 billion reported just three weeks ago. This growing toll underscores serious risks to farm output, farmer livelihoods, and national food security at a time when authorities warn the dry spell could worsen into next year.

Alliance Select posts $11.37M loss as revenues slide 

Tuna processor and exporter Alliance Select Foods International Inc. swung to a consolidated net loss of USD11.37 million in the first nine months of 2026 from a USD2.36-million profit a year earlier, as lower fish supplies, elevated raw material costs, and earthquake-related damage weighed on operations.

Empire East nine-month net income drops 26% on weaker real estate sales

Empire East Land Inc. reported Wednesday that its net income for the first nine months of 2026 fell 26 percent to P452.89 million, down from P618.05 million in the same period a year earlier, dragged down by lower consolidated revenues.
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