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Global Ferronickel reports 59.5% profit decline in 2024

Corporate Context.ph Context.ph -
Global Ferronickel Holdings Inc. (FNI) has reported a significant 59.5 percent drop in net income for 2024, reaching P733.78 million, down from P1.8 billion in 2023.

Basic Energy gets green light for 62MW Mariveles Solar Power project

Energy & Mining Context.ph Context.ph -
Basic Energy Corp. said Wednesday that the Department of Energy has granted the listed energy company a Certificate of Authority for the Mariveles Solar Power Project.

EEI announces management buyout deal

Corporate Context.ph Context.ph -
EEI Corp., a leading construction firm with a 93-year legacy, has announced a management buyout led by its president and chief executive officer, Henry D. Antonio. 

SteelAsia mill rated among world’s greenest

Corporate Bulletins Context.ph Context.ph -
SteelAsia’s plant in Calaca, Batangas has been certified as one of the greenest in the world in an independent report by DNV (Det Norske Veritas), a leading global assessment and certifying organization.

VITRO Inc, Nokia forge AI-driven data center alliance 

Corporate Bulletins Context.ph Context.ph -
VITRO Inc., the data center arm of PLDT Inc. in the Philippines, has entered into a strategic partnership with global telecommunications leader Nokia to develop AI-ready data center solutions aimed at bolstering network security, scalability, and operational efficiency.
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Fuel prices set for big drop this week 

Energy & Mining 0
Filipino households and businesses can look forward to significant relief at the pumps this week, with a major downward adjustment in fuel costs forecast following five consecutive weeks of mixed price trends.

DNL cautiously optimistic of prospects in 2027

Corporate 0
Chemical maker D and L Industries Inc. is more hopeful about next year following the US midterm elections, which have raised hopes for an end to the Iran conflict, lower oil prices and a stronger peso. President Alvin Lao cited these as clear positives, though he warned that damaged supply chains, a severe El Niño and domestic political tensions remain key concerns.

ALLHC’s P62M Q3 profit limits nine-month earnings decline

Transport & Logistics 0
AyalaLand Logistics Holdings Corp. (ALLHC) sharply improved its earnings in the third quarter, with net income of P62 million helping narrow its nine-month profit decline to 9 percent as industrial lot sales gained traction and cold storage operations expanded.

Weak peso raises PLDT project costs; demand, dollar revenue provide offset

Corporate 0
PLDT Inc. says the sliding Philippine peso is driving up costs for its information and communications technology projects, especially those that rely heavily on imported gear and materials.
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