The Philippine Energy Efficiency Alliance (PE2) is optimistic about the future of energy efficiency and conservation (EEC) projects in the country following the Department of Energy's (DOE) launch of the first province-wide workshop on the formulation of Local Energy Efficiency and Conservation Plans (LEECP) in Iloilo.
Average rates on treasury bills drifted lower at the auction Monday as demand continued to increase after the central bank confirmed its commitment to further monetary policy easing this year.
The Department of Agriculture (DA) is considering reconvening with local pork stakeholders as it grapples with low compliance rates following the implementation of the maximum suggested retail price (MSRP) for pork in the National Capital Region’s wet markets.
The First Philippine Industrial Park, an economic zone developer led by the Lopez Group, recently broke ground in Agoncillo, Batangas to mark the launch of the Sulong Batangas housing project.
San Miguel Corporation (SMC) reported a significant 18 percent drop in net income for 2024, totaling P36.7 billion, down from P44.69 billion in 2023. Despite the decline in income, the company achieved a 9 percent increase in revenue, reaching P1.6 trillion, driven by higher sales across its core businesses, including power, spirits, fuel, and oil.
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.
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.
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.
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.