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Fuel price cuts ease motorists’ burden amid global market events

Energy & Mining Context.ph Context.ph -
In a welcome development for motorists, the various fuel retailers have rolled back the cost of petroleum products starting Tuesday. Diesel prices ease by P0.20 per liter while kerosene prices are reduced by P0.40 per liter. However, gasoline prices remain steady.

PITX projects serving landmark 200M passengers by mid-year

Transport & Logistics Context.ph Context.ph -
The Parañaque Integrated Terminal Exchange (PITX), the country's leading intermodal landport, is projected to surpass the 200 million passenger mark by the second quarter of 2025. This milestone underscores the terminal’s dominant position within the transportation infrastructure, with a steady increase in passenger traffic year after year.

Globe to boost connectivity in remote areas with 100 new GIDA sites in 2025

Corporate Bulletins Context.ph Context.ph -
Globe Telecom Inc. has announced plans to extend its network coverage to an additional 100 geographically isolated and disadvantaged areas (GIDAs) by 2025, marking a significant step in improving connectivity across underserved regions in the Philippines.

MGEN secures landmark investment for renewable future

Corporate Context.ph Context.ph -
MGEN Renewable Energy, Inc. (MGreen), through its subsidiary SP New Energy Corporation (SPNEC), has successfully concluded a deal with Actis Rubyred (Singapore) Pte. Ltd. for a 40 percent equity stake in Terra Solar Philippines, Inc. (MTerra Solar). 

Converge reports robust 2024 earnings growth, steps up innovation

Corporate Context.ph Context.ph -
Converge Information and Communications Technology Solutions Inc., the Philippines’ leading pure-play high-speed fixed broadband operator, saw net profit last year rise 19 percent to P10.8 billion, a net income margin of 26.6 percent. 
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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.

Port of Plaridel upgrade complete, strengthens Mindanao-Visayas maritime link

Transport & Logistics 0
The Philippine Ports Authority (PPA) has finished development and improvement works at the Port of Plaridel in Misamis Occidental, boosting maritime connectivity between Northwestern Mindanao and key Visayas destinations such as Siquijor, Bohol, and Cebu.
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