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GSIS posts 1Q net income of P37 billion

Banking & Insurance Context.ph Context.ph -
The Government Service Insurance System (GSIS) on Wednesday reported net income of P37 billion in the first three months this year, a 21 percent...

PXP eyes new oil and gas projects as West Philippine Seas dispute rage

Energy & Mining Context.ph Context.ph -
PXP Energy Corp., a listed upstream oil and gas company, said Wednesday it will pursue the development of natural gas prospects around Cebu as well as assess other oil and gas projects within the country as territorial dispute in the West Philippine Sea prevents it from pursuing exploration and drilling activities in the area.

LPG sales fuel net income of Pryce Corp. higher in 1Q

Corporate Context.ph Context.ph -
Liquefied petroleum gas sales, used mainly for cooking, fueled the nearly 40 percent gain in the net income of Pryce Corp. in the  first quarter to P713.7 million.

SM Prime sets P100 billion capex, declares P10 billion cash dividend

Corporate Context.ph Context.ph -
SM Prime Holdings Inc., the property development arm of the Sy Group, said Tuesday it is looking at a P100 billion for capital spending to support various programs for this year and sustain growth.

SM Prime defers coming out with its own REIT

Corporate Context.ph Context.ph -
Shopping mall operator SM Prime Holdings Inc. ruled out the establishment of its own real estate investment trust (REIT) this year citing unfavorable market conditions. 
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Mixed fuel price adjustments for second straight week: lower diesel, higher gasoline and kerosene 

Energy & Mining 0
For the second week in a row, Filipinos will see mixed changes in fuel prices starting Tuesday. The Department of Energy confirmed Monday that gasoline will go up by P1.56 per liter and kerosene by P1.77 per liter, while diesel will drop by a bigger P3.01 per liter. As of Tuesday morning, only Seaoil has officially announced these new rates, matching the adjustments noted by the DOE. Last week, gasoline rose P1.93 per liter, kerosene P3.30 per liter, and diesel dipped P1.30 per liter.

DICT chief Aguda vows smooth transition amid resignation, continuity of digital programs ensured

Communications & Technology 0
Department of Information and Communications Technology (DICT) Secretary Henry Aguda has committed to a seamless handover following his resignation, assuring the public that key digital programs and department operations will continue without disruption.

ERC approves Negros Power’s P3.73B investment plan to boost power services

Energy & Mining 0
The Energy Regulatory Commission (ERC) has given the green light to Negros Electric and Power Corp.’s (NEPC) P3.73 billion capital expenditure program from 2024 to 2026, paving the way for major upgrades across its service areas in Central Negros.

Philippines targets $57 million agri-investments at Rome forum

Agriculture 0
The Philippines is pitching for more than $57.4 million in new investments across five key farm and food sectors at this week’s Hand-in-Hand Initiative Investment Forum in Rome, according to the Food and Agriculture Organization (FAO). The push builds on the country’s first national investment forum held in March, and marks a major shift toward drawing in private and international financing instead of relying only on traditional aid.
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