ALLHC’s P62M Q3 profit limits nine-month earnings decline
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
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
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.
NFA doubles palay price purchase limit, raises buying price to boost farm incomes and secure supply
The National Food Authority (NFA) has significantly increased the price it pays for palay and more than doubled the volume it can buy from individual farmers, a key policy move meant to lift farm earnings and build up government rice reserves as the country faces potential weather challenges from El Niño.
DA grants FTI 25-year rights over Quezon land for mega food hub
The Department of Agriculture has granted Food Terminal Inc., or FTI, a 25-year usufruct right to use 30 hectares of government land in Tiaong, Quezon, clearing the way for the development of a major new facility designed to boost the country’s food supply chain.
