Monde Nissin narrows losses to only P625 million in 2023
Monde Nissin Corp., makers of Lucky Me! Noodles and the popular Skyflakes crackers, still reported a loss after tax of P625 million in 2023, sharply lower than prior year’s loss of P13.01 billion attributed to the non-cash, non-operating impairment of assets in its vegetable meat business.
Installed capacity still led by coal grew by a meagre 0.12% in 2023
The country’s installed capacity at the grid grew by a meager 0.12 percent in 2023 compared to 2022, with coal still dominating the power mix, data from the Department of Energy (DOE) show.
NFA Council OKs higher buying price for palay
The National Food Authority Council on Thursday approved a higher buying price range for palay to give the government corporation the flexibility to compete with private traders in securing supply and help rice farmers earn more from their harvest.
BPI unveils Philippines’ first-ever mobile food testing laboratory
The Bureau of Plant Industry (BPI) on Thursday inaugurated Thursday the first-ever Mobile Plant Food Safety Laboratory that will help ensure that food consumed by Filipinos are clean and safe.
Jobless rate in February declines to 3.5 percent; services sector provides bulk of new jobs
The unemployment rate in the country declined in February to 3.5 percent, equivalent to 1.8 million Filipinos, compared with the level in January and in February last year, the Philippine Statistics Authority said Thursday.
