San Miguel income rises 67% to P44.7 billion, revenue fall notwithstanding
San Miguel Corp. on Thursday reported net income in 2023 rising 67 percent to P44.69 billion from previous year’s P26.76 billion, notwithstanding a revenue decline owing to the tight prices in the oil market that impacted Petron Corp. and the performance of its power unit.
“Too much emphasis on rice and not much else for other equally important food sectors”
Government planners have put too much emphasis on rice when they crafted this year's budget allocation for the various agricultural sectors, and not much else for the other equally important sectors, the Philippine Chamber of Agriculture and Food Inc. (PCAFI) said on Thursday.
Cebu manufacturer generates a third of power requirement from solar
Cebu-based construction chemicals company Treasure Island Industrial Corp. (TIIC) has expanded its rooftop solar facility by 727 kilowatts at its manufacturing plant in Mandaue City in Cebu. The 11,000 square-meter rooftop facility is in partnership with Vivant Energy Corp. subsidiary, Corenergy.
Key PLDT units switching to renewable energy supplied by ACEN
PLDT Inc. on Thursday said 33 of its facilities in Greater Metro Manila are switching to renewable power supplied by ACEN's retail unit, ACEN Renewable Energy Solutions.
URC delivers double digit profit growth
Universal Robina Corp. (URC) sales for the year ended 31 December 2023 reached P158.4 billion, up 6 percent against a high base last year. Both the branded consumer foods (BCF) and the agro-industrial & commodities (AIC) businesses continued their momentum into the fourth quarter, growing sequentially versus the previous quarter.
