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STI Holdings bounces back in 1Q, bolstered by surged in enrollment

STI Holdings said Tuesday it rebounded in its first quarter ended 30 September booking a net income of P19.8 million after a loss of P47.6 million in the same period last year, driven to the black by strong growth in enrollment.

Century Properties completes buy out of Japan’s Mitsubishi from PHirst

Century Properties Group said Tuesday it has fully acquired PHirst, its first-home residential venture, buying out Japan’s Mitsubishi Corp. five years after forming the joint venture. Mitsubishi previously held 40 percent stakes in two PHirst units.

Barely enough power for industry, households forecast in 2024

Power industry leaders have warned of inadequate power supply next year, saying there is barely enough for the country' requirements given no new power plants coming online anytime soon.

Diesel, kerosene prices up after three straight weeks of rollback

After three weeks of price rollbacks, fuel retailers are raising the cost of diesel and kerosene again beginning Tuesday. Seaoil has increased its per liter price...

CPG forecasts 2024 to be even better for affordable housing

Property developer Century Properties Group Inc. projects 2024 to be an even better year for the company as its affordable housing business continues to exhibit rapid growth.

Just in

Meralco strengthens earthquake readiness via full-scale drills

When the ground shakes, readiness cannot remain on paper. For Manila Electric Co. (Meralco), preparedness means putting plans, people, technology, and partnerships through their paces—before a real emergency does.

Philippines export streak hits 35-year high momentum

The Philippines’ export boom is showing signs of staying power, with merchandise shipments climbing 27.8 percent in August to USD9.11 billion—the highest monthly level in 35 years, the Department of Trade and Industry said.

SMPC rightsizes workforce; seawater inflows curb Acacia mine operations

Semirara Mining and Power Corporation (SMPC) is adjusting its workforce as persistent and rising seawater ingress restricts activity at its Acacia mine, with flows now overwhelming existing pumping capacity.

Blu Girls’ Asian Games medal wait continues

The Philippine Blu Girls will have to wait a little longer for their first Asian Games softball medal after Chinese Taipei turned Saturday's bronze-medal match into a three-inning rout.
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