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DoubleDragon expanding global reach to spread income stream

DoubleDragon Corp. said Wednesday its investment overseas is meant to diversify its earnings source, reducing income dependence on one country in the long haul.

Maynilad reactivates deep wells, adding 19.38 MLD to existing supply

West Zone concessionaire Maynilad Water Services Inc. has completed the reactivation of 20 deep wells that now allows it to supply an additional 19.38 million liters per day (MLD) of potable water to businesses and households.

Bulk of MPIC 9-month income delivered by its power generation arm

Metro Pacific Investments Corp., only recently delisted, reported core income rising 37 percent in nine months to P16.2 billion from only P11.8 billion last year.

Mandatory engine inspections compel Cebu Pacific to consider wet aircraft leases

Cebu Pacific on Tuesday bared considering a wet lease agreement with aircraft charter company Bulgaria Air as the number of grounded aircraft with engine issues around the globe steadily rises. 

3Q foreign investment pledges more than double to P27.30B

The Philippine Statistics Authority said Tuesday total foreign investments pledges approved by investments promotion agencies in the third quarter more than doubled to P27.30 billion from P13.05 billion in the same quarter last year.

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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