ERC determines higher-than-permissible NGCP MAR over four years; likely refund looms
The Energy Regulatory Commission (ERC) has determined a much lower value in the maximum allowable revenue (MAR) permitted of the National Grid Corporation of the Philippines (NGCP) for the years 2016 through 2020.
DNL income narrows 29% over 9 months
Chemical manufacturer D and L Industries Inc. on Wednesday said its income narrowed 29 percent over nine months this year to P1.79 billion from last year’s P2.54 billion as a result of a tougher business environment, the lingering effects of high inflation and incremental expenses related to the commercial operations of its new Batangas plant.
Exuberant spirits, beer sales push SMFB 9-month income 4% higher
San Miguel Food and Beverage Inc. on Wednesday reported brisk beer and spirits sales in the first nine months that boosted income by 4 percent to P27.5 billion from last year’s P26.34 billion.
Study urges government to explore cashew potential
A study led by the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA) is urging government to explore the potential of cashew fruits to boost farmer income.
Resilient residential market push 9-month Ayala Land income 38% higher
Property developer Ayala Land Inc. on Wednesday reported income rising 38 percent in the first nine months this year to P18.39 billion from only P13.34 billion a year ago, courtesy of a resilient residential market and vibrant consumer activity despite the ongoing macroeconomic challenges.
