Corporate
Concepcion Industrial reports 57% Q4 growth, strong outlook
Concepcion Industrial Corp., a leading provider of consumer lifestyle and enterprise solutions, reported on Thursday a strong performance in the fourth quarter, when it posted a 57 percent year-over-year increase in consolidated net profit to P278.7 million.
JG Summit shuts down petrochemical operations amid losses
JG Summit Holdings Corp., led by the Gokongwei family, has decided to cease operations at its petrochemical business, JGSOC (JG Summit Olefins Corp.), citing persistent losses and unfavorable market conditions in the global petrochemical industry.
Moderna shares struggle as earnings outlook weakens
Shares of biotechnology company Moderna Inc., which are listed on the NASDAQ, continued to struggle on declining demand for its COVID-19 vaccine, which drove its revenue in 2021 and 2022 and helped propel it to prominence during the pandemic.
PITX launches electric shuttle service to MOA
The Parañaque Integrated Terminal Exchange (PITX) has launched an electric shuttle service in collaboration with GET Philippines, Inc. for a sustainable and convenient transport option for commuters traveling between PITX and the SM Mall of Asia (MOA) complex.
VICT enhances sustainability with hybrid container carriers
The Victoria International Container Terminal (VICT) at the Port of Melbourne onThursday announced the acquisition of four hybrid automatic container carriers (ACCs) from Kalmar, marking a significant step in its ongoing expansion and sustainability efforts. Operated by International Container Terminal Services, Inc. (ICTSI), VICT’s investment in these advanced carriers underscores its commitment to improving capacity while reducing environmental impact.
