Tag: MacroAsia

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MacroAsia Mining clears key hurdle for nickel project

MacroAsia Mining Corp. (MMC), a wholly owned subsidiary of MacroAsia Corp. (MAC), has secured a major regulatory green light for its Infanta Nickel Project after the Mines and Geosciences Bureau (MGB) approved its declaration of mining project feasibility.

MacroAsia breaks ground on aviation hub

MacroAsia Corp. (MAC), through its majority-owned unit MacroAsia Airport Services Corp. (MASCORP), has begun construction of a new six-story headquarters aimed at strengthening its aviation services operations, following a formal groundbreaking ceremony held today.

MacroAsia 3Q profit up 9%, eyes strong 4Q

MacroAsia Corp., a listed unit of the Lucio Tan Group, reported a 9 percent rise in consolidated net income to up P384.3 million in the third quarter of 2025, powered by higher aviation service volumes, solid catering recovery, and steady water operations.

New Earth breaks ground on Iloilo water project

New Earth Water System Inc., a wholly owned subsidiary of Boracay Tubi System, Inc. (BTSI), has officially broken ground on the New Earth Iloilo Water Supply Project, a major infrastructure initiative aimed at addressing Iloilo’s growing demand for clean, reliable water.

MacroAsia unit breaks ground on P1.2B cold storage, commissary project

MacroAsia Corp. said its 67%-owned subsidiary MacroAsia SATS Food Industries Corp. broke ground on Thursday, August 7, to kick off the construction for its P1.2 billion Cold Storage and Commissary Expansion Project.

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Monde Nissin trims capex, targets premium noodle market growth

Monde Nissin Corp. has reduced its 2026 capital expenditure budget to P5.4 billion from about P6.5 billion, prioritizing a new biscuit manufacturing plant in Northern Luzon as it navigates softer noodle volumes and intensifying competition from premium imports.

ERC issues show cause orders against power firms over excessive unplanned outages

The Energy Regulatory Commission (ERC) has stepped up its drive to keep electricity supply steady, issuing 24 show cause orders to 13 power generation companies whose facilities repeatedly went offline beyond allowed limits. Released on October 14, 2026, these orders require the firms to submit verified explanations on why their units exceeded the allowable equivalent unplanned outage limits set under existing reliability rules.

AyalaLand Logistics 3Q income trims Jan-Sep net profit decline

AyalaLand Logistics Holdings Corp. (ALLHC), the industrial property and logistics unit of Ayala Land Inc., reported a 9 percent decline in nine-month net income to P73 million, as weaker industrial lot sales and softer commercial leasing offset stronger warehouse and cold storage revenues.

Quorn turnaround boosts Monde Nissin earnings, dividend payout

Monde Nissin Corp. returned its struggling Quorn meat-free protein business to operating profitability in the first nine months of 2026, helping lift group earnings and giving the food manufacturer room to raise its cash dividend.

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