Tag: New Clark

Shell Pilipinas Corporation narrowed its net loss to P929 million in the first nine months of 2026 from P2.7 billion at the end of the first half, as it returned to positive core earnings in the third quarter.

Damage to Philippine agriculture from the ongoing El Niño weather anomaly has climbed to P9.99 billion as of November 11, according to the Department of Agriculture (DA), rising more than 16 percent from the P8.57 billion reported just three weeks ago. This growing toll underscores serious risks to farm output, farmer livelihoods, and national food security at a time when authorities warn the dry spell could worsen into next year.

Tuna processor and exporter Alliance Select Foods International Inc. swung to a consolidated net loss of USD11.37 million in the first nine months of 2026 from a USD2.36-million profit a year earlier, as lower fish supplies, elevated raw material costs, and earthquake-related damage weighed on operations.

Empire East Land Inc. reported Wednesday that its net income for the first nine months of 2026 fell 26 percent to P452.89 million, down from P618.05 million in the same period a year earlier, dragged down by lower consolidated revenues.