The latest
Corporate
Ayala Land cuts spending as profits drop
Ayala Land Inc. said it will reduce its capital spending this year to P50 billion, down by more than a third from its earlier plan of P70 billion to P80 billion, as earnings declined.
Corporate
RRHI profit drops 35% in Q1 on higher costs
Robinsons Retail Holdings Inc. (RRHI) reported a 35 percent drop in net income for the first quarter, falling to ₱489 million from ₱759.78 million a year earlier, mainly due to higher interest expenses linked to its reacquisition of shares from DFI Group.
Energy & Mining
Fuel prices seen rising again next week
A local fuel retailer said gasoline and diesel prices iare likely to increase again next week due to ongoing tensions between the United States and Iran.
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