PXP Energy Corp., a publicly listed oil and gas exploration firm, reported a first-quarter net loss of P9.4 million, significantly wider than the P2.6 million loss posted during the same period last year.
Global logistics firm DHL Express has opened a new service point at Manila Light Rail Transit Line 1’s Redemptorist Station, strengthening its push to bring international shipping closer to Metro Manila’s daily commuters and small businesses.
Megaworld Corp., the property development arm of billionaire Andrew Tan, raised fresh capital after selling a portion of its holdings in real estate investment trust, MREIT Inc., through a block sale that raised P945 million.
A four-day compressed workweek could deliver meaningful savings for Filipino workers, but the policy may also dent earnings in the country’s public transport sector, according to the Philippine Chamber of Commerce and Industry (PCCI).