NLEX Corp.& rsquo;s income fell 17% in 3 months
NLEX Corp. said net income dropped 17 percent in the first three months of the year due to manpower reduction program and expenses related to installation of RFID to all vehicles as mandated by the government......»»
First Gen income up 4 percent to P15.4 billion in 2023
Lopez-led power firm First Gen Corp. grew its income by four percent to P15.4 billion in 2023, from the previous year’s profit of P14.3 billion, mainly due to contributions from its geothermal subsidiary Energy Development Corp......»»
Jollibee invests $28 million in beverage tech firm
Filipino-owned Asian food conglomerate Jollibee Foods Corp. is investing $28 million for a 10 percent stake in beverage technology company Botrista Inc. to support the growth of its coffee and tea business......»»
ANZ raises Philippine inflation forecast to 3.8% this year
ANZ Research hiked its inflation forecast for the Philippines to 3.8 percent this year, from 3.5 percent previously, as risks may drive inflation up to above the central bank’s two to four percent target in the coming months......»»
Baltimore Bridge collapse: Police had about 90 seconds to stop traffic before bridge fell
BALTIMORE — It was the middle of the night when a dispatcher’s warning crackled over the radio: A massive cargo ship had lost its steering capabilities and was heading toward the Francis Scott Key Bridge. Within about 90 seconds, police officers who happened to be nearby responded that they managed to stop vehicle traffic over.....»»
Companies State it Takes More Than 6 Months to Fill Cybersecurity Positions
The latest Kaspersky survey found that 48% of companies require over half a year to find a qualified cybersecurity professional. A lack of proven experience was cited as one of the biggest challenges, along with the high cost of hiring and global competition in talent acquisition. With global labor markets continuing to clamor for InfoSec […].....»»
RCBC to surrender trust license
Rizal Commercial Banking Corp. (RCBC) is looking to surrender its license to engage in trust and other fiduciary business as part of its efforts to make RCBC Trust Corp. a stand-alone trust entity......»»
JG Summit FY23 profit: P19.6-B (up 216%)
JG Summit, the Gokongwei Family’s diversified conglomerate, teased its FY23 financial results headlined by a 216% increase in the company’s net income to P19.6 billion......»»
Infants under six months most affected by pertussis — DOH
Latest data from the DOH showed there were 28 new pertussis infections, bringing this year’s total cases to 568. Of the figure, around 63% were infants below six months. .....»»
DOJ charges 2 alleged NPA financiers with terrorism financing
According to the DOJ, the case stemmed after reports that Dumlao and Tolentino possessed firearms and ammunition without a clear source of income or apparent purpose......»»
RCBC surrenders trust license
Rizal Commercial Banking Corp. has surrendered its license to engage in trust and other fiduciary business as part of its efforts to make RCBC Trust Corp. a stand-alone trust entity......»»
Father shoots son dead for disrespecting mom in Cebu City
CEBU CITY, Philippines – He was only requested to turn off the lights of his hut, but his disrespectful response to his mother’s order ultimately led to his death. The fatal shooting of a 28-year-old jobless man by his own father in Barangay Lahug, Cebu City on Monday night allegedly stemmed from months of constant.....»»
Newscast: Behind the headlines of GDC, a cautious sense of hope
The gaming industry faced its fair share of challenges in the past 18 months, and these were the hot topics of discussion at the recently.....»»
Upson International FY23 profit: P464-M (down 13.7%)
Upson International, the IT retailer primarily operating through the Octagon retail brand, teased its FY23 financial results headlined by a 13.7% dip in net income to P464 million......»»
Stewart Cink, 50, part of five-way tie for Valspar lead
(Photo credit: Kyle Terada-USA TODAY Sports) Fifty-year-old Stewart Cink shot a 4-under 67 to join a five-way tie for the lead at the Valspar Championship before play was suspended Friday in Palm Harbor, Fla. As the field endured rainy conditions at Innisbrook Resort's Copperhead Course, 20 golfers did not complete their rounds before darkness fell. They will resume their second rounds Saturday at 9 a.m. The five co-lea.....»»
Billions for commercial tuna industry, crumbs for fisherfolk
Months of investigation by Bulatlat revealed that the booming commercial tuna industry in General Santos City, dubbed the Philippines’ “tuna capital,” favors industrial scale commercial fishing fleets at the expense of the livelihood of thousands of ordinary fisherfolk. The post Billions for commercial tuna industry, crumbs for fisherfolk appeared first on Bulatlat......»»
Remove the chaff from the grains
Other than the questioned selling of the buffer stock of rice to traders, what’s happening at the National Food Authority (NFA)? With 132 of around 2,000 NFA officials and employees all around the country suspended for six months without pay, this agency attached to the Department of Agriculture (DA) is struggling to stay relevant in the over-all schemes of the government on food security......»»
PSALM expects P100 billion from CBK privatization
The Power Sector Assets and Liabilities Management Corp. (PSALM) is expected to generate as much as P100 billon from the privatization of the 796.46-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant complex in Laguna, bolstering the cash position of the cash-strapped state firm......»»
SMC OK to add MPTC Indonesia in joint venture
Diversified conglomerate San Miguel Corp. (SMC) is open to including the Indonesian segment of Metro Pacific Tollways Corp. (MPTC) in the planned merger of the toll road operators......»»
Cops on heightened alert, NLEX ready for Lenten break
Police units across the country are on heightened alert starting tomorrow, as part of security preparations for the safety of the public during the Holy Week break......»»
DILG, PNP preparing for Teves return
Both the Department of Justice and the Philippine National Police are making preparations to secure the detention of expelled Negros Oriental congressman Arnolfo Teves Jr. once he arrives from East Timor where he was arrested on Thursday after months in hiding......»»