Vince Perez-led Alternergy cleared to explore wind resources in northern Mindoro
Alternergy, through its unit Pililla AVPC Corp. (PACO), has been granted exclusive rights to explore, develop and utilize the Calavite passage wind resources in Northern Mindoro.
SMIC keeps positive momentum going, thanks to revved up retail operations and steady growth in banking
Sy-blings’ holding firm SM Investments Corp. (SMIC) maintained its growth trajectory in the first six months with net income rising 27 percent to P25.5 billion amid an uptick in the consumer and retail sector.
Revenues more than triple: Lucio Tan books back-to-back quarterly profits for the first time in 6 years
Philippine Airlines (PAL) of ultra bilyonaryo Lucio Tan is slowly flying out of turbulent skies.
Strong growth in tollroad, power businesses buoy MPIC core earnings
Bilyonaryo Manny V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) continued to benefit from the continued easing of Covid-19 restrictions as core earnings grew nearly a quarter in the first half of the year to P7.5 billion.
BMW profits drop as China lockdowns knock production
German auto manufacturer BMW said Wednesday its profits dipped in the second quarter as supply bottlenecks and Chinese lockdowns knocked production.
Nintendo Q1 net profit jumps thanks to weak yen
Nintendo said Wednesday its first-quarter net profit jumped 28 percent on-year, mainly thanks to a weaker yen, but hardware and software sales declined because of a chip shortage and Covid-19 supply issues.
Maersk profits double on higher freight prices
Danish shipping giant Maersk said Wednesday its profits doubled in the second quarter as freight prices have soared due to persistent bottlenecks on trade routes.
UK clears Norton’s $8B Avast cyber security takeover
UK regulators on Wednesday gave the provisional nod to US cyber security giant NortonLifeLock’s $8-billion purchase of Czech rival Avast, whose London shares surged more than 40 percent in reaction.
OPEC+ agrees small oil output rise despite Biden plea
The OPEC+ oil cartel agreed to a small increase in production Wednesday, likely disappointing US President Joe Biden who lobbied for a big hike to tame soaring energy prices on a recent trip to Saudi Arabia.
‘Maid in Malacanang’ wowing on opening day, wallops anti-Marcos film ‘Katips’
Controversial film “Maid In Malacanang”, which tells the story of the last 72 hours of the Marcoses in Malacanang before fleeing to Hawaii, opened strongly at the box office, trouncing competition, Katips.
