DMCI Mining Corp.’s profitability soared during the first semester of the year after recording about a 400-percent increase in its net income to in the same period last year. In a press release, the subsidiary of Consunji-led DMCI Holdings said it was able to ship 1.24 million wet metric tons of nickel ore between January…
Conglomerate Lopez Holdings reversed in the second quarter the net loss it incurred in the same period last year at the peak of pandemic-induced restrictions that choked businesses. Lopez delivered a second quarter net profit of , a turnaround from the net loss of P881 million seen last year. Compared to the first quarter’s net…
Industry giant PLDT Inc. is investing $80 million (P3.9 billion) in a new Asia Pacific subsea cable project aimed at boosting internet capacity and speeds. PLDT announced on Monday it joined technology giants such as Facebook and Google in the 12,000-kilometer submarine cable system called Apricot. Set to be fully operational in 2024, Apricot will…