PHILEX MINING Corp. reported an 86% increase in its second-quarter net income to P599.53 million on the back of sustained levels of metal output and higher revenues. The listed mining company also said in a stock exchange disclosure on Friday that its revenues for the April-to-June period rose 21% to P2.38 billion. Operating costs and […]Read More

Ayala-led Integrated Micro-Electronics, Inc. (IMI) trimmed its second-quarter attributable net loss to $1.28 million from $16.91 million previously, as revenues grew by 45% despite the “persistently long lead times for semiconductor components.” The company finished the April-to-June period with a topline of $319.02 million from $220.36 million the previous year. However, the latest figure is […]Read More

APEX MINING Co., Inc. recorded a 9.1% year-on-year increase in its second-quarter net income attributable to parent firm equity holders to P210.05 million due to higher metal prices. The listed mining firm said in a stock exchange disclosure on Friday that its revenues for the quarter reached P1.54 billion, up 86.4%. Gold revenues accounted for […]Read More

BW FILE PHOTO Holcim Philippines, Inc. posted a net income of P721.39 million in the April-to-June period, reversing its P87.71 million loss in the same period last year as sales surged following the resumption of construction activity. In a disclosure to the exchange on Friday, the company said it also recorded a 65% net sales […]Read More

C7F.NAVY.MIL President Rodrigo Duterte has restored a military pact with the US on the deployment of troops for war games, reversing a decision that had caused concern in Washington and Manila. His decision to keep the visiting forces agreement (VFA) upholds the Philippines’ “strategic core interests,” his spokesman Herminio L. Roque, Jr. said in a […]Read More

DFA The Department of Foreign Affairs (DFA) brought home 350 more Filipinos who got stranded in Dubai amid a coronavirus pandemic, it said in a statement on Friday. The announcement followed Foreign Affairs Secretary Teodoro L. Locsin, Jr.’s promise that DFA would use its resources to “bring them all home.” All repatriates received P10 thousand […]Read More

PHILSTAR The Supreme Court (SC) has released a list of the 11 applicants vying for the associate justice position. Of the 11 applicants, two are from outside the Judiciary, namely Commission on Elections chief Antonio T. Kho, Jr. and Finance Undersecretary Antonette C. Tionko. The other applicants are Apolinario D. Bruselas Jr., Amparo M. Cabotaje-Tang, […]Read More

A convicted drug lord has died of various illnesses, jail officials said on Friday. Vicente Sy died after a cardiac arrest while waiting to be admitted at a hospital in Muntinlupa City, the Bureau of Corrections told reporters in a VIber message. Before that, he had difficulty breathing and suffered a stroke. Mr. Sy is […]Read More

The Transportation department said Friday that the Bicol International Airport, which is now 90% complete, is expected to start day operations on Oct. 7. “With non-stop construction ongoing, the Bicol International Airport will be technically operational for commercial aircraft for day operations by 07 October 2021 and will be night-rated by 04 November 2021,” the […]Read More

The Philippine Exporters Confederation, Inc. (Philexport) and Export Development Council (EDC) said Friday that the Philippine Ports Authority (PPA) needs to defer approval of a petition for an increase in cargo handling tariffs and passenger terminal fees at the Manila North Harbor. In a statement, Philexport and EDC also said the PPA should “suspend the […]Read More