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AUTHORS
Jasper Emmanuel Arcalas
Jasper Emmanuel Arcalas
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Philex net income drops on lower metal output
by Jasper Emmanuel Arcalas - April 27, 2024 - 12:00am
The earnings of Philex Mining Corp. plunged by 70 percent to more than P110 million in the first quarter as revenues fell due to lower metal output.
Meat imports up 3 percent in Q1
by Jasper Emmanuel Arcalas - April 26, 2024 - 12:00am
The country’s meat imports grew by three percent to over 270,000 metric tons in the first quarter on the back of higher pork purchases, latest government data showed.
CA ruling vs Bt eggplant, golden rice propagation hit
by Jasper Emmanuel Arcalas - April 26, 2024 - 12:00am
The judiciary should not overstep its authority on genetically modified organisms or GMOs as regulations on biotechnology must be left to scientists and pertinent regulators, according to a member of the Monetary...
Export of raw sugar to US planned by mid-year
by Jasper Emmanuel Arcalas - April 25, 2024 - 12:00am
The Sugar Regulatory Administration has started the preparatory work for the country’s export of raw sugar to the US as early as the middle of the year.
OceanaGold IPO price set
by Jasper Emmanuel Arcalas - April 24, 2024 - 5:30pm
OceanaGold Inc. , the operator of Didipio gold and copper mine in Nueva Vizcaya, pegged its initial public offering price at P13.33 per share, more than a fifth lower than its earlier announced maximum price of...
OceanaGold faces legal battle ahead of IPO
by Jasper Emmanuel Arcalas - April 24, 2024 - 12:00am
Just a few weeks before its scheduled initial public offering , OceanaGold Philippines Inc. is facing a legal case seeking to cancel its mining contract for allegedly being renewed illegally.
Luzon grid alert raised to red; yellow in Visayas
by Jasper Emmanuel Arcalas - April 24, 2024 - 12:00am
The Luzon and Visayas grids were placed on red and yellow alerts, respectively, by the National Grid Corp. of the Philippines )yesterday as 38 power plants were on forced outage.
Mixed adjustments in oil prices today
by Jasper Emmanuel Arcalas - April 23, 2024 - 12:00am
Local oil firms made mixed adjustments in petroleum prices today, with the prices of diesel and kerosene rolled back while that of gasoline increased.?
Fish import suspension bodes well for aquaculture
by Jasper Emmanuel Arcalas - April 22, 2024 - 12:00am
The suspension of the importation of certain pelagic fishes to avert diversion of stocks to wet markets would allow the local aquaculture industry to grow, fish cage operators said.
Ample stocks to keep Philippines from importing sugar
by Jasper Emmanuel Arcalas - April 22, 2024 - 12:00am
The Philippines may not import sugar in the next market year (MY) 2025 as stocks remain ample from carryover of previous import programs, an international agency said.
DA proposes over P500 billion budget for 2025
by Jasper Emmanuel Arcalas - April 20, 2024 - 12:00am
The Department of Agriculture (DA) is proposing a P513.81 billion budget next year, more than double its current allocation of P208.58 billion to improve the country’s food security.
PMFTC elects new president
by Jasper Emmanuel Arcalas - April 20, 2024 - 12:00am
Cigarette manufacturer PMFTC Inc., the local affiliate of US-headquartered tobacco giant Philip Morris International (PMI), will have a new president beginning May 1, the LT Group Inc. (LTG) announced yesterday...
Manila Water unit spends P1.15 billion for Laguna expansion
by Jasper Emmanuel Arcalas - April 20, 2024 - 12:00am
Razon-led Manila Water Co. Inc. is spending P1.15 billion to buy into the Laguna Water District Aquatech Resources Corp. (LARC), which oversees the water supply system of the Laguna Water District in the towns of...
RHI widens net loss to P360 million
by Jasper Emmanuel Arcalas - April 20, 2024 - 12:00am
The attributable net loss of sugar and ethanol producer Roxas Holdings Inc. (RHI) in the first quarter of its current fiscal year widened to nearly P360 million as revenues plummeted due to stoppage of its sugar...
Apex Mining profit grows 2% to P3.4 billion
by Jasper Emmanuel Arcalas - April 18, 2024 - 12:00am
Razon-led Apex Mining Co. Inc. grew its net income by two percent to P3.41 billion in 2023 from P3.34 billion in 2022 on the back of higher revenue brought about by better metal prices.
Didipio mine on track to hit output target
by Jasper Emmanuel Arcalas - April 18, 2024 - 12:00am
Didipio gold mine is on track to hit its 2024 production guidance after producing over 26,000 ounces of gold and 3,000 metric ounces of copper in the first quarter, OceanaGold Corp. said.
DA team 90 percent complete, says Tiu Laurel
by Jasper Emmanuel Arcalas - April 17, 2024 - 12:00am
Agriculture Secretary Francisco Tiu Laurel Jr. said his leadership team is now 90 percent complete, noting that he is just awaiting the appointment of his last undersecretary.
VMC net income tumbles on low sugar prices
by Jasper Emmanuel Arcalas - April 17, 2024 - 12:00am
Low sugar prices and output dragged the earnings of listed sugar miller Victorias Milling Co. Inc. by more than a third in the first half of its current crop year.
DA chief backs rice fund extension
by Jasper Emmanuel Arcalas - April 17, 2024 - 12:00am
The Department of Agriculture is supporting the extension of the rice competitiveness enhancement fund, and proposes tweaks to the program such as making the allocation more flexible and hiking the budget of key...
Red tape hinders Philippines investments – German envoy
by Jasper Emmanuel Arcalas - April 17, 2024 - 12:00am
Persisting red tape is the biggest hindrance to expanding investments in the Philippines, according to German Ambassador Andreas Pfaffernoschke.
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