By Revin Mikhael D. Ochave, Reporter Residential customers of Manila Electric Co. (Meralco) will see an increase in their electric power bills in November as generation charges went up. In a statement on Friday, Meralco said the overall rate for a typical household jumped by P0.3256 per kilowatt-hour (/kWh) to P9.4630/kWh in November compared to the P9.1374/kWh in October "due ...

Company handout Ayala Logistics Holdings Corp. (AC Logistics) is acquiring a 60% stake in Air 21 Holdings, Inc. (AHI), a company owned by former Customs chief Alberto D. Lina, for P6 billion. Ayala Corp. told the stock exchange on Friday that its subsidiary signed the investment agreement for the 60% interest in AHI with Mr. Lina, the latter's founder and ...

Ayala Corp. booked a third-quarter net income of P9 billion, which got a boost from the divestment of thermal assets and Ayala Healthcare Holdings, Inc.'s (AC Health) acquisition of a hospital operator. In a statement, the listed conglomerate said core net income went up 27% year-on-year to P6 billion, fueled by higher contributions from its property, telecommunications, energy, and healthcare ...

LT Group, Inc. (LTG) saw its third quarter attributable net income improve by 2.3% to P6.22 billion year-on-year, despite a dip in revenues. In a regulatory filing on Friday, the conglomerate owned by tycoon Lucio Tan reported its gross revenues went down to P22.8 billion from P22.85 billion a year ago. For the first nine months, LTG's net attributable income ...

JG Summit Holdings, Inc. slumped back into the red in the third quarter, as its businesses were affected by the reimposed strict lockdowns and higher costs. In a regulatory filing, the Gokongwei-led conglomerate reported a P3.38-billion net loss attributable to equity holders of the parent company in the July to September period, a reversal of the P844.1 million income a ...

Cebu Landmasters, Inc. (CLI) posted an attributable income of P535.96 million in the third quarter, bringing the nine-month figure to P1.85 billion. In a statement, CLI said its nine-month net attributable income has already surpassed its full-year income of P1.845 billion. For the period ending September, the profit was 23% higher than the P1.5 billion posted during the same period ...

Shell mobility stations combine a myriad of offerings for anyone in transit (especially bikers) from essentials, food, digital solutions and sustainable innovations, to create better customer experiences. -- PHOTO FROM PILIPINAS SHELL Pilipinas Shell Petroleum Corp. returned to profitability in the third quarter as sales rose despite the stringent lockdown in August. In a disclosure, Pilipinas Shell said it posted ...

GLOBAL Ferronickel Holdings, Inc. (FNI) posted a P1.22-billion attributable net income in the third quarter, 10.5% lower year-on-year as revenues dropped. The listed mining firm told the stock exchange its revenues for the third quarter slipped 5.3% to P3.80 billion from P4.01 billion a year go. For the first nine months of the year, FNI said its profit jumped by ...

BONGBONG MARCOS FB PAGE The Commission on Elections (Comelec) has sent a summons to Ferdinand "Bongbong" R. Marcos, Jr. over the petition filed by taxpayers to cancel his candidacy for president. The summons was issued on Nov. 11 and was set to be served on Nov. 12, the poll body's spokesman James B. Jimenez told reporters in a Viber message. ...

THE PHILIPPINES is being considered by a private sector-led organization for a possible partnership that will quicken the country's transition to green and renewable energy sources. At the 26th United Nations Climate Change Conference (COP26) held at Glasgow, Ireland, Finance Secretary Carlos Dominguez III had a discussion with Dr. Rajiv Shah, the president of the Rockefeller Foundation, which is among ...