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EDC income dips in January-March | Lenie Lectura

Energy Development Corp. (EDC) reported a 19-percent decline in net income for the first quarter to P2.63 billion from P3.26 billion in the same period a year ago. “The decrease was mainly due to higher costs of sale (P1,049.9 million) and higher net provision for income tax (P194.6 million) partly…
Mount Apo North Cotabato Erwin Avante Palayan Bayan Energy Development Corp Energy Development

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A major residential investment hub in Mindanao

Property management firm Colliers is bullish on Davao retaining its stature as one of the more attractive residential investment hubs in Mindanao. “In our view, Davao’s residential market will continue to benefit from the region’s economic recovery beyond 2022. Despite market disruptions due to Covid, demand, primarily seen to be…
Davao City Mount Apo North Cotabato Davao Del Sur Digos City Davao Del Norte

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