Page 12 - Philex Mining News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BusinessWorld May 6, 2021 | 12:09 am By Senior Reporter METRO Pacific Investments Corp. (MPIC) on Wednesday reported a 272.06% increase in its first-quarter attributable net income, owing to the sale of its stakes in a power producer and a toll road business in Thailand, as well as the recently signed tax incentives law. MPIC’s attributable net income for the first quarter reached P7.03 billion, up from P1.89 billion in the same period last year, the company said in a statement to the stock exchange. The company said it benefited from the gain recognized from the sale of Gl...

BusinessWorld April 30, 2021 | 7:52 pm BW FILE PHOTO The regulatory office (RO) of the Metropolitan Waterworks and Sewerage System (MWSS) said that the two Metro Manila water concessionaires still cannot disconnect the water supply of customers who have not paid their bills, following the government’s decision to extend the second strictest lockdown level over capital and nearby areas. “The MWSS RO’s directive to Maynilad and Manila Water to suspend all service disconnection activities is still in effect,” the MWSS Public Information Office told reporters in an e-maile...

BusinessWorld April 30, 2021 | 5:59 pm THE 7.2-kilometer segment of the Cavite-Laguna Expressway (CALAX) set to be finished by the third quarter is 93% complete, MPCALA Holdings Inc. said. Toll structures for the Silang East interchange have been put up, while drainage construction as well as express road and safety features installation are on track, the company said in a press release on Friday. The segment, or subsection 5, links Sta. Rosa-Tagaytay Interchange to Silang East Interchange. It is part of the 45-kilometer CALAX expressway running from Kawit, Cavite to Mamplasan...

BusinessWorld April 30, 2021 | 6:34 pm http://www.philexmining.com.ph/ Philex Mining Corp. reported a more than fivefold increase in profit in the first quarter, fueled by higher gold and copper prices in the global market. The listed miner told the stock exchange its net income attributable to equity holders of the parent company surged to P559.57 million in the January to March period, from P102.3 million during the same period in 2020. Core net income increased over five times to P540 million, as revenues rose 38% to P2.37 billion. Philex Mining said realized gold prices h...

BusinessWorld April 22, 2021 | 8:14 pm WEST ZONE water supplier Maynilad Water Services, Inc. said it is hoping for a conclusion to the review of its concession agreement with the government “as soon as possible.” At a virtual briefing Thursday, Maynilad President and Chief Executive Officer Ramoncito S. Fernandez said the company has started formal communications with the government on the new agreement, adding that he expects a fair and reasonable review. “As far as the timetable is concerned, I do not have any projection or forecast for when it would be finis...