Logistics and Supply Chain

cement, concrete, construction

Holcim back to profitability in Q2

Holcim Philippines, the country’s leading cement maker, chalked up P721.4 million in second quarter net income, reversing the P88.1 million net loss in the same period last year when it had to shut down its manufacturing facilities in Luzon to comply with pandemic-related lockdown restrictions. This brought Holcim’s six-month net profit to P1.63 billion, 294 …

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beverages, bottles, shelf

Pepsi PH bottling capacity up 30% via new plant in Batangas

Beverage-maker Pepsi-Cola Products Philippines Inc. has expanded its bottling capacity, adopted digital platforms and accelerated sustainability initiatives amid a challenging environment caused by the prolonged pandemic. “PCPPI did not only adapt to but also thrived in the new normal. When most companies feared to move forward, PCPPI chose to make big moves and transform,” company …

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Taking advantage of opportunities in manufacturing

Over half of the Philippine’s industrial sector is in manufacturing and the industry contributes to almost a quarter of the country’s gross domestic product. The industry also promotes stronger inter-industry and inter-sectoral linkages, productivity, technological development and innovation. Keeping all these factors in mind, the Philippines is fast-forwarding the manufacturing industry’s pace toward a more …

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building, construction, site

Megawide snaps losing streak; nets P2.9M in Q1

After being bludgeoned by the COVID-19 pandemic in 2020, Megawide Construction Corp. returned to profitability in the first quarter of this year as belt-tightening measures made up for slower revenues generated by the construction and infrastructure businesses. Megawide booked an attributable net profit of P2.9 million in the first three months, much smaller than the …

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highway, light trail, long exposure

Metro Pacific South sets aside P 12-B capex in 2021

Metro Pacific Tollways Corp. is setting aside about P12 billion this year for capital spending for three expressway projects in southern Metro Manila and neighbouring provinces. Under subsidiary MPT South Corp., the tollroad giant said the largest share or P6.49 billion would go toward the 45-kilometer Cavite Laguna Expressway (Calax) while P5.34 billion would be …

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Modern mobility network set in place for PH road warriors

For more than a hundred years, Pilipinas Shell Petroleum Corp. has been at the forefront of helping the Philippine economy by providing mobility solutions to customers all over the country. As the Philippines starts to recover from the havoc wrought by the COVID-19 pandemic, Pilipinas Shell wants to be there, too, in part by transforming …

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architecture, buildings, cars

PH recovery hopes pinned on infra spending

Recovery from the pandemic-induced recession will entail not only fast-tracking mass vaccination and sustaining infrastructure development but also some more additional reforms pushed by President Duterte’s economic team on Monday. Finance Secretary Carlos Dominguez III told the Sulong Pilipinas 2021 virtual forum that earlier reforms put in place by the Duterte administration eased COVID-19’s impact …

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San Miguel Corp. continues to invest heavily in the Philippines’ future

The work of nation-building never stops. And for San Miguel Corp. (SMC), one of the country’s largest and most diversified and profitable conglomerates, not even the unprecedented COVID-19 pandemic should get in the way. Its history is so intertwined with that of the Philippines that it believes that it has the moral commitment to push …

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container, van, export

PH business owners more upbeat for 2021, BSP survey shows

Filipino business owners are more upbeat about their prospects over the next 12 months as the economy began to adapt to the new economic landscape of the coronavirus pandemic, according to the central bank. In a press briefing on Thursday, officials of the Bangko Sentral ng Pilipinas (BSP) said the outlook on the country’s economy …

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