Chelsea Logistics trims expenses as fuel costs surge
Chelsea Logistics and Infrastructure Holdings Corp. is tightening spending and scrambling to blunt the impact of soaring diesel prices as fuel costs squeeze…
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Daily TribuneTopic
Chelsea Logistics and Infrastructure Holdings Corp. is tightening spending and scrambling to blunt the impact of soaring diesel prices as fuel costs squeeze…
· 1 min read
The weakness in spending and sales growth may be reflective of demand becoming more sensitive (or elastic) to price increases.
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Consumers of Negros Electric and Power Corp. (Negros Power) will pay lower electricity bills this May after the utility reduced residential power rates on the…
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January to March revenues reached P1.14 billion, with electricity sales contributing 85 percent of the total, while EBITDA jumped 53 percent to P593 million…
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The Gokongwei group already owns 78.15 percent of RRHI, including JE Holdings’ 46.1-percent stake. If enough shareholders sell, the group’s ownership will rise…
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SteelAsia Manufacturing Corp. has secured a P1.25-billion green loan from Taiwan-based Cathay United Bank to accelerate the company’s expansion of low-carbon…
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Robinsons Retail Holdings Inc. (RRHI) is spending up to P11.25 billion to buy out minority shareholders as the Gokongwei family moves to take the company off…
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National Grid Corporation of the Philippines (NGCP) spokesperson Atty. Cynthia Alabanza said Friday that unplanned shutdowns are primarily driven by high…
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Axelum Resources Corp. nearly doubled its first-quarter earnings to P267 million as stronger export demand and higher-margin products helped offset…
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Filinvest Development Corp. (FDC) reported a net income attributable to equity holders of P3.9 billion in the first quarter, up 8 percent from P3.6 billion a…
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National Grid Corporation of the Philippines on Wednesday issued the country’s first red alert for 2026 as consumers in Luzon and the Visayas may experience…
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The reduction will be reflected in electricity bills nationwide, as distribution utilities — including Manila Electric Co. and electric cooperatives — pass on…
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National Grid Corporation of the Philippines on Wednesday said the overall transmission rate for May 2026 has been reduced and will be reflected in consumers’…
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More than 200,000 customers across parts of the Manila Electric Co. (Meralco) franchise alone in Luzon experienced rotating power interruptions on Wednesday…
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Filinvest Development Corp. (FDC) is consolidating its Cebu hospitality assets under subsidiary Filinvest Hospitality Corp. (FHC) through a P2.4-billion…
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Ayala Corp. (AC) saw its first-quarter net income slip 5 percent to P12 billion from a year ago, dragged by weaker property earnings and the absence of last…
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Subic Bay Freeport — The Subic Bay Metropolitan Authority (SBMA) is moving to implement a sweeping financial relief package for workers and businesses to…
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Global logistics giant DHL Express has expanded its Philippine operations with the opening of a new Manila Gateway facility in Parañaque City, betting on…
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