House body swiftly OK’s Ombudsman budget 

CONGRESSMEN on Thursday swiftly approved the Office of the Ombudsman’s P4.78-billion budget for next year.  The House of Representatives committee on appropriations approved the 1.5% increase, citing the office’s fiscal autonomy under the Constitution.  Under the budget, P3.05 billion will go to personnel services, P1.43 billion to maintenance and other operating expenses and P230 million […]

ICTSI Subic deploys more equipment to boost productivity

LISTED port operator International Container Terminal Services, Inc. (ICTSI) announced on Wednesday that its Subic Bay International Terminal Corp. (SBITC) is deploying more equipment to boost its landside operations. SBITC is now deploying additional rubber-tired gantries (RTGs) to improve its productivity, in line with the growth prospects of North and Central Luzon, ICTSI said in […]

AGTech Announces Interim Results Ended June 30, 2022, with revenue of HK $133 million, up 71% year on year

EQS Newswire / 09/08/2022 / 10:00 UTC+8   AGTech Announces Interim Results Ended June 30, 2022, with revenue of HK $133 million, up 71% year on year   (Hong Kong, August 8, 2022) – AGTech Holdings Limited (“AGTech” or the “Group”, HKEX stock code:8279) today announced its interim results for the six months ended June […]

Mitsubishi Heavy Industries Achieves 22% YoY Increase in Order Intake and 52% YoY Increase in Net Profit in a Challenging First Quarter

TOKYO, Aug 5, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Heavy Industries (TSE Code: 7011) announced that order intake rose 22.3% year-over-year to YEN917.8 billion in the quarter ended June 30, 2022. Revenue rose 2.3% to YEN871.3 billion year-over-year, resulting in business profit(1) of YEN14.9 billion, a 30.4% decrease from the previous fiscal year, […]

Megawide sees improvement in MCIA’s international traffic

INTERNATIONAL passenger traffic is expected to increase at the Mactan-Cebu International Airport (MCIA) as travel restrictions further ease, Megawide Construction Corp. said on Friday, July 1, 2022.“In the airport segment, the company is expecting a boost in international numbers at MCIA, particularly with the opening of the thrice-weekly Cebu-Istanbul route via Turkish Airlines and the […]

Bangsamoro board approves 3 investments worth P734M

THREE companies have been given the green light for their proposed projects in the Bangsamoro with a combined outlay of over P734 million, the regional investment board announced at the weekend.    These are: P340.8 million from Nama Concrete Philippines Corporation (NAMA) for a pre-mixed cement facility in Sultan Kudarat, Maguindanao; P340.8 million from Mount Kalantungan […]

Mitsubishi Heavy Industries Achieves Record-Breaking Cash Flow in FY2021 and Plans Increased Dividends

TOKYO, May 12, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Heavy Industries (MHI, TSE Code: 7011) announced that order intake rose 21.9% year-over-year to ¥4,067.7 billion in the period ended March 31, 2022. Revenue rose 4.3% to ¥3,860.2 billion year-over-year, resulting in business profit(1) of ¥160.2 billion, a 196.3% increase from the previous fiscal […]