Leon Fuat Berhad Records Stellar Quarter due to Rising Global Demand, Profit Up 3,297%

SHAH ALAM, Malaysia, May 28, 2021 – (ACN Newswire via SEAPRWire.com) – Leon Fuat Berhad (“Leon Fuat”), a manufacturer and trader of steel products, specialising in rolled long and flat products, today announced that the Group recorded a 3,297.0% rise in profit after tax (“PAT”) to RM36.11 million for the quarter ended 31 March 2021 […]

Meralco rates seen to increase in June

Manila Electric Co. (Meralco) customers are likely to see a rise in their electric power bills in June, following a surge in spot market prices, an official from the firm said on Friday.   “Based on early, initial projections, there may be an upward pressure on the generation charge for the month of June 2021 due to observed […]

Supply and prices of fish stabilize, Agri dep’t says

THE SUPPLY and prices of fish sold in the so-called “NCR plus” quarantine area, consisting of the National Capital Region and Cavite, Laguna, Rizal, and Bulacan provinces, have stabilized, the Department of Agriculture (DA) said. Agriculture Secretary William D. Dar said in a statement Tuesday that the normalization of the fish market coincides with the […]

Philippine home prices recover in Q4

Home prices rebounded in the past quarter, driven by faster increases in residential real estate outside Metro Manila as more families considered building houses outside the city during a coronavirus lockdown, according to the central bank. In a report released on Friday, the Bangko Sentral ng Pilipinas (BSP) said the Residential Real Estate Price Index […]

BSP unlikely to raise rates soon

BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno on Thursday said policy makers are not inclined to tighten monetary policy yet as they see the uptick in inflation as “temporary,” with pressures coming from the supply side. “Notwithstanding the impact of supply-side factors on the inflation path, we are not inclined to tighten monetary […]

China demand for PHL nickel strong if Indonesia ban stays

DEMAND FOR Philippine nickel ore will remain high in China if Indonesia maintains its nickel export ban, industry officials said Monday. “As long as Indonesia keeps its nickel export ban, demand for Philippine nickel ore from China’s NPI (nickel pig iron) plants will remain strong,” Chamber of Mines of the Philippines (COMP) Vice-President for Communications […]