Axelum profit climbs 25%

AXELUM Resources Corp. reported that its first-quarter net income grew 25% to P181.93 million from P145.6 million despite logistics issues due to the pandemic. “We continue to service increasing requirements of our customers despite major shipping issues, particularly irregular port calls, delayed container turnover, limited cargo space and international port congestion,” President and Chief Operating […]

Napocor to extend power supply agreement with Mindoro electric co-op until end of 2021

THE NATIONAL Power Corp. (Napocor) said Monday that it will extend its power supply agreement (PSA) with Occidental Mindoro Electric Cooperative, Inc. (Omeco) until the end of the year, and provide funds to the power distributor as it awaits the completion of a power procurement auction. “We will also heed their request that our leased […]

Philippines keeps ban on worker deployment to Israel despite truce

A PHILIPPINE ban on worker deployment to Israel stands despite a ceasefire between the Middle Eastern country and Hamas, according to the Labor department. Local authorities would keep watching the geopolitical situation in Israel and Gaza before sending more workers, Labor Secretary Silvestre H. Bello III told an online news briefing on Wednesday. “If the […]