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Core income of MPIC rises as economy picks up pace

Core income of MPIC rises as economy picks up pace
businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.

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MPIC core earnings up by 24% to P7.5 billion in H1

Metro Pacific Investments Corp., the tollways and infrastructure conglomerate chaired by Manuel V. Pangilinan, reported a consolidated core net income of P7.5 billion for the first half of 2022, up 24 percent from a year earlier. ....

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MPIC earnings up 21% in Q1 but some units still bleeding

Consolidated core net income from MPIC’s various business segments grew 23% year-on-year in the first quarter. ....

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Regional Updates (04/13/21) - BusinessWorld

BusinessWorld
April 13, 2021 | 10:24 pm
LRT-1 operations to be suspended for 2 weekends
LIGHT Rail Manila Corp. (LRMC), the private operator of Light Rail Transit Line 1 (LRT-1), announced on Tuesday that it would suspend train operations for two weekends in April to continue its maintenance works. “The shutdown on April 17–18 and April 24–25, 2021 will allow LRMC to complete the remaining maintenance and rehabilitation works started during the Holy Week,” the company said in an e-mailed statement. It said the works to be carried would cover the maintenance of trains, stations, and various systems including the scheduled replacement of overhead catenary wires. “The additional days will also accelerate the preparations needed for the commercial use of the new Generation-4 train sets in Q4 2021,” it added. On April 5, LRMC said it had started increasing the speed of LRT-1 from 40 kilometers per hour (kph) to 60 kph after improvement activitie ....

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Nationwide round-up (04/05/21) | BusinessWorld

Ivermectin being sold online
CONGRESSMEN on Monday warned against the use of anti-parasitic drug Ivermectin against the coronavirus, asking the Trade department to monitor its sale on e-commerce sites.
“Please be on the lookout for abusive online sellers who are taking advantage of the current situation and even manipulating the price of Ivermectin,” Valenzuela Rep. Weslie T. Gatchalian said in a statement.
“This drug has not been approved by the Food and Drug Administration (FDA) for human use and may be highly harmful to the health of our consumers.”
Some congressmen endorsed the use of Ivermectin as a COVID-19 treatment last week. But the local FDA said the only ivermectin drug registered in the country is for use by animals. Use by humans could lead to possible side effects, it added. ....

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