• The man who triggered a $10-billion commodity collapse finally speaks
    ARNAUD Vagner has been a mystery for more than three years. Noble Group, once one of the world’s biggest commodity trading houses, characterized him as a disgruntled former junior employee behind a series of reports by Iceberg Research, an anonymous group that began attacking its accounting practices in 2015. Even as the combined value of […]
  • FDC income jumps 45% to P7.19B in H1
    FILINVEST Development Corp. (FDC), the holding firm of the Gotianun family, said its income jumped by close to half to P7.19 billion during the first half of the year, from last year’s P4.97 billion. Its property business made a significant contribution to the increase. Revenues grew 15 percent to P32.73 billion, from last year’s P28.45 […]
  • FNI nickel-ore output in H1 down by 19%
    GLOBAL Ferronickel Holdings Inc. (FNI) said its nickel-ore shipment in the first half fell by 19 percent to 1.55 million wet metric tons (WMT) as the firm shifted to higher-grade minerals to capitalize better prices in the world market. FNI, the country’s second-largest nickel producer, exported 1.91 million WMT of nickel ore during the January-to-June […]
  • PSALM to rebid Malaya thermal power plant’s service contract
    THE Power Sector Assets and Liabilities Management Corp. (PSALM) will rebid the Operation and Maintenance Service Contract (OMSC) for its Malaya thermal-power plant (TPP) after it declared the previous auction a failure. “The first round of bidding for OMSC Malaya TPP  generated two bidders. One bidder was disqualified during bid evaluation while the lowest-ranking bidder was […]
  • Eastern Communications on track to meet P2.6-B revenue this year
    EASTERN Communications bared on Thursday its geographic expansion plan as it seeks to hit its P2.6-billion revenue target by end-2018.  “We’re continuously building our facilities in most of the multi-tenant buildings in the CBDs [central business districts] in Metro Manila. But also we have our ongoing expansion in Regions 3 and 4,” Eastern Communications Marketing Communication Head […]

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