World’s biggest shipper expects 25% drop in container demand

A container ship is docked at Maher Terminals in Elizabeth, N.J., Monday, May 11, 2020. (AP Photo/Mark Lennihan) COPENHAGEN, Denmark — The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, said Wednesday that it expects its transport volumes to drop by up to 25% in the second quarter as the world economy slides toward recession. CEO […]

RFM’s Q1 profit down 4%

Jose Ma. Concepcion IIIINQUIRER PHOTO / RICHARD A. REYES Concepcion group-led RFM Corp. saw a 4 percent year-on-year decline in net profit amounting to P212 million in the first quarter as its ice cream, milk, pasta, institutional bread and flour businesses showed...

Ayala Corp.’s Q1 profit down 17%

Ayala Corp. chair and CEO Jaime Augusto Zobel de Ayala. INQUIRER file photo Conglomerate Ayala Corp. saw a 17 percent year-on-year drop in first quarter net profit to P6.7 billion as the coronavirus (COVID-19) pandemic gnawed on various businesses, especially the...