Eagle Cement’s Q1 profit down 25%

Eagle Cement’s factory in Bulacan Ang family-led cement manufacturer Eagle Cement Corp. saw a 25 percent year-on-year drop in first quarter net profit to P1.2 billion as construction activities were halted in mid-March as part of measures to curb the coronavirus (COVID-19) pandemic. But Eagle is optimistic that the demand for cement will recuperate, with […]

Buzzfeed closes news operations in Britain, Australia

SYDNEY — Groundbreaking website Buzzfeed said on Thursday that it would be shuttering part of its loss-making news operations in Britain and Australia, as it scales back global ambitions to cut costs. “For economic and strategic reasons, we are going to focus on news...

Bloomberry’s Q1 profit down 38%

SOLAIRE Resort and Casino RICHARD REYES Integrated gaming resort developer and operator Bloomberry Resorts Corp. suffered a 38-percent year-on-year decline in first quarter net profit amounting to P1.4 billion as the coronavirus (COVID-19) pandemic took a heavy toll...