FNI said its board of directors was informed by the management of FNI Steel Corp., its wholly owned subsidiary, that the planned FNI Rebar Steel project will no longer push through.
The firm, one of the biggest players in the country's nickel industry, said the decision was based on a "comprehensive" review of market conditions, capital requirements and the outlook for the rebar steel industry.
Esta historia es de la edición December 28, 2024 de The Philippine Star.
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Esta historia es de la edición December 28, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Doing housing right
Just got back from spending the Christmas holidays with my son and his family in Singapore.
Meralco's 5RP begins in July - ERC
The Energy Regulatory Commission (ERC) has moved the start of Manila Electric Co. (Meralco)'s fifth regulatory period (5RP) to July 2025, delaying it by six months from the earlier approved date.
Pineapple exports may hit record high this year
The Philippines' pineapple exports may hit a record high of over 690,000 metric tons (MT) this year, driven by better output and higher demand abroad, according to the United Nations' Food and Agriculture Organization (FAO).
PSE Sees Trump Economic Policies Impacting Market Trajectory in 2025
The Philippine Stock Exchange Inc. (PSE) expects the economic policies of the incoming administration of US president-elect Donald Trump to play a key role in the trajectory of the local stock market in 2025.
Sideways Trading Likely on Shortened Week
Stocks are expected to trade sideways with a slight upward bias to open the year on another shortened trading week.
2024 Philippine Equities: A Year of Volatility
Philippine stocks ended 2024 virtually unchanged.
Renewable Energy Dominates Green Lane-Certified Projects
The Board of Investments (BOI) has endorsed 176 projects worth P4.54 trillion for expedited licensing and permit processing, with renewable energy (RE) developments leading the way.
More 'hot money' enters in November
More speculative funds flowed into the Philippines, yielding a net inflow of $96.59 million in November and reversing the $529.68 million outflow seen a month ago, the Bangko Sentral ng Pilipinas (BSP) said.
Housing Prices Drop for 1st Time in 3 Years
Property prices declined for the first time in three years as prices of duplex housing and condominium units slumped in the third quarter, the Bangko Sentral ng Pilipinas (BSP) said.
Phl booters eye upset for ages
After breaking a 52-year winless streak against Thailand, is a breakthrough finals stint in Southeast Asia's centerpiece football tournament up next for fearless Philippines?
