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Steel producer Pomina reports loss

Steel producer Pomina reports loss

Pomina Steel has reported a loss of VND1.127 trillion (US$48 million) for 2022, adding another name to the list of steel giants in the red. In the fourth quarter its revenues plummeted to VND1.8 trillion, or less than half the 2021 figure and the lowest since 2010, as it made …

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Eye-watering onion prices make Philippine staple a luxury

Even before his onions are fully grown, Philippine farmer Luis Angeles races to harvest the crop and cash in on eye-watering prices for a vegetable that has become a luxury item in the country. Onion prices have soared in recent months, reaching as high as 800 pesos (nearly $15) a …

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