Korean actress Sooyoung, a member of K-pop group Girls’ Generation, will be making her Hollywood debut. Sooyoung will be appearing in the film “From the World of John Wick: Ballerina” that is set for release on June 6. On Instagram, Sooyoung posted a photo of her character in...
The Energy Regulatory Commission (ERC) and the Securities and Exchange Commission (SEC) launched a program designed to encourage power sector players to go public and comply with the Electric Power Industry Reform Act of 2001 (EPIRA). On Thursday, March 27, the ERC and SEC jointly launched SEC...
SAGIP Party-list Rep. Rodante Marcoleta (Facebook) SAGIP Party-list Rep. Rodante Marcoleta took issue with what he described as the undue focus given to transmission company National Grid Corporation of the Philippines (NGCP) on the problem of...
Consunji-led Semirara Mining and Power Corporation (SMPC) is eyeing Japan as additional export market for beefed up coal output from its Semirara mine in Antique province. SMPC President and Chief Operating Officer Maria Cristina C. Gotianun told reporters that the company had already done trial...
The Department of Trade and Industry (DTI) said it is committed to attract foreign investment and fostering a conducive business environment, particularly for "new generation" industries. Acting Secretary Cristina A. Roque met with representatives from Marubeni Corp. on September 12 to...
The Energy Regulatory Commission (ERC) has firmly laid down that longstop date provision in power supply agreements (PSAs) will no longer be accepted downright as ground for unilateral contract pre-termination; and the allowable timeframe for regulatory approval shall also be within 270 days or at...
The Board of Investments (BOI) has awarded the green lane certificates of endorsement to Vind Energy Corp.’s two offshore wind projects in Cavite and Guimaras. Department of Trade and Industry (DTI) Undersecretary and BOI Managing Head Ceferino S. Rodolfo awarded certificates to Alma...
It isn’t a rosy year for Consunji-led Semirara Mining and Power Corporation (SMPC), as its first half income suffered 34 percent downswing to P12.6 billion from a record P19.2 billion within the same six-month stretch in 2023 – and that was mainly precipitated by the apparent weakening of coal...
The gigawatt-scale of offshore wind projects being advanced into commercial development by London-headquartered Corio Generation had secured ‘green lane’ certification from the Board of Investments (BOI) as underpinned by Executive Order 18 issued by President Marcos. The certification will...
President Marcos said that Megaworld's new Grand Westside Hotel in Parañaque is a testament to the fruitful collaboration between the government and the private sector as it is touted to generate jobs for Filipinos and boost tourism in Metro Manila. President Ferdinand ‘Bongbong’ Marcos Jr....
As coal prices in the world market cooled, the net income of Semirara Mining and Power Corporation (SMPC) dropped 28% to P6.5 billion within first quarter this 2024 from a relatively robust P9.0 billion earnings in the same three-month period last year. “Global coal indices declined due to weak...
With its power generation assets as income driver, this year’s first quarter earnings of Aboitiz Power Corporation jumped by 4.0% to P7.9 billion from year-ago level of P7.5 billion within comparative period in 2023. Without the non-recurring items, the company qualified that its profits would...
