Renewable energy (RE) firm Alternergy Holdings Corporation announced that it has remitted its first annual dividend payment to the state pension fund, the Government Service Insurance System (GSIS). In a disclosure to the Philippine Stock Exchange on Thursday, Dec. 19, Alternergy said it paid...
The key players in the country's gas-to-power industry are exploring interconnecting their pipeline facilities to share liquefied natural gas (LNG) imports, a lifeline designed to neutralize potential fuel supply disruptions and ensure steady electricity generation from gas-fed plants. In an...
The Philippine Amusement and Gaming Corporation (Pagcor) and San Miguel Infrastructure have signed a 25-year lease agreement for the 15-hectare Nayong Pilipino property in Pasay City. In a statement, the government’s gaming regulator said the agreement, formally signed on Dec. 12, 2024, will...
The Energy Regulatory Commission (ERC) has approved the 15-year Power Supply Agreement (PSA) between Manuel V. Pangilinan-led Manila Electric Company (Meralco) and Excellent Energy Resources, Inc. (EERI), a subsidiary of SMC Global Power. In a statement on Friday, Dec. 13, ERC Chairman and Chief...
ILOILO CITY – A subsidiary of Meralco PowerGen Corp. (MGen) is providing a P16.45-million lighting system for a football field in this city – La Paz Plaza Football Ground in La Paz District. JAIME T. Azurin, president of Global Business Power Corp., a wholly owned subsidiary of Meralco PowerGen...
The PhilHealth Benefits Development Planning Protocol has been awarded with the “Continuous Improvement Recognition” during the recently concluded 41st ASEAN Social Security Association (ASSA) meetings. The Benefits Development Planning Protocol was acknowledged for its significant...
The Philippine Health Insurance Corp. (PhilHealth) will get zero subsidy in the P6.352-trillion 2025 national budget. This was according to Senate Finance Committee Chair Senator Grace Poe, citing that they still have their P600 billion reserve fund. "Nakita natin PhilHealth, yung subsidiya na...
The Energy Regulatory Commission (ERC) has approved the Capas substation proposed by the National Grid Corporation of the Philippines (NGCP) to manage the connection of New Clark City (NCC) to the grid. In a statement, the ERC said this approval will help address load growth in Capas, which is...
Manila-based Asian Development Bank (ADB) has secured a $115 million (over P6.676 billion) financing deal with homegrown non-bank Asialink Finance Corp. (AFC) to boost the latter’s working capital and support small businesses, particularly those owned by women. ADB Director General for Private...
The peso appreciated against the US dollar for the second consecutive day on Wednesday, Dec. 4, closing at a one-month high of 58.23, primarily driven by the expected surge in overseas remittances leading up to the Christmas holidays. The peso's closing rate jumped from the previous day's close of...
Pepsi-Cola Products Philippines, Inc. (PCPPI) announced that it will cease operations at its facility in Tunasan, Muntinlupa City, at the end of the year to consolidate operations and improve efficiency. In a statement on Tuesday, Nov. 3, PCPPI said the Metro Operations Services (MOS) plant...
Pico de Loro Cove's 30-foot Christmas tree, inspired by sea turtles, symbolizes homecomings and the warmth of the holiday season. Have you ever seen a Christmas tree that not only dazzles with holiday cheer but also tells a story of sustainability and nature? Imagine a tree crafted from recyclable...
