Prior to trading resumption in the reserve market, the Department of Energy (DOE) has instructed the operator of the Wholesale Electricity Spot Market (WESM) to issue guidelines on the synchronization of dispatch intervals for both traded energy capacities and ancillary services for an efficient...
Compared to counterparts like Toyota and Mitsubishi, the Isuzu mu-X came rather late in the mid-size SUV game — the first generation was introduced in 2013 — but has made some serious inroads into the segment with the arrival of the 2023 mu-X. The Norwegian Blue exterior isn’t particularly...
Limitless Growth Ventures Inc. or DigiCo, a digital entity owned by businesses led by Manuel V. Pangilinan (MVP Group), disclosed that it invested P570 million to acquire a 10 percent interest in Bayad Center and 100 percent of Multipay Corporation. In disclosures to the Philippine Stock Exchange,...
DAVAO CITY – The family of slain former Philsaga Mining Corp. president Samuel Afdal vowed to continue fighting for justice as prime suspect, Ryan Marky Baylon, pleaded not guilty to the killing. THE Afdal family gives an update on the murder case of patriarch former Philsaga Mining Corp....
Meralco PowerGen Corporation, the power investment arm of Manila Electric Company, is eyeing to secure approval from the Philippine Competition Commission (PCC) on the triarchy deal that it sealed for the $3.3 billion integrated liquefied natural gas (LNG) project in Batangas province. MGen...
Lopez-led ThermaPrime Drilling Corporation (ThermaPrime) has beefed up its geothermal drilling business segment with three more rigs that it can immediately utilize for the expansion of its operations. According to the company, two of the newly acquired drilling rigs are of 1,500 horsepower (hp);...
State-run Bases Conversion and Development Authority (BCDA) has partnered with Korean Water Resources Corp. (K-Water) to find water sources for New Clark City in Tarlac and Camp John Hay in Baguio. In a statement, Joshua M. Bingcang, BCDA president and chief executive officer said the...
The Energy Regulatory Commission (ERC) has finally lifted the suspension it earlier imposed on the settlement of traded capacities in the co-optimized reserve market, hence, consumers will have to brace for added cost burden in their forthcoming electric bills. With the lifting of the settlement...
The bargaining chip dangled by the Department of Energy (DOE) on the proposed corporate life extension for state-run Power Sector Assets and Liabilities Management Corporation (PSALM) is to prevent transfer of P300 billion worth of its residual debts to the national government coffers. “At this...
DigiCo, a digital entity owned by businesses led by Manuel V. Pangilinan or the MVP Group, has sealed separate agreements to acquire a 10 percent interest in Bayad Center and 100 percent of Multipay Corporation for a yet undisclosed amount. "Having both online and offline solutions, Bayad and...
AyalaLand Logistics Holdings Corp. (ALLHC), an Ayala Land Inc. (ALI) subsidiary, delivered a 22 percent growth in consolidated net income to P413 million in the first half of the year from the P339 million earned in the comparative period of 2023. In a disclosure to the Philippine Stock Exchange...
The Marcos administration increased its financial backing for the National Irrigation Administration (NIA) while scaling back support for the Philippine Health Insurance Corp. (PhilHealth) in the first half of the year. Data from the Bureau of the Treasury revealed that the national government...
