On account of higher finance charges that it incurred due to direct equity acquisitions, the net income of Yuchengco-led of PetroEnergy Resources Corporation (PERC) had declined 11% to P527 million in the first half of the year from heftier P591 million in the same period last year. The company...
(Arnold Quizol/MANILA BULLETIN) The Department of Environment and Natural Resources (DENR) is currently evaluating the environmental compliance certificate (ECC) of several reclamation efforts in the Manila Bay, particularly to see whether or...
Representatives from the Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU) and local government officials hold a groundbreaking ceremony for the construction of PAMANA projects worth P89.9 million in Brgy. Poswoy, Balbalan, Kalinga on Aug. 6, 2024. (Photo: OPAPRU)...
With new solar and wind farm capacities coming on stream, the net income of international project developer ACEN Corporation climbed 49% to P6.3 billion in this year’s first half from the year-ago level of P4.23 billion. The Ayala-led firm indicated that its earnings factored in P1.4 billion...
With its cash stream boosted by the entry of new capacities from its solar plants, the net income of listed firm Citicore Renewable Energy Corp (CREC) climbed 9.0% to P910 million in 2023 versus P834 million in the prior year. The company’s earnings before interest, taxes, depreciation and...
The government released around P579 million to fund projects, such as flood controls, in eight regions under the People’s Survival Fund (PSF). Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved the release of a notice of cash allocation (NCA) amounting to...
The Department of Energy (DOE) is batting for an issuance of system impact study (SIS) for power projects that shall be shorter than three months, so the country can further speed up developments in the renewable energy (RE) sector. According to Energy Secretary Raphael P. M. Lotilla, the length of...
(Photo: DPWH) The Department of Public Works and Highways (DPWH) is fast-tracking the construction of key bridges in Tawi-Tawi with the objective of improving regional connectivity and boosting the local economy. DPWH Senior DPWH Undersecretary Emil K. Sadain said the Nalil-Sikkiat Bridge No....
Listed firm Alternergy Holdings Corporation is gaining traction on hitting the 500-megawatt scale on its portfolio buildup, with the targeted 2025 completion of its 28MW Solana solar power project in Hermosa, Bataan adding up to its well-calculated capacity growth. The solar farm project which...
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);...
It may seem like a regressive step but harsh realities of tight supply predicaments tormenting the country has been prompting the Department of Energy (DOE) to greenlight coal-fired power plant projects that are not covered by the coal moratorium issued in 2020. Following last week’s State of the...
Senator Grace Poe has formally sought an investigation into the underutilized budget of the Department of Public Works and Highways (DPWH) for flood control projects. (Noel Pabalate/MB file photo) In Senate Resolution No. 1090 she filed on Monday, July 29, Poe cited the devastation wrought by Super...
