Total loans extended by the National Electrification Administration (NEA) to at least 18 electric cooperatives (ECs) topped P560 million in the first half of the year. Based on data released by NEA’s Accounting Management and Guarantee Department (AMGD), the power utilities serving consumers in...
bp ventures, the venture capital business unit advancing the net zero goal of multinational energy firm BP, is injecting $10 million into WasteFuel Global, a subsidiary of Razon-led Prime Infrastructure Capital Inc. With the investment, Prime Infra reiterated in a press statement that WasteFuel is...
Transmission firm National Grid Corporation of the Philippines (NGCP) is advancing its plea for regulatory support -- primarily on the removal of caps and for the timely approval of its capital expenditure (capex) program, so it can inject much-needed investments for the massive-scale integration of...
Metropolitan Manila Development Authority (MMDA) Acting Chairman Romando Artes said on Thursday, June 15, that the revolutionary Single Ticketing System (STS) being implemented in some cities in the Metro are yielding positive results and that other local government units (LGUs) in the National...
Parts of Metro Manila and Rizal province will experience water service interruption from June 6 to 9 due to line-related maintenance, east zone concessionaire Manila Water said. *(File photo) * In a statement, Manila Water said the affected areas include Quezon City, Marikina City, San Juan City,...
Razon-led Prime Infrastructure Capital Inc. has inked a memorandum of understanding (MOU) with FGEN LNG Corporation of the Lopez group for the lease and operation of the latter’s liquefied natural gas (LNG) storage and regasification terminal for its gas aggregation business plan. Beyond the MOU,...
The Metropolitan Waterworks and Sewerage System (MWSS) has assured the public that there will be no water shortage in Metro Manila amid the threat posed by El Niño. (File photo) MWSS Administrator Leonor Cleofas said they have prepared “for the worst” in anticipation of the possible impacts of...
The Philippine Chamber of Commerce and Industry (PCCI) is requesting the government to allocate a portion of the limited sugar importation for the domestic food and processing industry, stating the high cost of sugar in the country could trigger another spike in inflation due to higher prices in...
San Juan City Mayor and Metro Manila Council (MMC) President Francis Zamora revealed that only eight out of 17 localities in Metro Manila have passed and amended their respective ordinances to implement unified fines and penalties in the 20 identified common traffic violations for the single...
San Juan City Mayor Francis Zamora San Juan City Mayor Francis Zamora said the national government's plan to create a subway system in Metro Manila will be a "game changer" and will help decongest traffic in the National Capital Region's (NCR) major thoroughfares. Zamora, who was named chairman of...
The local market recovered most of the day’s steep losses as investors continue to fret over the possibility that the Fed will remain aggressive with rate hikes. The main index lost 19.39 points or 0.29 percent to close at 6,589.88 with sectoral indices evenly divided. Volume rose to 798...
The local stock market gained despite some profit-taking as investors wait for the February’s inflation figures. The main index added 15.75 points or 0.24 percent to close at 6,671.12 as the Services sector led the advance while Conglomerates declined. Volume fell to 656 million shares...
