The Court of Tax Appeals (CTA) has partially granted the petition of the National Grid Corporation of the Philippines (NGCP) as it reversed the decision issued by the Quezon City Regional Trial Court (RTC) which dismissed the P22 million claim for refund of city taxes and other business taxes. On...
First Philippine Holdings Corporation (FPHC), a member of the Lopez Group, is kicking off the operation of seven power plants worth P29.3 billion this year through Energy Development Corporation (EDC). During the firm’s annual stockholders’ meeting, FPHC President Francis Giles B. Puno said...
BACOLOD CITY – The Energy Regulatory Commission (ERC) has approved the power supply agreement (PSA) between the Central Negros Electric Cooperative (Ceneco) and the Energy Development Corp. (EDC) in a bid to stop increasing electricity rates affecting the province of Negros Occidental. In a...
While weekends are sacred respite for most families or households, consumers in Luzon cannot rest easy because they can be stricken with the malady of rotational power service interruptions anytime this Saturday following the declaration of new wave of ‘red alert’ in the grid. According to...
Aside from raising fresh capital from the investing public through its P580 million initial public offering (IPO), NEXGEN Energy Corporation is also in talks with Environmental, Social, and Governance (ESG) equity funds to help finance its renewable energy expansion program. "The company is in...
BACOLOD CITY – Mayor Albee Benitez has urged the Energy Regulatory Commission (ERC) to act on the power supply agreement between the Central Negros Electric Cooperative (Ceneco) and the Energy Development Corp. (EDC) to address the strong clamor of consumers in this city regarding the high power...
The Clark International Airport Corp. (CIAC) will boost aviation-related careers through the development of the civil aviation complex, which would position itself as the country’s future aerospace hub and a key player in the global aerospace industry. CIAC President Arrey Perez said on...
Businessman Ramon S. Ang fearlessly tackled the issue of high electricity and fuel prices in the country compared to its neighbors during the Philippine Economic Briefing on Monday, May 27. Ang, widely known as RSA, used the panel discussions at the forum, which included Budget Secretary Amenah...
The Yuchengco group’s Rizal Commercial Banking Corporation (RCBC) has identified growth opportunities for cooperatives throughout the Philippines and has committed to deliver tailored financial solutions and support for the sector. In a statement, RCBC Head of Niche Markets and Payments Channel...
The Solaire Resort North has now opened its doors in Quezon City, a development that the Philippines Amusement and Gaming Corp. (Pagcor) expects to be a catalyst for a new chapter in the gaming and tourism sectors. In a statement, Alejandro H. Tengco, Pagcor chairman and chief executive officer,...
Avia Estate (Artist's perspective) The strong economic growth in Mindanao has created excellent investment prospects in the real estate industry, especially as the Philippines recovers from the pandemic. With increasing demand for both commercial and residential buildings, developers are keen to...
The Maharlika Investment Corp. (MIC), the agency that manages the sovereignty wealth fund, said it will focus its investments on energy transmission lines across regions. MIC President and Chief Executive Officer Rafael D. Consing Jr., said that there are already many investments in generation and...
