Power utility giant Manila Electric Company (Meralco) has beefed up its supply portfolio with additional 400-megawatt baseload power supply procurement from the Limay thermal power plant of SMC Global Power Holdings of the San Miguel group. The tariff for the new interim power supply agreement...
Filinvest REIT Corp. (FILRT), the Gotianun Group’s real estate investment trust, reported a 19 percent drop in unaudited net income to P1.05 billion last year from P1.3 billion in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the firm said that excluding the net fair value...
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) and the National Irrigation Administration (NIA) have transferred ownership and operation of the Casecnan Hydroelectric Power Plant to Fresh River Lakes Corp. (FRLC). In a statement, First Gen Corp. announced on Monday,...
The Philippine Amusement and Gaming Corp. (Pagcor) expects full separation from its casino operations within the next five years, and aims to open at least one integrated resort (IR) each year to drive growth. In a statement, Alejandro H. Tengco, Pagcor chairman and chief executive officer, said...
DigiPlus Interactive Corporation (DigiPlus), a digital gaming group, will be included in the prestigious FTSE Global Equity Index Series (Micro Cap) next month following its latest semi-annual review. In a statement, DigiPlus President Andy Tsui said the company’s inclusion in the FTSE index is...
BUTUAN CITY – A mining firm has set out once again to help flood victims in Agusan del Sur. Philsaga Mining Corp.-MMPRC Foundation Inc. (PMFI) has packed relief items in line with its Corporate Social Responsibility (CSR). Each pack contained five kilograms of rice, coffee, Milo, milk, noodles,...
The Gokongwei Group’s food and beverage arm Universal Robina Corporation (URC) is putting up a new production plant in Malvar, Batangas that will produce many of the new products the firm will introduce in the coming years. “This mega plant will feature state-of-the-art manufacturing technology...
The popularity of online gaming and casinos has surged significantly, with the Philippine Amusement and Gaming Corp. (Pagcor) reporting a near doubling of revenue from electronic games of chance over the past year. Alejandro H. Tengco, Pagcor chairman and chief executive officer, said on Monday,...
State-owned Philippine Amusement and Gaming Corp. (PAGCOR) recently launched a series of relief missions to assist hundreds of individuals and families across the country. Pagcor representatives turn over more than 400 relief packs to Manila City Department of Social Welfare Director Ma. Asuncion...
Lopez-led Energy Development Corporation (EDC) will be leaning on the technology of American firm GreenFire Energy Inc. in shoring up the capacity of its geothermal assets – primarily in beefing up the generation capacity of its Mahanagdong geothermal facility in Leyte. San...
SM Investments President and Chief Executive Officer Frederic C. DyBuncio thanks the IABC for SM's 20 wins in the recently held Philippine Quill Awards. The SM Group, led by SM Investments Corporation, with BDO Unibank, Inc., SM Foundation Inc., and SM Supermalls, won 20 awards for excellence in...
Ayala Corporation, the most enduring conglomerate in the Philippines, is reaching a rare milestone this year—its 190th anniversary. Ayala traces its roots to Casa Roxas, a humble enterprise established in 1834 when Manila was just an emerging town. Propelled by purpose, Ayala evolved...
