Transmission firm National Grid Corporation of the Philippines (NGCP) has tossed the blame on the Energy Regulatory Commission (ERC) on its delayed rate-setting; while forthrightly claiming that all of its incurred costs and expenses are ‘legitimate’ and according to the regulatory principles...
The allowable revenues of transmission firm National Grid Corporation of the Philippines (NGCP) had been pared by more than half to P183.491Billion, or lower by more than P204 billion from the company’s original claims of P387.803 billion as applied for under its fourth regulatory reset. In a...
State-owned Bases Conversion and Development Authority (BCDA) invited two Italian businesses to set up or expand their operations in New Clark City. The BCDA delegation urged Italy’s top business associations, Confindustria and The European House Ambrosetti, to take an interest in investing in...
Power utility giant Manila Electric Company (Meralco) is scheduled to a sign a ‘nuclear cooperation agreement’ with US firm Ultra Safe Nuclear Corp for the targeted installation of a micro modular reactor (MMR) demonstration project in the Philippines. Meralco Executive Vice President and Chief...
Finance Secretary Benjamin E. Diokno is urging the National Power Corp. (NPC) to improve access to electricity in remote communities. During the NPC's 87th Anniversary, Diokno reminded the company of its mission to provide electricity to remote areas and islands in the Philippines and assured them...
Gaming firm DigiPlus Interactive Corp. (DigiPlus), formerly Leisure and Resorts World Corporation, reported a more than tenfold surge in net income to P2.1 billion in the first nine months of the year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said this was driven by the...
Government-run casino centers are in for a major upgrade as the Philippine Amusement and Gaming Corp. (Pagcor) expects to deliver 3,000 brand new slot machines by January next year. Ajejandro H. Tengco, Pagcor chairman and chief executive officer, said the delivery of brand new slot machines is a...
The Philippine Amusement and Gaming Corp. (Pagcor) expects that the local gaming industry will see further growth in the coming years, fueled by increased demand for leisure, travel, and entertainment. In a statement, Ajejandro H. Tengco, Pagcor chairman and chief executive officer, said the gaming...
AyalaLand Logistics Holdings Corp.'s (ALLHC), an Ayala Land Inc. subsidiary, reported that its net income dropped by 37 percent to P354 million in the first nine months of this year from P565 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), ALLHC’s...
Senators renewed their call on Monday, Oct. 30 to ban Philippine Overseas Gaming Operators (POGOs) and create stiffer regulations in the country following a raid in Pasay City that resulted in the rescue of more than 700 individuals. Senate Majority Leader Joel Villanueva said that it baffles...
Carmen's Best, a pioneer in the world of locally-produced gourmet ice cream, recently demonstrated its unwavering commitment to uncompromised quality at its "Day of Joy" celebration last Oct. 16, held at the Marquis Events Place in Taguig. Carmen’s Best Director Felipe Bince; Metro Pacific Agro...
Despite forecasts of ‘yellow alert’ that could strain Luzon grid, the Department of Energy (DOE) is trying to lean on a 700-megawatt supply buffer or reserve margin to avert incidents of electricity service interruptions during the October 30 Sangguniang Kabataan (SK) and barangay elections....
