The Philippine Amusement and Gaming Corp. (Pagcor) has partnered with the Development Academy of the Philippines (DAP) for the privatization of its casinos. Alejandro Tengco, Pagcor chairman and chief executive officer, said they tapped DAP’s technical assistance to comply with the requirements...
The Philippine Amusement and Gaming Corp. (Pagcor) said the privatization of state-run casinos is set to be completed within the next two years. Alejandro H. Tengco, Pagcor chairman and chief executive officer, said the agency is currently undergoing a transition towards functioning solely as a...
Lopez-led First Gen Corporation will be supplying additional 20 megawatts of renewable energy-based capacity to Central Negros Electric Cooperative (CENECO), one of the biggest power distribution utilities in the Visayas region. In a statement to the media, First Gen noted that the supply of...
Philippine Dealing System Holdings Corp. (PDS Group) has sealed a partnership with Asia’s leading Environmental, Social, and Governance (ESG) data and technology solutions company, STACS. The partnership will allow the PDS Group to utilize STACS’s ESGpedia platform to support corporate...
The Commission on Audit (COA) has granted the petition for money claim filed by Southern Philippines Power Corporation (SPPC) against the National Power Corporation (NPC) and the Power Sector Assets and Liabilities Management Corporation (PSALM) for the payment of contractual obligations under the...
The Philippine Amusement and Gaming Corp. (Pagcor) has warned the public about the emergence of unlicensed offshore gaming in the country that has the potential to jeopardize one's personal and financial information. In a statement, the government's gaming regulator and operator announced the...
LONDON, England – The Department of Energy (DOE) is seriously planning installations for a ‘parallel green grid system’ that will underpin the integration of mammoth renewable energy (RE) facilities, primarily the 50-gigawatt offshore wind (OSW) ramp up which is the dominant technology cast...
Ayala-led ACEN Corporation has committed tripling of investments in the Australian energy market to AU$6 billion until 2026; and that primarily gained recognition from visiting Australian Prime Minister Anthony Albanese. The Australian leader’s acknowledgment of the core ventures of the Ayala...
ILIGAN CITY – A National Grid Corp. of the Philippines (NGCP) tower in Barangay Paiton, Kauswagan, Lanao del Norte was bombed before dawn on Thursday, September 8. A police officer was killed when a bomb component went off during clearing operation. TOWER No. 14 of the Baloi-Aurora 138-KV line...
Metro Pacific Investments Corporation (MPIC) reported that its planned voluntary delisting will now push through after the bidders have obtained enough shares from a tender offer to bring down the firm’s public float to less than five percent. In a disclosure to the Philippine Stock Exchange...
More than 7.0 million customers of Manila Electric Company (Meralco) will experience squeeze in their household budgets as the electricity tariff of the power utility will rise by P0.5006 per kilowatt hour (kWh) in its September billing cycle. The rate hike will drive up Meralco’s overall...
Universal Robina Corp. (URC), the food and beverage unit of the Gokongwei Group, has been named as one of the Philippines’ best-managed companies in a survey of hundreds of investors, brokers and analysts across Southeast Asia. The company was cited for its “strongest adherence to corporate...
