The Energy Regulatory Commission (ERC) has logged roughly P50 billion worth of aggregate savings for customers that have been availing of electricity services from the retail electricity suppliers (RES). According to ERC Chairperson Monalisa C. Dimalanta, the scale of cost savings registered by RES...
The Ayala group will be dangling a bundled package of renewable energy (RE) and electric vehicles (EVs) in its offer of contracts to targeted customers in the space being served by retail electricity suppliers (RES) in the restructured power sector. With its suite of service-offers that will not...
Metro Retail Stores Group, Inc. (MRSGI) of Cebu’s Gaisano family expanded into the home furnishing and hardware business with the opening of its first Metro Home Improvement store at Marquee Mall, Angeles. In a disclosure to the Philippine Stock Exchange, the firm said this addition marks a...
Alcantara-led Alsons Power has sealed its first retail electricity supply (RES) agreement with Holcim Philippines, Inc., a leading supplier of cement and construction aggregates in the country. In the power supply deal inked by the parties, it was stipulated that “Alsons Power will supply 80% of...
The Gokongwei Group’s Robinsons Retail Holdings Inc. reported that its attributable net income surged 3.8 times to P6.8 billion in the first half of 2024 from P1.8 billion in the same period last year due to a one-time gain from the Bank of the Philippine Islands-Robinsons Bank merger in the...
The Gokongwei Group’s Robinsons Retail Holdings Inc. (RRHI) announced that it will have a new president, Stanley C. Co, taking the helm from Robina Gokongwei-Pe who will move up as Chairman of the Board of Directors. In a disclosure to the Philippine Stock Exchange, the firm said that, at the...
Going on trips with the family not only creates lasting memories to be cherished but also strengthens bonds with family members. However, for parents with babies and toddlers, traveling can be challenging, as the stress of keeping them safe and entertained in unfamiliar places can overshadow the...
The Department of Trade and Industry (DTI) is planning to streamline the suggested retail price (SRP) bulletin by removing certain products. In a statement on Wednesday, Junly 3, DTI said this proposal was presented at a recent meeting of the National Price Coordinating Council (NPCC)....
ACEN Corporation of the Ayala group and multilateral lending firm Asian Development Bank (ADB) have solidified their partnership in the “green power revolution” sphere, as the latter has switched on its renewable energy (RE) supply sourcing to the Ayala firm. The bank will procure 100 percent...
SM Advantage Card (SMAC), the country’s biggest retail rewards system, doubled its loyalty base from five million in 2020 to reaching over 10 million members to date as it continues to reach more customers. In a statement, SM Investments Corporation said it has been reinforcing its...
Two Gokongwei Group conglomerates landed in the inaugural Fortune Southeast Asia 500 ranking for 2024, a first-time list of the largest companies in the region ranked by revenue for the 2023 fiscal year. JG Summit Holdings, Inc. (JG Summit) ranked 55th among the 500 largest companies in...
With RES, businesses can achieve significant savings on electricity costs, enhancing overall financial performance. Newsrooms typically race against time to break the latest stories and deliver attention-grabbing headlines to the public with seamless connectivity – hence, access to reliable and...
