The local stock market fell after the government reported slower economic growth for the second quarter of 2023. The main index lost 80.79 points or 1.24 percent to close at 6,449.66 as the Mining and Oil counter led all sectors in the retreat. Volume was still weak at 513 million shares...
The local stock market rose back to the 6500 level as investors cheered the stronger employment numbers and a lower trade deficit figure. The main index added 57.48 points or 0.89 percent to close at 6,530.45 as the Services sector led the advance while the Mining and Oil counter lagged...
The "gas aggregation" scheme being proposed by Prime Infrastructure Capital Inc. of the Razon group, will help soften electricity rates for consumers because the scheme will lessen the risk of gas plant-developers in their fuel procurements. This is according to ENEX Energy Corporation Chairman...
The local stock market is seen to open the week with some bargain-hunting following last week’s steep drop although investors will also be taking cues from the release of the Philippines’ second quarter economic growth data as well as the US July inflation numbers. “Given the steep decline...
The Energy Regulatory Commission (ERC) will start enforcing guidelines on the capital expenditures (capex) as well as procurements of regulated power utilities, as these cost items are being factored into the calculation of the overall tariff being passed on to consumers. The regulatory body noted...
The RP-Mission and Development Foundation Inc. (RPMD) released on Sunday, July 23, the results of its "Boses ng Bayan" poll showing the top performing Metro Manila mayors and legislators following their initial year in office. According to Dr. Paul Martinez of RPMD, the regular performance...
Total loans extended by the National Electrification Administration (NEA) to at least 18 electric cooperatives (ECs) topped P560 million in the first half of the year. Based on data released by NEA’s Accounting Management and Guarantee Department (AMGD), the power utilities serving consumers in...
bp ventures, the venture capital business unit advancing the net zero goal of multinational energy firm BP, is injecting $10 million into WasteFuel Global, a subsidiary of Razon-led Prime Infrastructure Capital Inc. With the investment, Prime Infra reiterated in a press statement that WasteFuel is...
Transmission firm National Grid Corporation of the Philippines (NGCP) is advancing its plea for regulatory support -- primarily on the removal of caps and for the timely approval of its capital expenditure (capex) program, so it can inject much-needed investments for the massive-scale integration of...
Metropolitan Manila Development Authority (MMDA) Acting Chairman Romando Artes said on Thursday, June 15, that the revolutionary Single Ticketing System (STS) being implemented in some cities in the Metro are yielding positive results and that other local government units (LGUs) in the National...
Parts of Metro Manila and Rizal province will experience water service interruption from June 6 to 9 due to line-related maintenance, east zone concessionaire Manila Water said. *(File photo) * In a statement, Manila Water said the affected areas include Quezon City, Marikina City, San Juan City,...
Razon-led Prime Infrastructure Capital Inc. has inked a memorandum of understanding (MOU) with FGEN LNG Corporation of the Lopez group for the lease and operation of the latter’s liquefied natural gas (LNG) storage and regasification terminal for its gas aggregation business plan. Beyond the MOU,...
