President Marcos is hopeful that he can gain “insights” from international consulting firm McKinsey & Company on how to transform the Philippines’ economy. Courtesy call of McKinsey & Company, led by Global Managing Partner Bob Sternfels, to President Ferdinand ‘Bongbong’...
Manila Water Philippine Ventures (MWPV) and the Canlubang Sugar Estate (CSE) have collaborated on a P1.4-billion bulk water supply project aimed at enhancing water accessibility in more towns in Laguna. In a statement on Monday, Aug. 12, Manila Water said that the 25-year partnership between its...
Cagayan de Oro City 2nd district Rep. Rufus Rodriguez (Facebook) Cagayan de Oro City 2nd district Rep. Rufus Rodriguez had this to say Sunday, Aug. 11, a day ahead of the resumption of the House Committee on Legislative Franchises' hearing on bills that...
State-run Philippine National Oil Company (PNOC) is seeking the allocation of P6.02 billion supplemental budget so it can have ready financial capacity to cough up investment in case one of the consortium-members in the Malampaya gas field project would face snags in its capital contribution to the...
Manila Water Company, a utility controlled by richest Filipino Enrique K. Razon Jr., reported a 37 percent jump in consolidated net income to P6.91 billion in the first half of 2024 from P5.05 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
The Ty family’s Metropolitan Bank & Trust Co. (Metrobank) reported a 13 percent growth in net income to a record P23.6 billion in the first semester of 2024 from the P20.9 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the Banks said profit...
The newly collected data from the completed seismic surveys of Israeli firm Ratio Petroleum and state-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) will enable a comprehensive assessment of the actual reserves’ potential for oil and gas at their service contracts in the...
Senator Alan Peter Cayetano has filed a resolution seeking to postpone the bidding for Manila Electric Company’s (Meralco) 600-megawatt and 400-megawatt power supply requirements. (Photo from the Office of Senator Alan Cayetano) In filing Senate Resolution 1090 dated July 29, Cayetano said that...
State-run firms Philippine National Oil Company (PNOC) and the National Power Corporation (NPC) have inked a memorandum of understanding (MOU) that will cement their collaboration on setting up a pilot project for the rollout of hybrid systems leaning on solar and wind farms in energizing off-grid...
East Zone concessionaire Manila Water Company said that La Mesa Dam is approaching its spilling level due to sustained heavy rains. In an advisory on Wednesday, July 24, Manila Water stated that La Mesa Dam is expected to overflow once it reaches the level of 80.15 meters. According to the water...
The Manila Electric Co. (Meralco) assured that it practices the government-mandated competitive selection process (CSP), which involves an open and transparent manner to ensure that consumers benefit from sufficient least-cost supply. “We would like to reiterate that Meralco strictly observes and...
Senator Alan Peter Cayetano has called for a suspension of Manila Electric Company (Meralco)’s Competitive Selection Process (CSP) for 600 megawatts of baseload supply starting next year, amid concerns regarding fairness. (Photo from the Office of Senator Alan Peter Cayetano) "So Madam ERC, I...
