State-run Philippine National Oil Company (PNOC) has signed a deal with Indonesian oil and natural gas firm PT Pertamina to collaborate on liquefied natural gas (LNG) partnerships and other initiatives in the energy sector. During the Norway-Philippines LNG Summit 2024, Oliver Butalid, PNOC...
Terry Ridon (Facebook) Former Kabataan Party-list Rep. Terry Ridon is prodding the Energy Regulatory Commission (ERC) to immediately resolve the long overdue tariff review of the Manila Electric Company (Meralco), the country's biggest power...
Pangilinan-led Metro Pacific Investments Corporation (MPIC) reported a 28 percent growth in consolidated core net income, hitting a record P20.8 billion in the first nine months of 2024, from P16.2 billion in the same period last year. In a statement, the firm said improved financial and operating...
Meralco The House of Representatives has overwhelmingly approved on third and final reading the bill seeking a new 25-year franchise for the Manila Electric Co.(Meralco), the country's biggest power distributor. The propsosed franchise...
To efficiently help with the operations and maintenance of its water facilities, East zone concessionaire Manila Water Co. will roll out its integration of communication and automation technologies at the Calawis and Medium-Term Common Line (MTCL) Water Supply System Projects Phase 1. The...
Pangilinan-led Philex Mining Corporation reported a 29 percent drop in core net income to P610 million in the first nine months of 2024 from the P864 million earned in the same period last year due to lower ore grades mined. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
The Energy Regulatory Commission (ERC) will need to revisit and review a few matters with power distribution giant Manila Electric Company (Meralco) regarding its fifth regulatory period (5RP) as it said that they were expecting a refund approval last week. During a media briefing, reinstated ERC...
Metropolitan Bank & Trust Company (Metrobank) has approved the sale of its asset management unit to ATR Asset Management Inc. (ATRAM) while Union Bank of the Philippines is also in talks to merge its trust business with that of ATRAM. "These are bold moves by ATRAM to quickly scale up its trust...
Ty-led Metropolitan Bank & Trust Co. (Metrobank), the country’s second-largest bank, registered a 12.4 percent improvement in net income to a record P35.7 billion in the first nine months of 2024 compared to the same period a year ago. In a disclosure to the Philippine Stock Exchange, the...
Manila Water Company is investing P141.5 million for its third septage treatment plant (SpTP), the Pinugay Septage Treatment Plant (SpTP) in Barangay San Jose, Antipolo City, with the goal of protecting the environment and safeguarding public health. Expected to be completed by September 2025, the...
San Miguel Corporation, the diversified conglomerate controlled by tycoon Ramon S. Ang, has completed its P1.02 billion acquisition of the interests of Razon-led Manila Water Company in two Bulacan water projects. In a disclosure to the Philippine Stock Exchange (PSE), Manila Water said the closing...
In a small town in Albay, the marine environment houses diverse aquatic species crucial for biodiversity. Unfortunately, the climate crisis is set to worsen the reduction of diversity in marine ecosystems, which prompts the need to adopt sustainable practices and preserve with urgency the resources...
