Owing to profit contribution of its all-renewable energy (RE) subsidiary, First Gen Corporation has posted a 30 percent hike in its recurring net income to $167 million, approximately P9.0 billion, in the first half of the year versus $128 million or P7.0 billion, in the same period last...
Greenfield plants and the elevated prices in the Wholesale Electricity Spot Market (WESM) boosted Ayala-led ACEN Corporation profits in the first half this year to P4.2 billion, up 94 percent from P2.2 billion in a comparative period last year. The company’s consolidated revenues had also grown 28...
Major oil firm Petron Corporation reported a 20 percent decline in net income in the first half of this year to P6.14 billion from a more robust profit level of P7.7 billion in the same period last year. Despite the rebound in economic activities post-pandemic, the oil firm emphasized that both its...
With the robust financial performance of its power generation and retail electricity supply (RES) portfolios, the consolidated core net income of Manila Electric Company (Meralco) rose 47 percent to a record high of P19.205 billion in the first half of this year versus P13.088 billion in the same...
Revenue stream from its Dinginin coal-fired power plant had been the main driver of Aboitiz Power Corporation’s income surge to P17.8 billion in the first half, 79 percent jump from P10 billion in a comparative period last year. The income surge was largely boosted during the second quarter...
The Civil Service Commission (CSC) reminded government agencies on Monday, June 26 of the deadline for submission of the 2022 Statement of Assets, Liabilities, and Net Worth (SALN) to the appropriate repository agency, which is set on June 30. According to CSC, under the CSC Memorandum Circular No....
Listed firm Shell Pilipinas Corporation (SPC) has inked a memorandum of understanding (MOU) with the Department of Environment and Natural Resources (DENR) on the advancement of nature-based solutions (NBS) that will aid the company in meeting its mid-century net zero decarbonization goal. Shell...
Ayala-led Globe has been ramping up its shift to renewable energy (RE) technologies with the latest addition of its Iloilo facility in its portfolio of green energy users. Following this switch on energy usage, the company indicated that 25 of its facility-sites are now powered by clean energy –...
Growing power demand in the Mindanao grid boosted the Alcantara-led Alsons Consolidated Resources Inc. (ACR) to register a 67 percent increase in net income to P542.27 million in the first quarter this year from P342 million in the same period last year. Following that level of profitability, the...
ACEN Corporation, the energy investment arm of the Ayala group, becomes the first energy company in Southeast Asia to have cemented its mid-century "net zero" pathway or the specific timelines to achieve targets for zero gas emissions emanating from its businesses or operations. According to ACEN...
Shell Pilipinas Corporation has joined the league of corporates that have been showing financial rebound from the scourge of the coronavirus pandemic, having registered a net income of P4.1 billion, or 6.0-percent higher from a leaner P3.9 billion earnings in 2021. In a statement to the media, the...
BC Net chairman Dioceldo Sy Dioceldo“Deo” Sy has always believed in making quality yet affordable products and services easily accessible to Filipinos. Often referred to as the father of cosmetics in the Philippines, owing to his reputation for bringing a slew of makeup brands within reach of...
