Ayala Land Inc., Megaworld Corp., Robinsons Land Corp., and SM Prime Holdings Inc., the Philippines’ top four property developers, are set to accelerate their premium residential projects over the next one to two years, in a bid to cushion the impact of slowing demand in the mass housing segment....
Renewable energy (RE) firm Alternergy Holdings Corporation is eyeing to wrap up construction works for its four projects before the end of the year. During the Alter PSE Investor Day, Gerry P. Magbanua, president of Alternergy, explained that they are aiming to increase its RE capacity through...
The Department of Energy (DOE) will be locking horns with system operator National Grid Corporation of the Philippines (NGCP) to resolve the “ mismatch ” in the country’s transmission development game plan, to ensure that the grid actually delivers where the capacities are needed....
An unexpected power outage could not have come at a more ironic moment, as the Department of Energy (DOE) experienced a brownout at its own head office in Taguig City during a press briefing led by the DOE chief himself. During a press conference held by Energy Secretary Raphael P.M. Lotilla,...
Zobel-led Ayala Corporation’s smaller and newer businesses have turned around or are reducing losses amid measures being taken to ensure their profitability in about two years. “Our smaller, newer companies are turning the corner. We are constructive on the year,” Ayala President and CEO...
SINGAPORE—The Philippine government is currently sharpening its next climate battle plan that will anchor its third round of nationally determined contributions (NDC 3.0) submission ahead of the COP30 Climate Change Summit slated at the Amazonian city of Belem in Brazil by November this year. In...
RL Commercial REIT Inc. (RCR), the real estate investment trust of Gokongwei-led Robinsons Land Corporation, is aiming to triple its market capitalization to ₱300 billion from the current ₱100 billion in three years through infusions of RLC’s offices and malls. In a media briefing after the...
