Premier Apple partner Power Mac Center (PMC) is celebrating 32 stellar years in the Philippines, with month-long special offers culminating in a mission-filled fan event where attendees can take home exclusive prizes and limited-edition commemorative merch. “Thirty-two years in this business is...
Further increasing the key borrowing cost to five percent is needed to curb still-elevated price pressures that are hurting consumers’ pockets, Frankfurt-based Deutsche Bank AG said. Deutsche Bank Research joined the hawkish consensus, pricing in a quarter-point hike at the monetary...
The Philippines may be enduring a sluggish first-half economic acceleration, but it still has a few good cards to play. Global bank HSBC sees renewables and AI data centers as juicy “sweet spots” that could lure billions in foreign capital, giving the economy a real shot at turning a growth...
San Miguel Corp., the country’s largest conglomerate, reported a 48 percent jump in first-half consolidated core net income to ₱54.2 billion, driven by robust performance across its power, fuel, and food operations despite the volatile global backdrop, elevated operational costs, and weaker...
The most ridiculous political plot twist to hit the headlines last week was the filing of bills by several lawmakers seeking to delay the Sangguniang Kabataan (SK) and Barangay elections yet again to either 2027 or 2028. Their most inventive excuse so far? The lingering “energy emergency”...
Manila Electric Co. (Meralco) is ramping up infrastructure investments and cracking down on illegal connections as part of its multi-pronged strategy to drive down system losses that drive up consumer electricity bills. In a statement on Sunday, Aug. 16, Larry Fernandez, Meralco head of utility...
Parts of Tondo, Manila are scheduled to experience power interruptions on Sunday, Aug. 16, due to the replacement of electrical poles along Honorio Lopez Boulevard in Balut. Meralco issued the advisory at around 8 a.m. Sunday, with the affected areas set to experience interruptions at different...
The Philippines needs to rebuild its pool of nuclear-trained workers as it moves closer to developing nuclear power, with many local experts having either retired or taken their skills overseas, according to state-run National Power Corp. (Napocor). Following a recent meeting with the Vienna-based...
The Department of Energy (DOE) has delayed the competitive auction for the country’s largest coal deposit on Semirara Island to as far as November, seeking to overhaul contract terms to channel the vast majority of output toward domestic power generation and secure a larger government royalty...
Members of the South Cotabato II Electric Cooperative Inc. (Socoteco) are scheduled to vote on a proposed joint venture with IGNITE Power in a monthlong plebiscite that will shape the future of the power utility serving General Santos City, Sarangani province, and parts of South Cotabato. About...
Consunji-led Semirara Mining and Power Corp. (SMPC) is cutting its coal production target by more than one-third and laying off hundreds of workers as uncertainty persists over who will operate Semirara coal mine after its 50-year contract expires next year. In a statement on Monday, Aug. 10, SMPC...
The country’s power supply mess is getting uglier by the day, particularly in the Visayas. Perhaps President Marcos’ “mahiya naman kayo” verbal fireworks now need to be directed squarely at Department of Energy (DOE) officials. While millions of distressed Filipinos endure tight supply and...
