Ahunan Power Inc., a subsidiary of Razon-led Prime Infrastructure Capital Inc., has proposed a power supply agreement (PSA) with the Manila Electric Company (Meralco) to deliver 500 megawatts of mid-merit power capacity from a pumped storage hydropower facility. In a statement to the media, Ahunan...
The depletion of the Malampaya gas field is becoming extremely visible, as its reported production for three quarters in 2021 significantly dipped to 79.054 billion cubic feet (bcf) almost half only of its 141.732 bcf level in 2020. Data from the Department of Energy (DOE) showed that 76.040 bcf of...
Razon-led Prime Infrastructure Capital Inc. reported that it already completed the Tayabasan weir, which is the phase 1 of its Wawa bulk water supply project that has been targeted to supply the water needs of consumers in Metro Manila as well as those in Rizal province. According to project...
Outgoing Energy Secretary Alfonso G. Cusi has withdrawn the libel and cyber libel suits that he filed against seven media outlets in November last year relating to the controversies linked to the sale of the Malampaya deep water gas-to-power venture to businessman Dennis Uy. In a statement to the...
Razon's Prime Infra slates P28-B IPO By JAMES A. LOYOLA Prime Infrastructure Capital Inc. (Prime Infra) of the second richest Filipino Enrique K. Razon Jr. is planning an initial public offering worth up to P28.2 billion. The Securities and Exchange Commission has received the registration...
Surigao del Sur 2nd district Rep. Johnny Pimentel says that there are no hurdles blocking Enrique Razon and his Prime Infra Holdings Inc’s acquisition of Dennis Uy’s controlling stake in the Malampaya gas field. “We, in Congress, have always maintained that private parties are free to get in...
The Department of Energy (DOE) indicated that it is amenable to planned takeover of Razon-led Prime Infra Holdings Inc. for the continued operations of the Malampaya gas field facility. In a statement to the media, Energy Secretary Alfonso G. Cusi noted that the ongoing partnership discussions...
Razon-led Prime Infra Holdings Inc. has announced plan to acquire majority shares of the controlling stake held by Davao businessman Dennis Uy in the depleting Malampaya gas field project, of which Service Contract 38 (SC 38) will also expire in February 2024. Uy has 45 percent shareholdings in...
Bloomberry Resorts Corporation, reported an unaudited consolidated net income of P679.4 million for the first quarter of 2022, reversing from net loss of P780.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the owner of Solaire Resort & Casino and Jeju...
Bloomberry Resorts Corporation (BLOOM), the gaming firm of the country’s second richest man Enrique Razon Jr., is investing in the delayed Mactan and Clark casino project of Dennis A. Uy’s PH Resorts Group Holdings Inc. (PHR). In a disclosure to the Philippine Stock Exchange, Bloomberry said it...
Bloomberry Resorts Corporation sees strong revenue potential in its online gaming business which is started late in 2020. During the firms annual stockholders’ meeting, Bloomberry Chairman Enrique K. Razon Jr. said “We started online gaming on a limited fashion in November of 2020 and have been...
Bloomberry Resorts Corporation, whose subsidiaries own and operate Solaire Resort & Casino and Jeju Sun Hotel & Casino (Jeju Sun), reported audited consolidated net loss of P4.2 billion for 2021, an improvement compared to net loss of P8.3 billion in 2020. In a disclosure to the Philippine...
