Real estate giant Ayala Land Inc. is set to seal a P14-billion sustainability bond deal exclusively with the World Bank’s International Finance Corporation (IFC) on or before Friday, July 19, 2024. In an interview after the listing of the firm’s P6 billion ASEAN Sustainability bonds at the...
The ‘energy insecure’ state of Luzon grid lingers, as system operator National Grid Corporation of the Philippines (NGCP) declared second wave of ‘yellow alert’ condition in the country’s biggest power grid this week. The state of ‘yellow alert’, which entails insufficiency of power...
With array of factors which caused unavailability of 1,652 megawatts in the system, the tripping of the 417.4MW San Gabriel gas-fed power facility has prompted the declaration of ‘yellow alert’ condition in the Luzon grid. In the context of the power industry, to be plunged into ‘yellow...
The full completion of the 230-kilovolt Cebu-Bohol interconnection project will decongest power supply flow in the tourist-haven Bohol; and will also have positive spillover effect to improving power supply in the Luzon grid by taking the edge off on the existing Leyte-Bohol submarine cable....
By James A. Loyola NexGen Energy Corporation, a renewable energy corporation with a portfolio of solar and wind service contracts, debuted on the upside at the Philippine Stock Exchange (PSE) with its share price rising 1.79 percent to P1.71 per share. The firm and its principal shareholders raised...
The Department of Agriculture (DA) has called on the Philippine Crop Insurance Corp. (PCIC) to modernize its operations and enhance the accessibility of its insurance products and services to better cater to farmers, fisherfolk, and livestock raisers. In a statement, Agriculture Secretary Francisco...
By JAMES A. LOYOLA A-FLOW Properties I Corp. (A-FLOW), a joint venture between AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Digital Infrastructure, has secured a P2.4-billion loan from the Land Bank of the Philippines (Landbank). A-FLOW said it had signed the loan agreement representing...
The Philippines' online casino industry is booming, with revenues of electronic games (E-Games) operators more than tripling in the first half of the year due to increased interest from Filipino players. The Philippine Amusement and Gaming Corp. (Pagcor) reported that the E-Games sector recorded a...
iGlobal Financial Services, Inc. (iGlobal.ph), a financing firm serving entrepreneurs by bridging the gap between traditional banking and alternative funding sources, has been granted a P500 million credit guarantee by the state-run Philippine Guarantee Corp. Seated (L-R): Celso R....
President Marcos has reminded Filipinos of their responsibility to protect the environment by conserving energy as the country strives for a stable and reliable power supply. President Ferdinand ‘Bongbong’ Marcos Jr. (RTVM screenshot) Marcos said this as he led the inauguration of the...
By MYRNA VELASCO The grinding task of ensuring ‘fair and transparent’ trading outcomes in the electricity reserve market has been tossed as a responsibility of the Philippine Electricity Market Corporation (PEMC), which is also the governance body of the Wholesale Electricity Spot...
BY MYRNA VELASCO The ongoing geothermal exploration and development activities of the Sy-led Philippine Geothermal Production Company, Inc. (PGPC) will beef up the country’s baseload power capacity by up to 400 megawatts (MW), once the steam output would already be fed into offtaker-generating...
