The "prince of darkness" is taking back the crippling journey to Luzon, as the country’s major power grid has been placed on "red alert" for the second time this week – entailing that consumers must prepare for the strike of probable rotational brownouts. System operator National Grid...
Isuzu Philippines Corporation (IPC) has renewed its partnership for the 2024 Philippine Rallycross Series as part of its commitment to the motorsport community in the country. Robert Carlos, IPC assistant division head for sales, announced Monday, April 15 that the partnership, which began in...
Flourishing solar power developer giant Citicore Renewable Energy Corporation (CREC) has secured P9.0 billion worth of loans from Yuchengco-led Rizal Commercial Banking Corp (RCBC) with an option to increase it to P20 billion; and that will be funneled mainly for the commercial development of its...
From Left: Atty. Bobby G. Fondevilla, Concurrent-Executive Director, Management Services, Philippine Board of Investments; Hon. Ruth Mariano-Hernandez, District Representative, 2nd District of Laguna; Hon. Ramil L. Hernandez, Governor, Province of Laguna; Nathalie Baladad, Section Head, IPC...
Senator Lito Lapid has reiterated that using renewable energy (RE) sources can help address the brownouts being experienced in Negros Occidental, Panay Island, and other areas in the country. Lapid said the country must improve usage of RE sources such as solar, wind, and hydropower. Using...
The Philippines is eyeing to firm up collaboration and prospective private sector partnerships with the United States for targeted deployment of next-generation geothermal technologies in the country. According to Energy Secretary Raphael P. M. Lotilla, the Philippines will “identify advances...
The government recorded a rise in revenue stemming from the operations of the Philippine Amusement and Gaming Corp. (Pagcor), surpassing the levels seen prior to the pandemic-induced lockdowns. Data from the Bureau of the Treasury indicated that the government's gaming regulator and operator...
DigiPlus Interactive Corporation (DigiPlus), one of the fastest-growing digital entertainment companies in the Philippines, continues to expand both its onsite and online gaming business, as well as possibility of exploring overseas markets in the future. The firm said that it is eyeing more...
Security Bank Corporation and Mitsubishi Motors Corporation have formed a joint venture firm Mitsubishi Motors Finance Philippines Inc. to offer financing services to Mitsubishi customers amid a rapidly expanding domestic car market. In a disclosure to the Philippine Stock Exchange (PSE),...
President Marcos has prodded the National Grid Corporation of the Philippines (NGCP) to finish its projects on time as he hailed the organization as the "bedrock" of the country's progress and well-being. President Ferdinand ‘Bongbong’ Marcos Jr. (RTVM screenshot) Marcos said this as he led the...
President Marcos has lauded the energization and inauguration of the newly completed Cebu-Negros-Panay (CNP) 230-kiloVolt (kV) Backbone Stage 3 (CNP3), saying it brings the country one step closer to having a stable and reliable power transmission. President Ferdinand ‘Bongbong’ Marcos Jr....
In light of the ongoing El Niño phenomenon, the Department of Budget and Management (DBM) has provided P900 million to cover crop insurance premiums for farmers and fisherfolk in the country. Budget Secretary Mina F. Pangandaman announced on Sunday, April 7, that the funding has been released to...
