The Energy Regulatory Commission (ERC) has finally lifted the suspension it earlier imposed on the settlement of traded capacities in the co-optimized reserve market, hence, consumers will have to brace for added cost burden in their forthcoming electric bills. With the lifting of the settlement...
The bargaining chip dangled by the Department of Energy (DOE) on the proposed corporate life extension for state-run Power Sector Assets and Liabilities Management Corporation (PSALM) is to prevent transfer of P300 billion worth of its residual debts to the national government coffers. “At this...
DigiCo, a digital entity owned by businesses led by Manuel V. Pangilinan or the MVP Group, has sealed separate agreements to acquire a 10 percent interest in Bayad Center and 100 percent of Multipay Corporation for a yet undisclosed amount. "Having both online and offline solutions, Bayad and...
AyalaLand Logistics Holdings Corp. (ALLHC), an Ayala Land Inc. (ALI) subsidiary, delivered a 22 percent growth in consolidated net income to P413 million in the first half of the year from the P339 million earned in the comparative period of 2023. In a disclosure to the Philippine Stock Exchange...
The Marcos administration increased its financial backing for the National Irrigation Administration (NIA) while scaling back support for the Philippine Health Insurance Corp. (PhilHealth) in the first half of the year. Data from the Bureau of the Treasury revealed that the national government...
Senate Minority Leader Aquilino "Koko" Pimentel III told the Philippine Amusement and Gaming Corporation (Pagcor) to follow President Marcos' directive on banning Philippine Offshore Gaming Operators (POGOs) amid concerns that they were merely cloaked under the new name, Internet Gaming Licensees...
The Philippine Amusement and Gaming Corp. (Pagcor) has refuted claims of instructing local government units (LGUs) to immediately halt the operations of Philippine Offshore Gaming Operators (POGO) by early August. In a statement on Saturday, July 27, Jessa Mariz Fernandez, head of Pagcor’s...
Cebu-based Top Line Business Development Corp. (Topline) is pursuing robust expansion on its core business in the fuel industry, primarily to meet the growing needs of retail as well as commercial end-users in its main market in the Visayas. According to Topline Chairman Erik Lim, who is also the...
Starting at just P145 per year, Filipinos can now have their hospital bills covered for the top three critical illnesses with the introduction of Oona Philippines' new insurance product. The Critical Illness Insurance was designed to provide affordable coverage for three major health threats:...
Yuchengco-led PetroGreen Energy Corporation (PGEC) has cemented a partnership deal with Japanese firm Isuzu Autoparts Manufacturing Corporation (IAMC) for the installation of 3.002-megawatt peak (MWp) solar rooftop solution at the latter’s manufacturing facility in Laguna. In a statement to the...
SteelAsia Manufacturing Corp. plans to build five steel plants in the next four years to replace imports, create new businesses, generate local jobs, and boost economic growth in the country. In a statement on Wednesday, July 24, SteelAsia Chairman and Chief Executive Officer Benjamin Yao said they...
The Energy Regulatory Commission (ERC) is anticipated to render decisions that will enforce penalties on the ‘unjustified’ transmission project delays of the National Grid Corporation of the Philippines (NGCP) as well as the indefensible forced outages of power plants during the summer months....
