Senator Sherwin Gatchalian on Friday, August 11, commended the Energy Regulatory Commission’s (ERC) decision to suspend the National Grid Corporation of the Philippines (NGCP) inclusion of a three percent (3%) franchise tax in its transmission costs billed to distribution utilities. Sen....
Owing to profit contribution of its all-renewable energy (RE) subsidiary, First Gen Corporation has posted a 30 percent hike in its recurring net income to $167 million, approximately P9.0 billion, in the first half of the year versus $128 million or P7.0 billion, in the same period last...
Greenfield plants and the elevated prices in the Wholesale Electricity Spot Market (WESM) boosted Ayala-led ACEN Corporation profits in the first half this year to P4.2 billion, up 94 percent from P2.2 billion in a comparative period last year. The company’s consolidated revenues had also grown 28...
Aboitiz Power Corp. (AboitizPower) subsidiaries Hedcor and Luzon Hydro Corp. (Luzon Hydro), together with Aboitiz Foundation Inc. (Aboitiz Foundation), donated rice and fuel to host communities hit by typhoon “Egay.” Egay devastated communities in northern parts of Luzon after its landfall on...
The finalization of a P3-billion investment deal between two private companies in the Philippines and Malaysia was hastened with the state visit of President Ferdinand "Bongbong" Marcos Jr. to the foreign country. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Marcos said...
SM Hotels and Conventions Corporation’s [Radisson Blu Hotel Cebu](https://www.radissonhotels.com/en-us/hotels/radisson-blu-cebu) is making a bold move in the luxury hospitality industry with the appointment of the hotel’s new general manager, Marko Janssen. Marko brings with him over two decades...
KATIPUNAN, Zamboanga del Norte – Aboitiz Power Corp. (AboitizPower) and Zamboanga del Norte Electric Cooperative Inc. (Zaneco) recently held a medical mission for around 200 residents in Barangay Sitog here. HEALTH workers vaccinate a child during the medical mission in Barangay Sitog,...
By Angelo Sanchez Teacher Arlyn proudly shows her kindergarten classroom. She personally decorated the room to inspire learning for her students. As the sun rises above the horizon, casting a warm glow on the Silid Pangarap classroom at Beckel Elementary School in La Trinidad, Benguet, teacher...
CEBU CITY – A private company has expressed interest in building a bridge that will connect the provinces of Bohol and Cebu. (https://images.mb.com.ph/production/mb-mkt-neo-prod-1-uploads/BOHOL_BRIDGE_d154457bcb/BOHOL_BRIDGE_d154457bcb.jfif) BOHOL Gov. Aris Aumentado (right) and representatives...
AP Renewables Inc. (APRI), a wholly-owned subsidiary of AboitizPower, simultaneously planted a total of 3,450 tree seedlings in celebration of Arbor Day last June 24, 2023. This included 1,500 in St. Elena, Sto. Tomas, Batangas, and an additional 1,950 in Naga, Tiwi, Albay. TREE PLANTING -- APRI...
President Ferdinand "Bongbong" Marcos Jr. has called on the Philippine Amusement and Gaming Corporation (PAGCOR) to continue its work on nation building and its commitment to combat illicit activities. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot) During the 40th anniversary...
AboitizPower Distributed Renewables Inc. (APX), a subsidiary of leading energy producer Aboitiz Power Corporation, has cemented a joint venture deal with emerging energy solutions firm Upgrade Energy Philippines Inc. (UGEP) for targeted solar rooftop projects in the country. In a statement to the...
