CHORDS No generation technology can stand on its own. It will always be part of a larger system composed of other technologies — be it with fellow power producing or energy storage units and even ones beyond it like in transmission, distribution, and behind-the-meter systems...
Young tycoon Leandro Legarda Leviste has acquired the equivalent of 8.5 percent of ABS-CBN Corporation, continuing his buying binge after selling a portion of his stake in SP New Energy Corporation to Meralco PowerGen Corporation. ABS-CBN’s share price has surged over the past week and...
Beginning this month, employees of Nickel Asia Corporation (NAC) can avail themselves of an electronic vehicle shuttle service for free following the partnership between the natural resource development company and Global Electric Transport (GET). The shift to cleaner forms of transport is...
Del Rosario-led PHINMA Corporation is expanding its cement business in Mindanao with the planned acquisition of Petra Cement’s plant Zamboanga del Norte as well as the construction of new facilities in Davao. PHINMA Executive Vice President for Construction Materials Group Eduardo A. Sahagun In...
Budget-conscious families will gain slight flexibility in their budgets this month, as the price of liquefied petroleum gas (LPG) will be on moderate rollback of P1.09 to P1.15 per kilogram as advised by the industry players. Leading player Petron Corporation announced that the cost of its LPG...
The local stock market weakened as investors took profits before trading stops for Labor Day. The main index dropped 69.15 points or 1.02 percent to close at 6,700.49 as the Property counter led the retreat across all sectors. Volume surged to 1.4 billion shares worth P20.13 billion due to a block...
The Philippine Amusement and Gaming Corporation (PAGCOR) welcomed on Tuesday, April 30, its new president and chief operating officer, Atty. Wilma Eisma, who took her oath of office before Executive Secretary Lucas Bersamin in Malacanang. “We are happy to welcome Atty. Wilma Eisma as PAGCOR’s...
Zobel-led Ayala Corporation, the country’s oldest conglomerate, has signed a cooperation arrangement with the New Zealand Trade and Enterprise (NZTE) to explore potential business and collaborative opportunities. In a statement, the firm said the signing took place last April 19, when New...
Diversified engineering conglomerate DMCI Holdings, Inc. aims to return to profitability by 2025 Cemex Holdings Philippines (CHP), its largest investment to date and its first acquisition in a decade, through synergies within the group. CHP, the Philippines' fourth-largest cement...
President Marcos rejected suggestions that there was an artificial power crisis in the Philippines after different alert levels were raised in the country's power grids, saying the demand increased due to the ongoing El Niño. President Ferdinand ‘Bongbong’ Marcos Jr. (KJ Rosales/PPA Pool)...
D&L Industries Inc., the country’s top specialty food ingredients and oleochemicals producer, has maintained its highest Issue Credit Rating of PRS Aaa, with a Stable Outlook, for its outstanding Fixed Rate Bonds amounting to P5.0 billion. Philippine Rating Services Corporation (PhilRatings)...
The local stock market surged on the back of window dressing and the further easing of tension in the Middle East. The main index jumped 140.89 points or 2.13 percent to close at 6,769.64 led by the strength of Banks although Miners retreated. Volume rose to 603 million shares worth P5.32 billion...
