While many other power plants fail to deliver during this year’s El Nino-stricken weather temperatures, solar plants have been thriving as ‘powerhouse solution’ in shielding consumers from the wrath of unwanted blackouts or power service interruptions. Rotational brownouts would typically...
The local stock market rose as it appears that the conflict between Israel and Iran has been doused, causing oil prices to drop. The main index added 62.72 points or 0.97 percent to close at 6,506.80 with the Industrial counter leading the advance across the board. Volume firmed up to 554 million...
Del Rosario controlled-PHINMA Corporation is optimistic on growth this year and is raising its capital expenditure budget by 50 percent to P4.5 billion from the P3 billion it allocated for the expansion of its businesses in 2023. PHINMA Chief Financial Officer Edmund Alan A. Qua Hiansen In a media...
The Philippine subsidiary of Japanese electronic giant Murata Inc. has renewed its power supply agreement (PSA) with Lopez-led First Gen Corporation for the provision of electricity services at its manufacturing facility in Batangas. First Gen emphasized that the supply to be delivered to...
Diversified conglomerate San Miguel Corporation’s (SMC) planned P20-billion bond issuance has been assigned the highest PRS Aaa, with a Stable Outlook, Issue Credit Rating by the Philippine Rating Services Corporation (PhilRatings). PhilRatings said in a statement that it also maintained its...
The local stock market was flat as investors preferred to wait for cues instead before engaging in bargain hunting. The main index added just 1.08 points or 0.02 percent to close at 6,444.08 as sectoral indices were equally split. Volume fell to 564 million shares worth P3.63 billion as gainers...
Megawide Construction Corporation reported a turnaround in its 2023 performance to a consolidated net income from continuing operations of P269 million from the P1.87 billion consolidated net loss incurred in 2022. In a disclosure to the Philippine Stock Exchange, the firm reported consolidated...
Leading player Aboitiz Power Corporation is scheduling the issuance of notice-to-proceed (NTP) for the construction of the next round of 1,000 megawatts (MW) of greenfield solar farm ventures that it is targeting to bring to commercial operations in the next two years. In a briefing with the media,...
Repower Energy Development Corp. (REDC) said it plan to construct the country's first seawater pump storage hydropower facility in Real, Quezon after being granted a Hydropower Service Contract from the Department of Energy (DOE). In a disclosure to the Philippine Stock Exchange, the subsidiary of...
Motorists using diesel products can have a smile on their faces when they fill up their tanks; while those with gasoline-fed vehicles will have nothing but frustration on their drive to the gasoline stations this week. Based on the pricing advisories of the oil companies, the price of diesel will...
The local stock market gave up the previous day’s gains and fell again on news that Israel has struck back at Iran, further escalating the situation in the Middle East. The main index lost 80.19 points or 1.23 percent to close at 6,443.00 with the Property sector losing the most while Miners...
Sy-led China Banking Corporation (Chinabank) has declared an all-time high P5.9 billion in cash dividends to its shareholders, 16 percent more than last year’s cash bonus. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its Board of Directors declared a P1.20 per share...
