The Energy Regulatory Commission (ERC) is establishing legal ground for the targeted revocation of a previous resolution allowing pass-through of the 3.0-percent franchise tax of transmission firm National Grid Corporation of the Philippines (NGCP) to electricity consumers. “Our legal team is...
Consumers in Iloilo City have been experiencing relief in their pockets as electricity rates billed by their distribution utility MORE Electric and Power Corporation have been on a downtrend in the past seven months. MORE Power President and CEO Roel Z. Castro said in a statement that ...
House Speaker Martin Romualdez (left) and President Ferdinand "Bongbong" Marcos Jr. (Speaker's office) House Speaker Martin Romualdez has described President Ferdinand "Bongbong" Marcos Jr.’s decision to insulate the Maharlika Investment Fund (MIF) from possible political influence as a "prudent...
SM Investments Corporation (SM Investments), one of the leading conglomerates in the Philippines has recently received three major wins at the 13th Asian Excellence Award of Corporate Governance Asia. The Hong Kong-based magazine conferred SM Investments with multiple awards including Asia’s...
Listed firm Alternergy Holdings Corporation (Alternergy) is well on its way into building up its renewable energy (RE) portfolio after winning three additional contracts from the State-managed Green Energy Auction-2 (GEA-2) program. The awarded project-contracts to be covered by 20-year power supply...
San Miguel Global Power Holdings (SMGP), the electricity generating subsidiary of conglomerate San Miguel Corporation (SMC), has bewailed the higher electricity rates that consumers are now paying after the Energy Regulatory Commission (ERC) denied its tariff adjustment application last year. “It...
Senator Raffy Tulfo on Wednesday, July 12, called for a review of the franchise tax of the National Grid Corporation of the Philippines (NGCP) amid delays in the completion of its 37 transmission projects. Sen. Raffy Tulfo presides over the Senate Committee on Energy hearing on the Department of...
Transmission firm National Grid Corporation of the Philippines (NGCP) is enforcing tighter cybersecurity measures to protect the country’s power transmission system from hacking or other factors that could compromise the integrity of its operations. “We have implemented various measures to...
CAPITAL MARKET DEVELOPMENT THRU NHMFC’S SECURITIZATION PROGRAM. Key officials and Alternate Board of Directors of the National Home Mortgage Finance Corporation (NHMFC) paid a courtesy visit to the newly appointed Bangko Sentral ng Pilipinas Governor Eli Remolona. NHMFC is the sole...
Ayala-led ACEN Corporation has partnered with Norwegian Investment Fund (Norfund) for targeted provision of solar solutions that will cater to the energy needs of telecommunications companies in the Philippines. In a disclosure to the Philippine Stock Exchange (PSE), ACEN indicated that the proposed...
ILOILO CITY – MORE Electric and Power Corp. (MORE Power) has refunded 20 new customers here, more than a month after it started reimbursing bill deposits. TWENTY new electricity consumers in Iloilo City received a bill deposit refund from MORE Power. (MORE Power) “We implemented this program...
Start your day with an uplifting yoga class overlooking the emerald green, luscious fields as the sun rises. Indulge in an ultimate spa experience beneath a luminous afternoon sun. Sip a glass of wine on a shaded, private balcony while enjoying the beautiful natural scenery. Clear your mind with...
