Therma Luzon, Inc. (TLI), a subsidiary of Aboitiz Power Corporation has renewed its power supply agreement (PSA) with Ibaan Electric Corporation (IEC) for another five-year duration. According to the Aboitiz firm, it will be supplying 10.92 megawatts to the power utility, which the latter will be...
System operator National Grid Corporation of the Philippines (NGCP) has filed its motion for reconsideration (MR) with the Energy Regulatory Commission (ERC) for its request to be allowed monthly renewal of its ancillary services (AS) contracts while its procurement processes for power reserves are...
President Ferdinand "Bongbong" Marcos believes that the Philippines no longer needs large-scale energy projects such as the Bataan Nuclear Power Plant with the birth of battery farms. Marcos made the statement as he graced the inauguration of Global Power’s Battery Energy Storage System (BESS)...
Malacañang on Thursday, March 30, announced the latest appointees of President Ferdinand “Bongbong” Marcos Jr. to three government agencies and offices—Philippine Postal Corp., Insurance Commission of the Department of Finance (DOF), and the National Task Force to End Local Armed Conflict...
East West Banking Corporation will be holding its annual meeting of stockholders virtually on April 21, 2023, Friday at 8:30a.m. A copy of the official announcement published in Manila Bulletin broadsheet is shown below:
Pangilinan-led Metro Pacific Investments Corp. (MPIC) is targeting to acquire up to 43-percent shareholdings in publicly listed SP New Energy Corp. (SPNEC). In a statement, it was disclosed that MPIC Chairman Manuel V. Pangilinan and SPNEC President and CEO Leandro Leviste signed the agreement for...
Aboitiz Power Corporation will be holding its annual meeting of stockholders on April 24, 2023, Monday at 1:00 p.m. The meeting will be conducted virtually from NAC Tower, 32nd Street, Bonifacio Global City, Taguig City. The 2023 ASM is accessible through the hyperlink...
The Philippine Health Insurance Corporation (PhilHealth) said that it covers outpatient human immunodeficiency virus (HIV)/ acquired immunodeficiency syndrome (AIDS) treatments in designated HIV treatment facilities. PhilHealth made the statement amid rising cases of HIV infections in the country....
System operator National Grid Corporation of the Philippines (NGCP) has issued straightforward warning to consumers to brace for rotational blackouts after the Energy Regulatory Commission’s (ERC) has thumbed down its bid to extend monthly its existing ancillary services contracts. The ancillary...
Fuel budgets of motorists this week will continue to be on downtrend, as prices at the pumps will be on rollback by P1.3 per liter for diesel products, and P0.85 per liter for gasoline products. The industry players similarly advised on a hefty P1.9 per liter reduction in the price of kerosene, a...
BATANGAS – The provincial government of Batangas has granted San Miguel Corporation (SMC) a 35-year concession to design, build, operate, and maintain a four-lane, 61-kilometer toll road that would hopefully spur economic growth here. The SMC is undertaking the P44.77-billion Nasugbu-Bauan...
Alternergy Holdings Corporation, which just had its debut at the Philippine Stock Exchange (PSE) this Friday, March 24, announced that it will be tapping equity partner for its 100-megawatt Tanay wind farm project in Rizal province. The company said it will do its selection process via the letters...
