The price offers from the coal plants of San Miguel Corporation and Aboitiz Power Corporation have been declared as best ‘lowest bids’ and prospective winners in the 600-megawatt supply procurement of power utility giant Manila Electric Company. The lowest acceptable price tenders in the...
Ayala-led ACEN Corporation and its offshore partner firm PT Barito Renewables Energy Tbk (Barito Renewables) are poised to accelerate the commercial development of wind farm projects with 320-megawatt aggregate capacity across three project-sites in Indonesia. In a statement to the media, the...
ST Telemedia Global Data Centres (STT GDC) Philippines opened its upgraded facility in Makati City as part of its expansion efforts to raise data center capacity in response to increasing demand. STT GDC is a joint venture between Globe Telecom, Ayala Corporation, and ST Telemedia Global Data...
The Securities and Exchange Commission (SEC) has revoked the corporate franchises of Procap International and Ray International Philippines Corporation for illegally soliciting investments from the public. In a statement, the SEC said its Enforcement and Investor Protection Department (EIPD)...
With additional revenues to be drawn from geothermal assets that are coming on commercial stream, Lopez-led First Gen Corporation is expecting overall profit boost this year, according to a top executive of the company. First President and COO Francis Giles B. Puno indicated that at least 83...
Filipino workers may still grudgingly drive back to work after a long weekend break, but that mood may still shift as their financial burden at the oil pumps takes a favorable turn with diesel prices going down by P1.90 per liter; and gasoline prices by P1.15 per liter. Additionally, for kerosene...
Metro Pacific Agro Ventures, a unit of Metro Pacific Investments Corporation, is aiming to generate annual revenues of P1 billion in two years with a medium term target of raising this to P20 billion as it continues to look for new products to add to its portfolio. In an interview, MPAV President...
Zobel-led Ayala Corporation, the country’s oldest conglomerate, is launching its planned P15 billion offering of Preferred B shares on Sept. 23 with the offering period to end on Sept. 27, 2024. Based on the firm’s draft prospectus, the dividend rate for the preferred will be set on Sept. 19,...
SM Hotels and Conventions Corp. (SMHCC), the hotel operator of the SM group, has rolled out a new technology called ORCA (Organic Refuse Conversion Alternative) Biodigester which can turn food waste into filtered wastewater under 24 hours. SM Investments Corporation said this is aligned with the...
As it seriously takes its share of the burden on the global decarbonization goal, property developer Arthaland Corporation has signed a new power supply agreement (PSA) with Lopez-led First Gen Corporation for energy services that will ramp up its usage of renewable energy (RE) resources. According...
Two-time Olympic gold medalist in gymnastics, Carlos Yulo, will not have to worry about getting around Metro Manila again. And thanks to Chery Auto Philippines, not even number coding. Chery Tiggo 7 Pro Yulo stopped by Chery Auto Philippines today to receive his second car, a brand new Chery Tiggo...
Razon-led firm Primelectric Holdings, Inc (PHI) has acquired the 70 percent majority stake in Bohol Light Company Inc. (BLCI), a power utility servicing Tagbiliran City that was divested by SPC Power Corporation, a company chaired by businessman Alfredo Henares. Following the shares unloading of...
