CEBU CITY – Mindanao Star Bus Transit Inc. (MSBTI) has expressed commitment to support the economic growth of Central Mindanao by boosting passenger mobility and transportation of agricultural products. BOARD members of Mindanao Star Bus Transit Inc. commit support to the economic growth of...
The government should hold accountable generating companies (Gencos) that are unable to provide a stable supply of electricity, Sen. Sherwin Gatchalian said. Gatchalian said these Gencos should be held accountable for power outages that result in great economic losses to their clients....
The Securities and Exchange Commission (SEC) has issued a cease and desist order against MFT Group of Companies Inc. and Foundry Ventures I Inc. for alleged illegal solicitation of investments from the public. In an order dated Jan. 16, the Commission En Banc directed the MFT Group and Foundry...
Ayala-led ACEN Corporation has inked P20 billion worth of term loan facility that will be used mainly to bankroll ongoing renewable energy (RE) projects as well as for general corporate purposes. According to the company, the debt facility has 10-year repayment term, but the lender-banks have not...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The Manila Electric Company's (Meralco) purchase of electricity goes through a "very strict" process, a representative of the firm assured the House Committee on Legislative Franchises on Wednesday, Nov. 22....
The Energy Regulatory Commission (ERC) is working with the Securities and Exchange Commission (SEC) on the development of a regulatory framework that will hasten the initial public offering (IPO) of the country’s power generation companies and distribution utilities. The two government agencies...
The fuel products of leading oil firm Petron Corporation have been rated ‘top consumer choice’, based on a recent survey carried out by Hongkong-based consumer intelligence firm Standard Insights. Taking cue from that survey outcome, Petron has been bestowed the ‘Consumer Choice Awards’ by...
The Villar Group reported that its dedication to good corporate governance has earned recognition and awards from the esteemed Institute of Corporate Directors (ICD). In a statement, the group said its listed companies, including Vista Land & Lifescapes, Inc. (Vista Land), AllDay Marts,...
Globe Group’s shared services company Asticom Group of Companies garnered certifications for data security and information technology (IT) service management from the International Organization for Standardization and International Electrotechnical Commission (ISO/IEC). Asticom received ISO/IEC...
Generation companies (GenCos) in the Philippines have been ramping up hedging mechanism on their power capacity contracting via the trading platform hosted by US firm Green Tiger Markets (GTM) in Singapore. In a statement to the media, GTM indicated “we expect significant volume to get hedged...
ACT-CIS Party-list Rep. Erwin Tulfo (Facebook) The House of Representatives leadership is asking the big oil firms to implement discounts reaching up to P4 per liter on their pump fuel products. This was bared by Deputy Majority Leader and...
PetroSolar Corporation (PSC), which is a subsidiary of Yuchengco-led PetroGreen Energy Corporation (PGEC), has cemented a power supply agreement (PSA) with Shell Energy Philippines Inc. for a capacity delivery that shall be drawn from the former’s 20-megawatt Tarlac-2 solar farm that is sited at...
