First Gen Corp.’s independent directors pushed back against critics of its clean energy expansion, stating that the projected annual earnings fully justify the acquisition premium paid to billionaire Enrique Razon Jr.’s Prime Infrastructure Capital Inc. In a joint press statement, independent...
As students across the country gear up for another school year, content creator Esnyr Ranollo has brought back his viral school-themed YouTube series with a brand-new episode, "First Day High." The latest installment premiered on June 14 and taps into the familiar excitement, awkwardness, and...
The Securities and Exchange Commission (SEC) has formed an ad hoc committee to investigate allegations traded between rival factions of the Lopez family, a dispute that threatens to engulf two of the Philippines’ most high-profile companies, First Gen Corp. and ABS-CBN Corp. ABS-CBN disclosed to...
The majority faction of the Lopez family has accused First Gen Corp. Chairman Federico “Piki” Lopez of “doublespeak” for initiating legal action while simultaneously calling for peace talks. The family bloc noted that on the exact same day Piki Lopez publicly welcomed peace with his...
First Gen Corp., the power producer controlled by the Lopez family, rejected allegations from a majority faction of its founding clan over a ₱50 billion premium paid for a stake in a pumped-storage hydropower venture, saying the claims show the fundamental misunderstanding of corporate finance....
The interaction between First Lady Liza Araneta-Marcos and Senator Alan Peter Cayetano at a reception dinner was "just friendly talks," Malacañang said. Cayetano and the First Lady were spotted engaged in a conversation during a dinner reception organized by the Federation of Filipino-Chinese...
A few weeks after declaring a ceasefire, the Lopez majority group launched a new bombshell against First Gen Corp. Chairman Federico “Piki” Lopez, alleging that he funded the bulk of Prime Infrastructure Capital’s hydropower project by paying a hefty ₱50-billion premium. In a statement, the...
Philippine conglomerates operating in critical sectors like real estate, power, energy, and telecommunications are facing heightened financial strain from the strengthening United States (US) dollar, which threatens to inflate the cost of their foreign-denominated debt. The brewing corporate...
First Lady Liza Araneta-Marcos is pushing for reforms to make it easier for Indian medical students to study in the Philippines, saying the country must improve its systems if it wants to attract more foreign students. In a Facebook post on Friday, June 5, the First Lady said she met with...
ILOILO CITY – President Ferdinand R. Marcos Jr. and First Lady Liza Araneta-Marcos distributed financial assistance to all barangays in Western Visayas region. The First Couple distributed checks under the “Bawat Barangay Makikinabang” program during a luncheon with local officials on Friday,...
The Sandiganbayan’s Special Division has dismissed the remaining claims in a long-running forfeiture case against the late former president Ferdinand E. Marcos Sr. and former first lady Imelda R. Marcos after the government informed the anti-graft court that it would no longer present evidence...
The Meralco Theater in Pasig City is built to showcase spectacle, but on a late May evening, the most arresting sight was the man in the wheelchair. Manuel V. Pangilinan—the 79-year-old tycoon, known by his initials, MVP—was celebrating the 45th anniversary of First Pacific Co., the Hong...
