The majority shareholders of the Lopez family have petitioned the Securities and Exchange Commission (PSE) and the Philippine Stock Exchange (PSE) to investigate First Gen Corp. over alleged disclosure violations involving “poison pill” provisions in agreements with Prime Infrastructure...
Vice President Sara Duterte on Wednesday, April 22, warned that corruption in climate infrastructure projects in the Philippines poses a “direct threat to national security,” as the country faces increasingly destructive storms. In her Earth Day 2026 message, Duterte cited the devastation...
First Philippine Holdings Corp. (FPH) indefinitely postponed its annual shareholders’ meeting as bitter internal feud between factions of the Lopez family spills over into the boardroom of one of the country’s most prominent conglomerates. The company informed the Philippine Stock Exchange on...
First Gen Corp. clarified the inclusion of “Key Man” clauses in its hydropower joint venture with Prime Infrastructure Capital Inc., dismissing descriptions of the management control provisions as a “poison pill” and asserting the terms were a requirement of its partner. The power producer...
First Gen Corp. confirmed that it faces a potential financial hit of more than ₱23 billion if Federico “Piki” Lopez is ousted from leadership, disclosing “poison pill” clauses in its partnership with ports, and gaming magnate Enrique K. Razon Jr.’s Prime Infrastructure Capital Inc. In...
Amid a national energy emergency, government response to the oil crisis is expected to accelerate spending in the first half of the year, reversing a slump in infrastructure expenditures last year in the aftermath of the flood-control corruption scandal. According to the Department of Budget and...
AI has been all over the news of late, so it’s not surprising that stories about data centers (which power AI) would also start appearing on our feeds. Data centers are facilities that house computer systems. Think of those server rooms that Tom Cruise as Ethan Hunt would break into in Mission...
The Department of Public Works and Highways (DPWH) reopened the southbound lane of the EDSA Magallanes Flyover in Makati City early Monday, Apr. 6, after days of safety repairs carried out during the Holy Week break. DPWH Secretary Vince Dizon led a pre-dawn inspection at around 3:30 a.m. on Apr....
Senator Imee Marcos, on Wednesday, April 1, called for the full public release of the final report of the Independent Commission for Infrastructure (ICI), stressing that transparency is essential in addressing alleged irregularities in flood control projects. Marcos cited provisions of Executive...
The Department of Public Works and Highways (DPWH) has issued interim guidelines allowing implementing offices to use market-based prices in project costing to avoid delays amid rising fuel costs. The move comes as global oil prices surge due to geopolitical tensions involving Iran, Israel, and...
The China-led Asian Infrastructure Investment Bank (AIIB) has greenlit a $300-million loan supporting capital expenditures (capex) for the improvement and expansion of three local ports operated by tycoon Enrique K. Razon Jr. ’s International Container Terminal Services Inc. (ICTSI). The latest...
To accelerate the country’s progress toward upper middle-income status, the Philippine government has secured roughly ₱82.4 billion (221.7 billion Japanese yen) in financing from the Japan International Cooperation Agency (JICA) for two landmark infrastructure projects. Finance Secretary...
