The mammoth Terra Solar project of SP New Energy Corporation (SPNEC) of the Manila Electric Company (Meralco) group which will command aggregate investment of P190 billion has secured ‘green lane certification’ from the Board of Investments (BOI) that will enable it to avail of fast-tracked and...
Metro Pacific Investments Corporation (MPIC), now a privately-held conglomerate controlled by tycoon Manuel V. Pangilinan, expects 2024 to be a banner year and sees the company continuing to post all-time high profits in the coming years. In a press briefing, MPIC Chief Finance Officer...
The Board of Investments (BOI) is encouraging local manufacturers to decrease their reliance on conventional energy sources by embracing energy efficiency and conservation measures. During the first “Make REshift Happen" roadshow, Raquel Echague, BOI Resource-Based Industries Service director,...
The Sy-led SM Prime Holdings Inc. is allocating P10 billion of 10 percent of its capital expenditures to sustainable and resilient designs and using renewable energy as part of its commitment to preserving the environment. In a statement, SM Investments Corporation said SM Prime integrates rigorous...
The Board of Investments (BOI) has endorsed the green lane processing for the P7.5 billion renewable energy project by Freya Renewables Inc. in Talisay City, Cebu. In a statement, BOI Executive Director Bobby G. Fondevilla announced the issuance of a green lane certificate to Freya Renewables for...
SM Investments Corporation, the flagship of the Sy family and one of the country’s biggest conglomerates, reported a 10 percent improvement in consolidated net income to P40.2 billion in the first half of 2024 from P36.5 billion in the same period last year. In a disclosure to the...
The Board of Investments (BOI) said the government aims to produce thousands of engineers and technicians for the country’s semiconductor and electronics industry in the next four years. BOI Managing Head Ceferino Rodolfo said that the Department of Trade and Industry (DTI), in collaboration with...
The SM Group is providing the opportunity for local farmers and entrepreneurs to step onto a bigger stage through its SM Weekend Market. Developed as a collaborative effort between SM Foundation and SM Supermalls, this initiative is not just about commerce; it's a strategic move to integrate...
The Board of Investments (BOI) said that approved investments have surpassed the trillion-peso mark in the first seven months of the year, propelled by investments in renewable energy and agribusiness sectors. In a statement, the Department of Trade and Industry (DTI) said that its attached agency...
SM Investments Corporation said its subsidiary SM Retail’s The SM Store and The Coffee Bean and Tea Leaf (CBTL) are embarking on an ambitious plan to complete the rollout of in-store cafes across all 78 branches of SM Store by 2026. In a statement, SM said this strategic expansion aims to...
The Department of Energy (DOE) is scheduling fresh round of green energy auction (GEA) by the fourth quarter this year to cover the unsubscribed capacity in the last competitive bidding - and the distinctive feature of the forthcoming tender will be on packaging it as integrated renewable energy...
DigiCo, a digital entity owned by businesses led by Manuel V. Pangilinan or the MVP Group, has sealed separate agreements to acquire a 10 percent interest in Bayad Center and 100 percent of Multipay Corporation for a yet undisclosed amount. "Having both online and offline solutions, Bayad and...
