DMCI Holdings Inc. reported a slight decline in first-quarter profit as weaker returns from its coal and water units tempered gains in its real estate and mining divisions. The engineering conglomerate controlled by the Consunji family said that consolidated net income fell two percent to ₱4.9...
Energy producer SPC Power Corp. is allocating ₱3 billion for capital expenditures to accelerate its shift toward renewable energy and energy storage, targeting the deployment of significant new capacity later this year. During an annual stockholders’ meeting on Thursday, May 7, James Roy...
Everyone knows what a 10 percent battery feels like mid-afternoon, while you’re in transit or maybe during a power outage. The meeting still has thirty minutes left. The map is mid-route. The shoot is not done. The question at that point is not whether to find power, but whether the right power...
The power generation unit of Manila Electric Co. (Meralco) is stepping back from the direct bidding process for a prized coal concession in Antique province. Emmanuel V. Rubio, Meralco PowerGen Corp. president, said they will instead wait for the Consunji family’s mining unit to secure the...
A power interruption affects some areas in Barangay Pinagbuhatan, Pasig City, due to a fallen electric post on Tuesday afternoon, May 5. Motorists were advised to avoid passing through the Sandoval Avenue corner of Centennial 1 in the meantime, as the area remains impassable due to hanging power...
Headline inflation or annual price increases soared to a 37-month high of 7.2 percent in April, mainly as domestic fuel and food prices skyrocketed due to the global oil price and supply shocks caused by the prolonged war in the Middle East. The Philippine Statistics Authority ’s (PSA) latest...
Consunji-led Semirara Mining and Power Corp. (SMPC) is leaning on its three-decade operational history as it prepares for the government auction of its coal assets in Antique province. Speaking at the company’s annual stockholders’ meeting on Monday, May 4, Isidro Consunji, SMPC hairman said...
Samarkand, UZBEKISTAN — “So many” developing Asia-Pacific economies are scrambling to secure concessional financing from the Asian Development Bank (ADB) to bankroll their response to crises caused by the war in the Middle East. “We have already received so many requests from so many...
Semirara Mining and Power Corp. (SMPC) is slashing its planned capital spending for the year as the energy unit of the Consunji family’s DMCI Holdings Inc. awaits clarity on the future of its flagship coal operations in Antique province. According to SMPC, the integrated energy producer expects...
While insisting that the coal moratorium stays, Energy Secretary Sharon Garin indicated that the Department of Energy (DOE) is giving the country’s aging coal plants a not-so-gentle performance review—especially those that keep “calling in sick” through repeated forced outages that strain...
SN Aboitiz Power Group, the leading Philippine renewable energy producer, generated 1.72 terawatt-hours of clean electricity last year, driven by high plant reliability and focus on expanding its green energy portfolio. In a statement, the company, a joint venture between Aboitiz Power Corp. and...
Ignite Power, the energy partnership between billionaire Enrique Razon Jr.’s Primelectric Holdings Inc. and boxing legend Manny Pacquiao’s MP Holdings, clarified on Thursday, April 30, that no formal negotiations are currently underway for a proposed joint venture with South Cotabato II...
