Despite the President’s State of the Nation Address (SONA) promise of rate reductions, it seems the only thing “cutting” is the consumer’s wallet, as electric bills continue their relentless upward climb. Realistically, rate reduction is a battle consumers can’t seem to win. It’s like a...
Ramon S. Ang-led San Miguel Global Power Corp. (SMGP) is seeking to expand its gas turbine power project in Zamboanga City. According to a notice from the Department of Environment and Natural Resources (DENR), Malita Power, Inc. (MPI), an SMGP subsidiary, has proposed to double its plant’s...
The police power of the town mayor of San Simon, Pampanga was suspended by the National Police Commission (Napolcom) after he was arrested for extortion, it was bared on Friday. Aug. 8. Commissioner Rafael Vicente R. Calinisan, vice chairperson and executive officer of the Napolcom, ordered the...
Aboitiz Equity Ventures Inc. reported a 27 percent drop in consolidated net income of ₱8.4 billion in the first half of 2025 from the ₱11.5 billion earned in the same period last year due to lower earnings from its power and banking units, coupled with losses of its property and infrastructure...
Diversified engineering conglomerate DMCI Holdings Inc. reported an 18 percent drop in consolidated net income to ₱9.1 billion in the first half of 2025 from the ₱11.1 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said it posted a net...
The Energy Regulatory Commission (ERC) has issued a show-cause order against South Premiere Power Corp. (SPPC) for alleged anti-competitive behavior related to the operation of the Ilijan Power Plant in June 2022. In a statement on Tuesday, Aug. 5, the ERC said it acted on a recommendation from the...
ILOILO CITY — The town of Miag-ao in southern Iloilo province wants to be included in the services of Razon-owned MORE Electric and Power Corp. (MORE Power), the sole power distributor in Iloilo City since 2020. The Sangguniang Bayan (SB) of Miag-ao adopted on Monday, Aug. 4, the resolution...
Consunji-led Semirara Mining and Power Corp. (SMPC) reported a drop in its net income due to lower coal and electricity prices. In a disclosure to the Philippine Stock Exchange on Monday, Aug. 4, SMPC recorded that its consolidated net income in January to June this year decreased to ₱8.4 billion...
In the President’s recent State of the Nation Address (SONA), grand promises resonated loudly. Yet, even at this early stage, hints from his appointed officials within key agencies suggest these ambitious goals could quickly unravel, potentially leaving Filipino consumers more frustrated than...
Persistent power outages in Siquijor are putting the island’s tourism growth at risk and may weaken investor confidence if not urgently addressed, the Department of Tourism (DOT) warned on Thursday, July 31. Tourism Secretary Christina Garcia-Frasco said the ongoing power instability, managed by...
One of the Japanese partners of Aboitiz Power Corp. (AboitizPower) in the 420-megawatt (MW) Pagbilao-3 coal-fired power plant is moving ahead on the divestment of its stake in the facility as part of an investment realignment to cleaner energy technologies. According to a source privy to the...
In line with its 40th anniversary, SM Supermalls has unveiled the largest rooftop solar photovoltaic (PV) system on a commercial building in the country at SM City Fairview, reinforcing its commitment toward environmental sustainability and corporate resilience. This is a significant contribution...
