With the scheduled submission of applications by Aug. 27, the Department of Energy (DOE) has raised hopes that it can corner acceptable tenders for offered hydrogen investments as well as upstream petroleum ventures, especially in the pioneering auction round for the Bangsamoro Autonomous Region in...
Giant lender BDO Unibank Inc. has extended P5.6 billion project funding to the 197-megawatt Tuy solar project of Saavedra-led Citicore Renewable Energy Corporation (CREC), a Filipino firm that is calculatedly cementing its stature to become the biggest solar farm developer in the country with its...
The National Home Mortgage Finance Corp. (NHMFC), Department of Human Settlements and Urban Development (DHSUD), local government units of Isabela, and Uanjelle Land Inc. recently signed a memorandum of agreement for the construction of three housing projects in the municipalities of Gamu, Jones,...
With leaner aggregate revenues logged in the six-month stretch, the net income of Alsons Consolidated Resources Inc. (ACR) in the first half had declined by roughly 10% to P1.06 billion from the year-ago level of P1.17 billion. If reckoned solely on second quarter performance, the company’s...
On account of higher finance charges that it incurred due to direct equity acquisitions, the net income of Yuchengco-led of PetroEnergy Resources Corporation (PERC) had declined 11% to P527 million in the first half of the year from heftier P591 million in the same period last year. The company...
(Arnold Quizol/MANILA BULLETIN) The Department of Environment and Natural Resources (DENR) is currently evaluating the environmental compliance certificate (ECC) of several reclamation efforts in the Manila Bay, particularly to see whether or...
Representatives from the Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU) and local government officials hold a groundbreaking ceremony for the construction of PAMANA projects worth P89.9 million in Brgy. Poswoy, Balbalan, Kalinga on Aug. 6, 2024. (Photo: OPAPRU)...
With new solar and wind farm capacities coming on stream, the net income of international project developer ACEN Corporation climbed 49% to P6.3 billion in this year’s first half from the year-ago level of P4.23 billion. The Ayala-led firm indicated that its earnings factored in P1.4 billion...
With its cash stream boosted by the entry of new capacities from its solar plants, the net income of listed firm Citicore Renewable Energy Corp (CREC) climbed 9.0% to P910 million in 2023 versus P834 million in the prior year. The company’s earnings before interest, taxes, depreciation and...
The government released around P579 million to fund projects, such as flood controls, in eight regions under the People’s Survival Fund (PSF). Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has approved the release of a notice of cash allocation (NCA) amounting to...
The Department of Energy (DOE) is batting for an issuance of system impact study (SIS) for power projects that shall be shorter than three months, so the country can further speed up developments in the renewable energy (RE) sector. According to Energy Secretary Raphael P. M. Lotilla, the length of...
(Photo: DPWH) The Department of Public Works and Highways (DPWH) is fast-tracking the construction of key bridges in Tawi-Tawi with the objective of improving regional connectivity and boosting the local economy. DPWH Senior DPWH Undersecretary Emil K. Sadain said the Nalil-Sikkiat Bridge No....
