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Amid global oil price hikes and the tightening of monetary policies, economists are saying that the economic growth of the Philippines will keep slowing down. Chief Economist of IHS Markit Asia Pacific...
Lopez-led Energy Development Corp. (EDC) announced in a disclosure yesterday that it will no longer be listed in the Philippine Stock Exchange (PSE). EDC’s board approved the voluntary delisting of the company’s...
Phoenix Petroleum Philippines, Inc. posted its best first half yet as it grew income, revenue, and market share in the first six months of 2018. Net income after tax surged by 59%...
Leading oil company Petron Corporation logged a 16 percent rise in net earnings in the first semester of the year, from P8.2 billion last year to P9.5 billion this year. The oil...
Solar Philippines is looking to enter the Indian solar industry as it develops around 500 megawatts (MW) of solar farms, a top official said. The company is prioritizing countries with competitive bidding...
Despite legal issues between state-run Philippine National Oil Co. (PNOC) over leased properties, Petron Corp. has guaranteed a safe fuel supply nationwide. “So far, we continue to enjoy undisturbed possession of the...
Aboitiz Power Corp. recorded a four percent drop from P5.3 billion to P5.1 billion net income this year due to non-recurring foreign exchange losses. The energy company noted higher non-recurring losses at...
Manila Electric Co. (Meralco) noted a raise in profit for the first half of the year due to continuous increase in energy volume and customer count during the period. Meralco CFO Betty...
After its 345-MW San Roque Hydroelectric Multipurpose Power Project in San Manuel, Pangasinan, San Miguel Corp. (SMC) is looking to develop 10,000 megawatts (MW) of renewable energy (RE) capacity in 10 years....
Listed Pryce Corp. registered a net income of P711. 89 million in the January to June period of this year due to growing sales of liquefied petroleum gas (LPG). The recorded net...
