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Aboitiz Equity Ventures (AEV) is intensifying its investments this year as it looks to spend P76.7 billion in capital expenditure (capex) following a positive outlook in the country’s economic growth, especially in...
Phinma Energy Corp.’s income jumped 53 percent after surpassing the P1-billion income mark last year from generating higher sales volume and an additional non-recurring income from selling a partial stake in one...
Manila Electric Co. (Meralco) is set to launch its Advanced Metering Infrastructure (AMI) project this year as part of its effort to transform its distribution network into a smart grid. The power...
Oil company Petron Corporation recorded a 73 percent rise in net profits in 2016 that were fueled by record high sales. Petron said that its net income went up to P10.8 billion...
Department of Energy Secretary Alfonso Cusi is eyeing more investments in merchant power plants to spur competition in the electricity spot market. The energy secretary is encouraging investors, especially foreign, to establish...
The Aboitiz Equity Ventures Inc. has increased its net income in 2016, with 65 percent of it coming from the power business. AEV disclosed that its consolidated net income rose 27 percent...
Philippine-based Atlantic, Gulf and Pacific Company (AG&P) has partnered with German Air Liquide Group for the development of small-scale infrastructures to distribute liquefied natural gas (LNG) across Asia. LNG solutions provider AG&P...
Japan’s seven major trading houses is looking to invest P198.5 billion investment interests in the country, including a P75-billion coal-fired power plant, the Department of Trade and Industry (DTI) said. The Sogo Shosha...
Manila Electric Co. (Meralco) is looking into a technical partnership with a distribution utility (DU) in Nigeria, its top official said. “There’s another distribution utility in Nigeria who asked us to be...
The Manila Electric Co. (Meralco) is in talks with Densan System Co. Ltd. for a minority stake in CIS Bayad Center, Meralco’s over-the-counter bills collection-payment center. “So we’ve been talking with Densan,...
