Newly-installed Philippine National Oil Company (PNOC) President and CEO Jesus Cristino Posadas said he will tap the private sector to pursue the government-owned oil firm’s projects. In his speech, Posadas said these...
The Department of Trade and Industry (DTI) is looking to impose a zero-tariff regime for imports of electric vehicles (EVs) versus the original 30% rate. Trade Sec. Ramon Lopez said in a...
ATN Philippines Solar Energy Group Inc. (ATN Solar) is looking to raise Php 1 billion through its initial public offering (IPO) to establish its renewable energy business. In a disclosure to the...
As it shifts to an all-renewable energy (RE) portfolio, ACEN posted a 22% increase in its net income to Php5.3 billion in 2021 from Php4.3 billion in 2020. Ayala’s power arm attributed...
With over three months left in his administration, Pres. Rodrigo Duterte has appointed Atty. Melvin Matibag as acting Cabinet Secretary replacing Karlo Nograles, who was appointed as Chairman of the Civil Service...
Pump prices may hit the Php100 per liter mark should conflict overseas continue, according to the Department of Energy (DOE). “So, pag tumataas pa nang tumaas ito, eh talagang papalo tayo doon,”...
Despite the ongoing conflict between Russia and Ukraine, the Department of Energy (DOE) said that the country’s nuclear power deals with Russia’s Rosatom State Atomic Energy Corporation would continue. “We don’t see...
Former National Renewable Energy Board (NREB) chairperson Atty. Monalisa Dimalanta will be joining Aboitiz Power Corporation as its new compliance officer. In a disclosure to the Philippine Stock Exchange on Monday, AboitizPower...
Petron Corporation, the country’s largest oil firm, registered a net income of Php6.14 billion in 2021, a reversal from the Php11.4 billion net loss in 2020. The company said it sold 82.24...
In order to cushion soaring pump prices, the government doubled its budget for the Pantawid Pasada program to Php5 billion from the initial Php 2.5 billion. The first tranche of the subsidies...
