Citicore Energy REIT Corporation (CREIT) is upping its asset portfolio by acquiring Php2.51 billion worth of properties in Bulacan and South Cotabato for the development of solar farms. Using the proceeds from...
SMC Global Power Holdings, the country’s second largest power generator, recorded a net income of Php16 billion in 2021, a 15% drop from its Php18.9 billion figure in 2020. Parent firm San...
Local pump prices could take another hit as the United States has declared a ban on imported Russian oil, which may cause oil prices to rise to as much as $200 per...
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...
