Davao-based Tycoon Dennis Uy joins the group of Manuel V. Pangilinan (MVP) in eyeing exploration activities in the West Philippine Sea, particularly in the Recto Bank Basin. Uy’s Udenna Corporation submitted its...
Aboitiz Power Corporation reported a net income of ₱3.7 billion for the first half of 2020, 57 percent lower versus ₱8.6 billion recorded last year. The company recognized non-recurring gains of ₱224...
San Miguel Corporation (SMC) subsidiary South Premiere Power Corporation (SPPC) reportedly owes P27.308 billion to state-run Power Sector Assets and Liabilities Management Corporation (PSALM) as of end-December, according to the latest audit...
As the country prepares its post-COVID infrastructure, renewable energy is seen to play a key role in improving energy stability . Yuchengco-led PetroEnergy Resources Corp. (PERC) expects demand for reliable and efficient...
As the general community quarantine (GCQ) has allowed for reopening of some businesses, Manila Electric Company (Meralco) said it will resume charging the P 47 convenience fee for online payments. This after...
A new performance assessment and audit being pushed by the Department of Energy (DOE) will impose penalties on power plants that encounter recurring forced outages. The energy department proposed in a draft...
The Philippines can seize China-owned assets and properties as payback for the P 200 billion worth of damages caused by the Chinese government to Philippine reef ecosystems, said former Foreign Affairs Secretary...
Manila Electric Company (MERALCO) announced today another downward adjustment of power rates, as the overall rate for a typical household decreased by P 0.0216 per kWh, from last month’s P 8.7468 per...
While a number of community quarantines throughout the country have been gradually eased, the battle against the pandemic is still far from over. Hedcor, AboitizPower’s run-of-river hydropower subsidiary, sticks to its commitment...
The Aboitiz Group continues to provide its services through its business units amid the general community quarantine (ECQ) and the modified general quarantine (MGCQ) to ensure the delivery of goods will not...
