Yuchengco-led PetroEnergy Resources Corp. (PERC) recorded a growth in its consolidated net income by 21% to Php646 million from Php534 million in 2019, due to the full-year operations of its 20-megawatt (MW)...
SMC Global Power Holdings (SMCGPH), the power generating arm of San Miguel Corporation (SMC), posted a net income of Php7.78 billion in the first quarter of this year, 141% higher than the...
Around $13.6 billion (about Php654 billion) worth of liquefied natural gas (LNG) projects could be stranded due to the growth of renewable energy (RE) in the Philippines, according to a new report...
Government-owned National Transmission Corporation (TransCo) has signed a deal with the First Catanduanes Electric Cooperatives (FICELCO) for the installation of undersea cables to connect the island province to the Luzon Grid. Upon...
Dennis Uy-led Phoenix Petroleum is setting aside Php1 billion for its capital expenditures (capex) for the next few years. In a disclosure to the Philippine Stock Exchange on Wednesday, the country’s third-largest...
Consunji-led Semirara Mining and Power Corporation (SMPC) posted a 93% surge in its consolidated reported net income to Php2.3 billion in the first quarter this year from Php1.2 billion last year, despite...
AC Energy (ACEN) is working on nearly 12 gigawatts (GW) worth of renewable energy (RE) projects, more than twice its 2025 target of five GW, as it aims to become Southeast Asia’s...
The Malampaya gas production facility yielded a total of $11.9 billion (around Php573 billion) in revenues with the national government receiving the bulk worth Php325 billion, as of end-December 2020, the Department...
Profits of Consunji-led Semirara Mining and Power Corporation (SMPC) are unlikely to return to pre-pandemic levels this year even though its coal business is expected to do well, according to its top...
Petron Corporation, the country’s largest oil firm, reported Php1.73 billion income in the first quarter, a reversal, a reversal of its P4.9 billion net loss in the same quarter last year, as...
