SMC Global Power Holdings (SMCGPH), the power generation arm of San Miguel Corporation (SMC), posted a 31% increase in its net income for 2020 despite having lower sales amid the lockdowns resulting...
The Philippines is not yet ready to implement carbon taxes just yet since it will only make the country’s power sector uncompetitive, according to Energy Sec. Alfonso Cusi. The secretary pointed out...
After extending its no-disconnection policy for over ten months, the Manila Electric Company (MERALCO) announced it will start issuing disconnection notices to customers in the low-income group whose bills are unpaid and...
Petron Corporation has appointed John Paul Ang, the eldest son of its President and CEO Ramon Ang, as a member of its board of directors In a disclosure to the Philippine Stock...
Singaporean sovereign fund GIC Private Ltd. will begin the initial phase of its investment in AC Energy (ACEN) through an Php11.9-billion private placement slated for March 18. In a disclosure to the...
Cebu-based Vivant Corporation, through subsidiary Vivant Renewable Energy Corporation (VREC), is investing up to Php364 million in Buskowitz Finance, Inc. (BFI). BFI is a solar engineering, procurement and construction (EPC) firm and...
Petron Corporation’s bottom line indeed took a blow from the COVID-19 pandemic, as it suffered a drastic net loss of Php11.4 billion in 2020, a reverse from its net income of Php2.3...
The Manila Electric Company (MERALCO) will once again roll back its power rates for the second month in a row this March due to lower generation charges and the recent refund ordered...
The past year may have been tough for many businesses, including those in the energy sector, but things appeared to be a lot different for AC Energy (ACEN), in a positive way....
Ayala-led AC Energy (ACEN) is investing Php2.2 billion for its 40-megawatt (MW) battery energy storage system (BESS) project in Alaminos, Laguna. In a disclosure to the Philippine Stock Exchange on Monday, ACEN...
