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...
Aboitiz Power Corporation posted a 66% increase in net income to Php20.8 billion in 2021 from Php12.6 in 2020. In a disclosure to the Philippine Stock Exchange on Monday, AboitizPower attributed the...
Shareholders of Solar Philippines Nueva Ecija Corp. (SPNEC) have formally approved the increase in its authorized capital stock to 50 billion shares from 10 billion shares, as well as the asset-for-share swap....
SMC Global Power Holdings, the power generating company (genco) of San Miguel Corporation (SMC) is looking to construct a 300-megawatt (MW) liquefied natural gas (LNG) combined cycle power plant worth Php18.5 billion...
