Companies
‘ERC must scrutinize impact of AS policy on consumers’
The National Grid Corporation of the Philippines (NGCP) said the Energy Regulatory Commission (ERC) should be allowed to review the Department of Energy (DOE) policy requiring 100-percent firm contracting for ancillary services (AS).
Dito aims to grow subscriber base
Dito Telecommunity Corp. hopes to continue riding its subscriber base growth momentum throughout the year as it expands it coverage to over half of the country’s cities and municipalities this year.
Lifting of power sector IPO rule bucked
A lawmaker on Sunday opposed a proposal to repeal the initial public offering (IPO) requirement for power generation companies (gencos), saying it is against the spirit of the Constitution.
Pelco II, LPEC ink power supply deal
PAMPANGA II Electric Cooperative (Pelco II) and La Pampanga Energy Corp. (LPEC) have signed a 15-year power supply agreement (PSA) that would provide a stable and secure power supply in the former’s franchise area.
DOE adds 2 firms to green energy suppliers list
The Department of Energy (DOE) has included two more renewable energy (RE) firms in its Green Energy Option Program (GEOP) list.
Major foreign players keen on offshore mining in PHL–group
The Offshore Mining Chamber of the Philippines (OMCP) said it has been receiving many expressions of interest from major world players in offshore mining to explore opportunities in the country.
‘IT-BPM firms chalk up gains amid Covid-19 uncertainty’
The uncertainties created by the pandemic have benefited the local information technology and business process management (IT-BPM) sector as it was able to secure additional accounts and clients, according to an industry group.
Bloomberry Foundation building 5 care centers for Aeta communities
Bloomberry Cultural Foundation Inc., the corporate social responsibility arm of Solaire Resort and Casino, on Thursday said it funded the construction of 5 Pagsasarili Family Care Centers in Central Luzon for the Aeta communities.
Globe expands 5G roaming service
Globe Telecom Inc. on Thursday said its 5G roaming service is now available in the United States and Canada, claiming that it is “securing the widest 5G network coverage worldwide.”
Shopee to help DOH entice Pinoys to get jabs
To help promote education about Covid-19 vaccines through in-app and social media initiatives, e-commerce platform Shopee said it has partnered with the Department of Health (DOH) to help encourage Filipinos to get vaccinated.
ICTSI’s container terminal in Croatia hits 2 million TEU
The Croatian subsidiary of International Container Terminal Services Inc. (ICTSI) has handled a cumulative throughput of 2 million twenty foot-equivalent units (TEUs), just in time for its 10th anniversary.
Cebu Pacific delivers 1 million vaccine doses to PHL
Cebu Pacific (CEB) on Thursday said it safely transported another batch of 1 million Covid-19 vaccine doses from Beijing, China to Manila.
EDC: Palayan binary plant to cut PHL carbon emissions
Lopez-led Energy Development Corp. (EDC), through its BacMan Geothermal Inc. subsidiary, on Wednesday broke ground on its P7-billion Palayan Binary Power Plant (PBPP) project.
ICTSI allots $1M for waste collection project
The foundation arm of International Container Terminal Services Inc. (ICTSI) is providing $1 million to RiverRecycle Oy, a Finnish nongovernment organization, that aims to pioneer a “financially-sustainable river waste collection system for the Pasig River.”
San Miguel doubles budget for Pasig River cleanup
San Miguel Corp. (SMC) on Wednesday said it will increase the budget for its ambitious, 5-year project to clean up and rehabilitate Pasig River.
Axelum eyes more livelihood projects for coconut farmers
Coconut products manufacturer Axelum Resources Corp. on Wednesday said it plans to establish additional livelihood projects for its farmers, including employable skills training seminars to harness the management acumen of cluster leaders and members.
PIP backs govt review of rules for TSROs
The country’s major oil companies welcomed the Department of Energy’s (DOE) ongoing review of the technical and safety policies governing Technology-Solution Retail Outlets (TSROs).
AKPI secures revolving credit facility from DBP
The Development Bank of the Philippines (DBP) announced that it has granted a P750-million revolving credit line to an energy firm for the manufacture and export of cost-effective and sustainable energy storage systems.
PNOC in talks with PSALM over sale of ‘banked’ gas
State firms Philippine National Oil Co. (PNOC) and Power Sector Assets and Liabilities Management Corp. (PSALM) signed a memorandum of understanding (MOU) for the possible sale of “banked gas” from the Malampaya gas field.
ABS-CBN losses widen to ₧1.9 billion in Q1
ABS-CBN Corp. saw its net loss widening in the first quarter, as revenues continued to drop following the refusal of Congress to renew its franchise last year.
Scrap IPO requirement to boost investments in energy sector–solon
A lawmaker on Tuesday proposed the lifting of the initial public offering (IPO) requirement for power generation companies (gencos) to encourage more investments in the power sector.
‘PLDT should aim for excellence in 3 areas’
Alfredo Panlilio, who succeeded Manuel V. Pangilinan as the president and CEO of PLDT Inc., vowed to promote excellence in three key areas to help the company grow further.
EDC secures nod of SEC for ₧15-billion green bond offer
The Securities and Exchange Commission (SEC) has approved Energy Development Corp.’s (EDC) public offering of up to P15 billion in fixed-rate Asean green bonds.
Aboitiz Group vows to support MEZ II locators
Aboitiz InfraCapital Inc., a unit of listed firm Aboitiz Equity Ventures Inc., on Tuesday said the operations of the 63-hectare Mactan Economic Zone II (MEZ II) will remain unhampered.