Ilijan Plant cleared by PEMC, undercuts ERC order’s basis
San Miguel Global Power (SMGP) emphasized the regulatory primacy of the Philippine Electricity Market Corp. (PEMC) after its market surveillance committee (MSC) and board cleared the Ilijan Gas Power Plant of any violation over its June 2022 outage — directly challenging a recent show cause order issued by the Energy Regulatory Commission (ERC).
House of Investments bares P22-B capex plan through 2026
Yuchengco-led House of Investments, Inc. (HI) has announced a P22-billion capital expenditure program running through 2026, aimed at expanding its energy, property, and education businesses, in line with the group’s long-term growth and sustainability goals.
Ayala Corp. weathers core profit slip with strategic gains
Ayala Corp. reported a 2 percent decline in core net income to ₱23.7 billion for the first half of 2025, highlighting a modest setback in recurring profitability.
Hilton, Ayala to open Canopy Hotel in Makati by 2026
Hilton Worldwide Holdings Inc. and Ayala Land Hospitality Inc. have announced the upcoming opening of Canopy by Hilton Makati in 2026, marking the debut of Hilton’s lifestyle Canopy brand in the Philippines.
Cebu Pacific boosts domestic flights ahead of holiday travel season
Cebu Pacific is ramping up its domestic flight operations in preparation for the upcoming holiday travel season, the airline announced on Wednesday.
