Context.ph

1698 POSTS

MAG doubles A330neo fleet with Airbus order

Corporate Bulletins Context.ph Context.ph -
Malaysia Aviation Group (MAG), parent of Malaysia Airlines, has placed a firm order for 20 additional Airbus A330-900 widebody aircraft, doubling its future A330neo fleet to 40 units.

Romualdez hails Marcos for expanding internet backbone: “Reliable internet must reach every Filipino”

Context Dispatch Context.ph Context.ph -
LEYTE 1st District Representative Ferdinand Martin G. Romualdez on Monday welcomed the rollout of Phases 2 and 3 of the National Fiber Backbone (NFB) Project in Palo, Leyte, describing it as a strong step toward giving every Filipino household access to fast and reliable internet.

Aboitiz-led Thunder wins ₱36.27B did for CBK hydropower complex

Corporate Context.ph Context.ph -
The acquisition of the 796.56 MW Caliraya-Botocan-Kalayaan (CBK) hydroelectric complex by the Aboitiz-led Thunder Consortium is hailed by analysts as a commercially and strategically significant that strengthens Aboitiz Power Corp.'s position as the country's leading hydropower operator.

Makati can settle subway row without sacrificing services — ex-mayor Binay-Campos

Context Dispatch Context.ph Context.ph -
Makati City has enough funds to pay the $160-million award the Singapore International Arbitration Centre (SIAC) may give in favor of Philippine Infradev Holdings Inc. without cutting programs or benefits for residents and employees, former Mayor Abby Binay-Campos said Monday, defending a resolution approved during her final weeks in office.

Del Monte assures stability amid US unit’s Chapter 11 filing

Corporate Context.ph Context.ph -
Del Monte Pacific Ltd. (DMPL) sought to reassure investors and regulators following the Chapter 11 bankruptcy filing of its US subsidiary, Del Monte Foods...
1...1,1511,1521,153...3,087Page 1,152 of 3,087

Just in

China’s pig import restrictions have no impact on trade – DA

Agriculture 0
The Department of Agriculture (DA) and Bureau of Animal Industry (BAI) said that China’s restrictions on imports of Philippine pigs, wild boar, and related products do not affect the country’s current trade performance, as the Philippines does not export these items to China at present.

Visayas grid under yellow alert; think tank urges decentralized power setup

Energy & Mining 0
The Visayas grid remained under yellow alert from 4 to 8 p.m. today, marking the eighth day this month the alert has been raised, with red alerts also triggered earlier in May. The National Grid Corporation of the Philippines reported low power reserves: available capacity stood at 2,692 MW against a peak demand of 2,503 MW. The strain stems from multiple long-term plant shutdowns—some inactive since as early as 2021—and 15 plants running below full capacity. Major facilities out of service include two units of Therma Visayas Inc. and a plant owned by Meralco Power Gen Corp., together making up over half of the unavailable supply.

SEC revokes broker’s license over fraudulent practices

Corporate 0
The Securities and Exchange Commission (SEC) has canceled the registration of Mount Peak Securities Inc. as a broker-dealer due to serious violations of securities laws, including fake financial reports, use of dummy accounts, and forged client documents. This development helps protect investors and upholds integrity in the local capital market.

ACEN JV, Ocean Sun sign MOU for floating solar project in Asia

Energy & Mining 0
ACEN-Silverwolf Pte Ltd, a joint venture of ACEN Renewables International and Silverwolf Capital, has signed a non-binding memorandum of understanding with Ocean Sun AS to explore rolling out floating solar technology across key Asian markets. Disclosed recently, the agreement sets the stage for a potential formal partnership focused on building large-scale solar installations on freshwater reservoirs and inland water bodies, pending necessary approvals and final contracts. This collaboration combines ACEN-Silverwolf’s strong regional renewable energy experience with Ocean Sun’s patented, specialized technology designed for efficiency and durability in freshwater settings. The deal is significant as it supports ACEN’s broader goal of reaching 20,000 MW of renewable capacity by 2030 and achieving net-zero emissions by 2050, while advancing cost-effective clean energy solutions across the region.
spot_img