CREC advances 2.3 GW renewable energy pipeline
Citicore Renewable Energy Corp. is preparing to roll out about 2.3 gigawatts of renewable energy capacity through 2026 and 2027, as it moves to convert a growing project pipeline into operating assets.
7-Eleven Philippines targets 5,000 stores despite bottlenecks
7-Eleven Philippines is pressing ahead with its expansion toward more than 5,000 stores by year-end, even as permitting delays and power availability threaten to slow the pace of new openings.
Shell Pilipinas demonstrates operational resilience amid first-half inventory and margin pressures
Shell Pilipinas Corp. maintained uninterrupted energy supply and robust trade operations across the Philippines through the first half of the year, even as severe global market volatility and inventory holding losses led to a net loss of P1.9 billion.
Monsoon rains dampen 7-Eleven sales; company eyes long-term growth amid challenges
Philippine Seven Corp. (PSC), the operator of 7-Eleven convenience stores in the country, has reported a significant dip in sales, by as much as 20 percent, attributed to the incessant monsoon rains experienced over the past two weeks. Despite a strong performance up until July, bolstered by its annual "7-11 day" promotion, the company acknowledges the sensitivity of its sales to adverse weather conditions.
Habagat, TCs Luis & Maymay damage to agriculture sector reaches P1.42B
The Department of Agriculture (DA) reported a P1.42 billion damage to the agriculture sector due to the enhanced southwest monsoon (Habagat) and Tropical Cyclones Luis and Maymay, as of August 17. This figure rose from P1.03 billion earlier that day.
