Energy rates fall in February amid rising supply
The average price of electricity at the Wholesale Electricity Spot Market (WESM) saw a notable drop in February, despite an uptick in power demand. Data from the Independent Electricity Market Operator of the Philippines (IEMOP) released on Wednesday revealed that the average price per kilowatt-hour (kWh) in February stood at P2.73, marking a 7.8 percent decrease from January’s P2.96.
John Paul L. Ang appointed director of Ginebra San Miguel
Ginebra San Miguel Inc. has appointed John Paul L. Ang, the eldest son of San Miguel Corp. chairman and CEO Ramon S. Ang, as a new director.
SM Hotels sees robust growth in hospitality
SM Hotels and Convention Corp., a subsidiary of SM Prime Holdings Inc., has planned a P15-billion expansion in the wake of strong surge in occupancy rates across its hotels and convention centers in 2024, propelled by growing travel and MICE--Meetings, Incentives, Conferences, and Exhibitions--demand.
Lender outlook highlights PH growth and prime investment opportunities
BDO Capital president Eduardo V. Francisco recently emphasized the country's promising growth prospects, positioning the country as a key player in the evolving global economy. Francisco said that the Philippines remains resilient, with growing international confidence and heightened foreign interest in the country's investment potential.
Nickel Asia, DMCI Mining partner for nickel plant development
Nickel Asia Corp., a major player in natural resources development, and emerging nickel producer DMCI Mining Corp. have forged a deal to jointly explore the feasibility of developing and operating a nickel processing plant in the Philippines.
