Bautista adopts cost-control, transparency measures at DOTr
The Department of Transportation (DOTr) under Secretary Jaime Bautista has issued an order stripping attached agencies of authority to engage in activities or transactions exceeding P50 million without prior agency approval.
Harbor Star in deal to help clean-up of MT Princess Empress oil spill
Harbor Star Shipping Services Inc., a marine services company listed on the Philippine Stock Exchange under the trading symbol TUGS, said Thursday it was engaged by the owner of an oil tanker that sank in waters in Oriental Mindoro to help in the clean-up and disposal of oily waste.
ACEN 2022 earnings propped up by one-off gains, plans P70B capex this year
ACEN Corp. said Thursday that net income last year reached P13.1 billion, more than double the P5.25 billion the listed energy unit of the Ayala Group reported in 2021 because of revaluation gains as well as court-mandated provisions and a project in Vietnam.
AboitizPower plans P190B clean energy portfolio expansion
Aboitiz Power Corp. plans to spend P190 billion to push its renewable energy capacity to 4,600 megawatts, or half of its total generation portfolio by 2030.
San Miguel Food income rises 12% in 2022
San Miguel Food and Beverage Inc. on Wednesday reported profits in 2022 growing 12 percent to P34.7 billion from the previous year’s P31.41 billion despite heightened geopolitical tensions, inflationary pressures and supply chain challenges.
