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 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 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.
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 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.
Finance Secretary Ralph G. Recto has directed newly appointed local government treasurers to serve as the country’s “first line of defense” in upholding fiscal governance at the local level.
Global Ferronickel Holdings Inc. (FNI) announced that its detained chairman, Joseph Sy, has secured another legal victory after a Taguig Regional Trial Court (RTC) granted his urgent motion for release despite ongoing deportation proceedings initiated by the Bureau of Immigration (BI).
The Philippine Geothermal Production Company, Inc. (PGPC) has launched an ambitious environmental initiative to plant over one million trees in seven provinces across Luzon over the next five years. The reforestation program will cover more than 1,200 hectares, targeting areas around PGPC’s geothermal steam fields.
The Department of Energy (DOE) expressed optimism for increased electric vehicle (EV) adoption following the release of a harmonized EV classification system set to take effect on September 20, 2025.