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ERC cites market, peso strength in power rate cuts

Energy & Mining Context.ph Context.ph -
The Energy Regulatory Commission (ERC) on Thursday reported a decline in average power generation rates across 15 of 17 regions in May this year, citing favorable conditions at the Wholesale Electricity Spot Market (WESM), a drop in imported coal prices, and a stronger peso.

Vivant commits P46B to reach 30% RE goal by 2030

Energy & Mining Context.ph Context.ph -
Vivant Corp. has committed up to P46 billion in capital expenditures through 2030 to achieve its goal of having 30 percent of its portfolio sourced from renewable energy (RE), CEO Arlo Sarmiento said at the company’s annual stockholders meeting.

Ayala lists ₱20B preferred shares on PSE

Corporate Context.ph Context.ph -
Ayala Corp. (PSE: AC) successfully listed ₱20 billion worth of Preferred Class “B” shares on the Philippine Stock Exchange (PSE), marking a significant move in its capital-raising strategy and reinforcing investor confidence in both the conglomerate and the domestic capital markets.

RSSI infestation in Visayas sugarcane farms widens

Agriculture Context.ph Context.ph -
The Sugar Regulatory Administration (SRA) on Thursday reported that the red-striped soft scale insect (RSSI) infestation in Visayan sugarcane fields has expandedw to 1,505 hectares, an 11.5 percent increase from 1,350 hectares five days prior. The pest, primarily affecting Negros Occidental, Iloilo, Capiz, and Negros Oriental, is known to slash sugar content by up to 50 percent.

Aboitiz takes over MCIA IFM

Transport & Logistics Context.ph Context.ph -
Aboitiz Construction has formally launched its Integrated Facilities Management (IFM) services at the Mactan-Cebu International Airport (MCIA), in a landmark partnership with Aboitiz InfraCapital Cebu Airport Corporation (ACAC), operator of the country’s second busiest airport.
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GSIS, TESDA train 15 Cebu dependents in automotive skills for jobs, livelihood

Education, Health & Science 0
The Government Service Insurance System (GSIS), working with the Technical Education and Skills Development Authority (TESDA), has provided automotive servicing training to 15 dependents of GSIS members and pensioners in Cebu, opening pathways to employment, steady income, and small business ownership.

FDC net income dips 6% in first nine months even as revenues climb 10% 

Corporate 0
Filinvest Development Corp., the listed holding company of the Gotianun group, reported Thursday that its attributable net income slipped 6 percent to P10.8 billion in the first nine months of the year, from P11.48 billion recorded in the same period last year. Despite the slight decline in bottom-line earnings, total revenues and other income rose 10 percent year-on-year to reach P99 billion, up from P81.18 billion a year earlier.

First Gen nine-month recurring net income rises slightly to P12.5B amid portfolio shift

Corporate 0
First Gen Corp. posted a attributable recurring net income of P12.5 billion for the first nine months of 2026, edging higher from the P12.1 billion recorded in the same period a year earlier, the company announced Thursday.

Citicore Renewable net income more than doubles to P2.15B in 9 months

Energy & Mining 0
Citicore Renewable Energy Corp. (CREC) posted a 122-percent jump in consolidated net income to P2.15 billion for the first nine months of the year, rising from P966 million recorded in the same period last year, the company announced Thursday.
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