The Department of Energy (DOE) has awarded 6,680.887 MW of renewable energy capacity under the third Green Energy Auction (GEA 3), based on a 9 June 2025 filing disclosed Tuesday. Seven developers submitted 12 winning bids under the program, which offers fixed-rate incentives to developers bidding below the Energy Regulatory Commission’s (ERC) reserve price.
San Miguel Corp. (SMC) is projecting continued growth across upcoming quarters, driven by new revenue sources in infrastructure, energy, and transportation, according to chairman and CEO Ramon S. Ang.
Local power firm S.I. Power Corp. (Sipcor) and the Department of Energy (DOE) are ramping up efforts to address the ongoing power crisis in Siquijor, which has led to rotational outages amid growing demand and insufficient supply.
Newly appointed Securities and Exchange Commission (SEC) chairman Francis Ed. Lim on Tuesday raised alarm over the limited scale of the Philippine stock market, calling it "too small" relative to regional peers and pledging sweeping reforms to stimulate capital market growth.
Telecommunications giant PLDT Inc. and industry group Philippine Chamber of Telecommunications Operators (PCTO) have called for a review of the proposed Konektadong Pinoy Act (KPA), urging lawmakers to ensure a fair and secure competitive environment.
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.
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 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 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.