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Customs brokers nabbed in P2M extortion bust

In signaling the crackdown on corrupt practices within the customs system, the Bureau of Customs (BOC) on Wednesday arrested two customs brokers for allegedly extorting P2 million from a local freight forwarder. The operation, conducted jointly by the BOC’s Customs Intelligence and Investigation Services at the Manila International Container Port and the National Bureau of Investigation’s Anti-Organized and Transnational Crime Division (NBI-AOTCD), led to the swift arrest of Wyeth Lara Navales and her sister Leila Lara Navales in Ermita, Manila.

ACEN boosts renewables with Cagayan North Solar project

ACEN Corp., the Ayala group’s listed energy platform, is expanding its renewable footprint in North Luzon with the 133-megaWatt Cagayan North Solar project in Lal-lo, Cagayan. 

PH-Saudi pact highlights rising interest in ASEAN renewables

Meralco PowerGen Corp. (MGen), a subsidiary of Manila Electric Co., has signed a strategic agreement with Saudi Arabia-based ACWA Power to explore joint renewable energy (RE) ventures in the Philippines and across Southeast Asia.

AG&P helping power PH’s offshore wind buildout

Energy infrastructure developer Atlantic, Gulf & Pacific Co. of Manila Inc. (AG&P) has formally expressed interest in supporting the country's offshore wind (OSW) sector, according to the Department of Energy (DOE).

Maynilad invests P20B to cut water losses to 25% by 2027

Maynilad Water Services Inc. announced it will invest over P20 billion through 2027 to reduce its non-revenue water (NRW) to 25 percent, a move with significant operational and commercial implications for the West Zone water concessionaire.

Just in

GSIS, TESDA train 15 Cebu dependents in automotive skills for jobs, livelihood

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% 

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

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

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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