Petron posts higher 1Q net income despite revenue dip
Petron Corp. reported a 2.5 percent increase in net income for the first quarter of 2025, reaching ₱4.03 billion from ₱3.93 billion in the same period last year, despite a significant drop in revenue.
First Gen 1Q profits slip on lower generation, spot prices
First Gen Corp., one of the country's largest clean and renewable energy producers, reported a 4.9 percent year-on-year decline in net income for the first quarter of 2025 as lower electricity generation and soft spot market prices weighed on financial results.
Lower electricity prices expected to ease burden on households, businesses
Consumers may see relief in their electricity bills as the Independent Electricity Market Operator of the Philippines (IEMOP) projects continued low prices at the Wholesale Electricity Spot Market (WESM), driven by ample power supply and the expanding presence of renewable energy sources.
NAIA upgrades curbside safety measures at Terminals 1 and 2
New NAIA Infra Corp. (NNIC) has begun an audit of all security bollards and is redesigning the departure passenger drop-off zones at Ninoy Aquino International Airport (NAIA) Terminals 1 and 2 to enhance curbside safety for the traveling public.
ADB: digitalization key to tackling inequality in Asia-Pacific
Digital transformation holds the potential to significantly reduce persistent economic inequality across Asia and the Pacific, but governments must act to close digital divides in infrastructure, access, and skills, according to a new report released today by the Asian Development Bank (ADB) during its annual meeting in Milan.
