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President Marcos extends Meralco franchise through 2050

Energy & Mining Context.ph Context.ph -
President Ferdinand Marcos Jr. has signed into law a measure extending the franchise of Manila Electric Co. (Meralco), the country’s largest power distributor by sales and footprint, for another 25 years through 2050, Malacañan announced Tuesday.

MVP, Salceda say new Meralco franchise to power growth, spur investments

Corporate Context.ph Context.ph -
Business tycoon Manuel V. Pangilinan and Bicol Rep. Joey Salceda on Monday said President Ferdinand Marcos Jr. decision to renew the franchise of Manila Electric Co. (Meralco) will drive the country’s future growth, spur investments and create more jobs.

ACEN Australia secures AUD750M in green financing backed by global lenders

Energy & Mining Context.ph Context.ph -
ACEN Australia, a subsidiary of Philippine-listed energy firm ACEN Corp., has secured AUD750 million in debt financing, marking one of the largest green financing deals for renewables in the country to date. The transaction will support both the refinancing of operating assets and the development of new renewable energy projects across Australia.

WawaJVCo powers up pumping station with PrimeRES Deal

Energy & Mining Context.ph Context.ph -
WawaJVCo, a subsidiary of Prime Infrastructure Capital Inc. (Prime Infra), has contracted PrimeRES Energy Corp. to supply retail electricity to the Upper Wawa Pumping Station, marking a milestone in the Wawa Bulk Water Supply Project.

SMC power arm backs P50B loan for Bataan Power 

Banking & Insurance Context.ph Context.ph -
San Miguel Global Power Holdings Corp., the energy subsidiary of conglomerate San Miguel Corp. (SMC), has stepped in as sponsor and security grantor for a massive omnibus loan and security agreement worth up to ₱50 billion, benefiting its affiliate Mariveles Power Generation Corp.
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Eala’s HK Open final ends in heartbreak, but ranking soars

Sports & Entertainment 0
The impressive run of Alex Eala at the Prudential Hong Kong Open ended with a painful thud on Sunday, as a troublesome right leg proved a bigger opponent than she could handle in the championship match.

Fuel prices set for big drop this week 

Energy & Mining 0
Filipino households and businesses can look forward to significant relief at the pumps this week, with a major downward adjustment in fuel costs forecast following five consecutive weeks of mixed price trends.

DNL cautiously optimistic of prospects in 2027

Corporate 0
Chemical maker D and L Industries Inc. is more hopeful about next year following the US midterm elections, which have raised hopes for an end to the Iran conflict, lower oil prices and a stronger peso. President Alvin Lao cited these as clear positives, though he warned that damaged supply chains, a severe El Niño and domestic political tensions remain key concerns.

ALLHC’s P62M Q3 profit limits nine-month earnings decline

Transport & Logistics 0
AyalaLand Logistics Holdings Corp. (ALLHC) sharply improved its earnings in the third quarter, with net income of P62 million helping narrow its nine-month profit decline to 9 percent as industrial lot sales gained traction and cold storage operations expanded.
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