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USD80M financing strengthens solar and battery storage projects in Southeast Asia

Pentagreen Capital and British International Investment (BII) have teamed up in a joint USD80 million financing initiative aimed at accelerating the rollout of utility-scale solar and battery storage projects across Southeast Asia, with a focus on the Philippines.

MPower renews supply deal with Araneta Group

Meralco retail electricity supply arm MPower has renewed its power supply agreement with the Araneta Group, marking the continuation of an 11-year partnership with ACI Inc.

DA crafts hog repopulation roadmap to lift industry, cut pork imports

The Department of Agriculture (DA) is preparing a strategic roadmap to restore the country’s hog population, aiming to increase it to 14 million heads by 2028.

Ceb Pac 2024 net income drops but revenue, market share surge

Cebu Pacific on Thursday reported net income in 2024 falling 31.64 percent to only P5.4 billion, from P7.9 billion in 2023.

Petrochemicals still a challenge for JG Summit but posts 10% income expansion in 2024

JG Summit Holdings Inc., the parent company of the Gokongwei group, announced a 10 percent increase in net income for 2024, rising to P22 billion from P20.04 billion in 2023. Company revenue also grew by 11 percent, reaching P379.7 billion, up from P343.96 billion the previous year.

Just in

Eala’s HK Open final ends in heartbreak, but ranking soars

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 

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

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

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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