Basic Energy Corp. has secured a certificate of authority from the Department of Energy (DOE) for the 43 MW Cadiz 1 solar power project in Negros Occidental, marking a significant step in its renewable energy expansion.
The Power Sector Assets and Liabilities Management Corp. (PSALM) held a pre-proposal conference on Tuesday for the upcoming sale of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants, marking a significant step in the ongoing privatization of state-owned energy assets.
Shell Pilipinas Corp., one of the largest oil companies in the country, posted a 6 percent growth in net profit, reaching P1.3 billion. This increase was largely driven by savings in operating expenses, which more than offset a three percent decline in sales volume.
SecureLink Networks, a joint venture between PT&T Corp. and Australian tech firm Netlinkz Ltd., is investing millions of dollars in a new lab facility in Makati City, underscoring its growing commitment to the Philippines.
Agriculture Secretary Francisco P. Tiu Laurel Jr. recently launched a feed distribution initiative to assist duck raisers in Pampanga, a central hub in the duck industry.
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.
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.
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.
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.