Toyota Financial lists P5BB on PDEx
Toyota Financial Services Philippines Corporation., the auto financing arm of GT Capital Holdings Inc., successfully listed P5 billion worth of fixed-rate bonds on the Philippine Dealing and Exchange Corporation (PDEx), marking its maiden issuance in the local debt market.
EDC plans 2029 decommissioning of Leyte Geothermal Plant
The Energy Development Corp. (EDC) is set to begin the phased decommissioning of its 129-megawatt (MW) Upper Mahiao geothermal power plant in Leyte, citing the facility’s declining technical viability and end of economic life.
NexGen unit gets green light for Laguna floating solar project
Local renewable energy firm NexGen Energy Corp., through its unit 5hour Peak Energy Corp., has secured a certificate of authority (COA) from the Department of Energy to pursue a floating solar power project in Caliraya Lake, Laguna.
ERC relaxes public listing rules for power firms
The Energy Regulatory Commission (ERC) has eased the public listing requirements for power generation companies and electric distributors, streamlining compliance with a key provision of the Electric Power Industry Reform Act (EPIRA).
DOTr opens bidding for NSCR operations
The Department of Transportation (DOTr) has officially invited local and foreign firms to participate in the bidding for the operations and maintenance (O&M) of the North-South Commuter Railway (NSCR) through a Public-Private Partnership (PPP) arrangement.
