Advisors broach WESM price cap removal to Malacañang
The Energy Regulatory Commission (ERC) on Monday bared the likelihood of lifting the so-called secondary price cap at the Wholesale Electricity Spot Market (WESM), the idea having been already presented to President Ferdinand Marcos Jr. in meeting with the Private Sector Advisory Council (PSAC) last week.
Vis-Min grid interconnection nearly done
The Mindanao-Visayas interconnection project (MVIP) is 80 percent complete and can already transport power between the island groups, according to the Department of Energy (DOE).
Megaworld sets aside P55 billion in capex this year
Megaworld Corp., the property development arm of tycoon Andrew Tan, has set aside P55 billion in capital expenditures this year, 19 percent higher than last year’s P46 billion.
Ginebra reports spirited 2022 income despite headwinds
Ginebra San Miguel Inc., the conglomerate’s liquor maker, reported record net income of P4.5 billion last year, 9 percent higher than the previous year’s P4.17 billion.
Budget carrier takes on Singapore Tourism Board as partner
Cebu Air Inc., more known as Cebu Pacific, has renewed its partnership with the Singapore Tourism Board (STB) to promote travel to the Lion City, which is one of the top-of-mind destinations for visitors from the Philippines.
