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ADB invests in hard discount retailer DALI

The Asian Development Bank (ADB) is investing in Dali Modern Food Retail to expand the discount grocery chain’s footprint in the Philippines.

Telco calls on ISPs to help clean cyberspace of child sexual abuse

The PLDT Group on Friday called on internet service providers (ISPs) and other stakeholders to help create a clean cyberspace for all users and stop the proliferation of child sexual abuse and exploitation materials (CSAEM) online by organizing a global chain of trust. 

Higher generation charge push power rates up in March

The Manila Electric Company (Meralco) on Friday bared an upward adjustment of P0.5453 per kWh in the electricity rate this March, bringing the overall rate for a typical household to P11.4348 per kWh from the previous month’s P10.8895 per kWh.

One-off items tame Ayala Corp profit numbers; P264B earmarked for 2023 capex

Ayala Corp., a diversified investment holding group, said Friday net income last year proved flat at P27.4 billion as strong contributions from its banking...

Del Monte 3Q profit falls on lower operating results, higher interest expense

Del Monte Pacific Ltd., the food group listed in both the Philippines and Singapore stock exchanges, saw third-quarter net profit fall 62 percent year-on-year...

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Nickel Asia’s renewable unit targets 458 MW capacity by end-2026

Nickel Asia Corp. (NAC), through its renewable energy arm Emerging Power Inc. (EPI), aims to raise its total operational power capacity to 458 megawatts (MW) by the end of 2026, up from 293 MW expected by end-2025.

Petron buys Russian crude, revives offer to sell firm back to government

Petron Corp. has procured 2.48 million barrels of crude oil from Russia to secure fuel supply in the country until June 2026, the company said.

STI warns of slower enrollment amid Middle East conflict

STI Education Systems Holdings Inc. expects student enrollment to decline further as the ongoing conflict in the Middle East affects Filipino families’ finances, its chairman Eusebio H. Tanco said.

DOE to fast-track 22 renewable energy projects adding 1,471 MW next month

The Department of Energy (DOE) plans to speed up the entry of 22 renewable energy (RE) projects that will add about 1,471 megawatts (MW) of power to the grid by next month.
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