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Security Bank picks ACI Worldwide to boost its payments platform

Security Bank Corp. has adopted ACI Worldwide’s enterprise payment platform solution as the technology best suited to strengthen the bank’s real-time payment requirement. The adoption...

Manila commits to persist on renewable energy path at Tokyo meet

In seeking out the country’s neighbors at the Asia Zero Emission Community (AZEC) meeting in Tokyo, the Philippines reiterated its commitment to transition to renewable energy sources and persist on this path over time.

Bautista adopts cost-control, transparency measures at DOTr

The Department of Transportation (DOTr) under Secretary Jaime Bautista has issued an order stripping attached agencies of authority to engage in activities or transactions exceeding P50 million without prior agency approval.

Harbor Star in deal to help clean-up of MT Princess Empress oil spill

Harbor Star Shipping Services Inc., a marine services company listed on the Philippine Stock Exchange under the trading symbol TUGS, said Thursday it was engaged by the owner of an oil tanker that sank in waters in Oriental Mindoro to help in the clean-up and disposal of oily waste.

ACEN 2022 earnings propped up by one-off gains, plans P70B capex this year

ACEN Corp. said Thursday that net income last year reached P13.1 billion, more than double the P5.25 billion the listed energy unit of the Ayala Group reported in 2021 because of revaluation gains as well as court-mandated provisions and a project in Vietnam.

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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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