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AboitizPower plans P190B clean energy portfolio expansion

Aboitiz Power Corp. plans to spend P190 billion to push its renewable energy capacity to 4,600 megawatts, or half of its total generation portfolio by 2030.

San Miguel Food income rises 12% in 2022

San Miguel Food and Beverage Inc. on Wednesday reported profits in 2022 growing 12 percent to P34.7 billion from the previous year’s P31.41 billion despite heightened geopolitical tensions, inflationary pressures and supply chain challenges.

Ban on pork imports now includes Singapore

The Department of Agriculture (DA) has widened its list of temporarily prohibited pork imports to include pork products from Singapore.

Generation charge deferment helps soften Meralco billings months ahead

The deferment of collection of generation charges worth P1.1 billion helps soften the cost of adjustment in electricity rates on consumers in the March and April billing period, the Energy Regulatory Commission (ERC) said on Wednesday.

Toll operations, power push 2021 MPIC core income 15% higher

Conglomerate Metro Pacific Investments Corp. on Wednesday bared core net income in 2022 reaching P14.2 billion, up 15 percent from P12.3 billion the previous year on strong recovery of its toll road traffic and growth in power consumption. 

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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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