ACEN, Rockefeller Foundation launch pilot project for funding of coal plants’ early retirement
ACEN Corp. and The Rockefeller Foundation have kicked off the pilot project under the first Coal to Clean Credit Initiative, an effort that could help the Philippines avoid up to 19 million tons of carbon dioxide emissions.
Basic Energy in partnership with Japan in Batangas wind project
Basic Energy Corp. forms half of the joint development and shareholder agreement with Japan's Renova Inc. to pursue a 50-megawatt wind power project in Batangas.
Luzon, Visayas grids still under alert status with 39 power plant units down
Both the Luzon and Visayas grids remain under yellow alert Thursday as 39 power plants were either under forced outage or de-rated in the absence of a total 2,667.3 megawatts worth of power.
SEC makes permanent CDO vs MFT Group
The Securities and Exchange Commission has made permanent the cease and desist order (CDO) it issued against Maria Francesca Tan (MFT) Group of Companies Inc. and Foundry Ventures I Inc.
Metro Retail Stores earnings in 2023 hurt by higher inflation
Metro Retail Stores Group Inc. said Wednesday net income last year dropped 33 percent to P618 million due the adverse impact of inflation on sales and magnified by the absence of one-off gains from an accounting adjustment on leases and insurance claims made in 2022.
